BUTTER PRICE WON'T BITE CHEESECAKE FACTORY.Byline: Enrique Enrique (IPA [en'ɾike]) is the Spanish form of the name Henry. As a given name, it ranked 298 out of 1219 for males of all ages in the 1990 U.S. Census. Rivero Daily News Staff Writer While the skyrocketing price of butter is adding some weight to the cost of ice cream and other dairy products dairy products dairy npl → produits laitier dairy products dairy npl → Milchprodukte pl, Molkereiprodukte pl , the effects are likely to be minimal on the Cheesecake Factory Inc. Only the Calabasas-based restaurant operator's wholesale bakery business is likely to suffer because of the butter situation, said Christopher Weis, a vice president and senior analyst with Sutro Sutro is a surname and may refer to:
That segment constitutes just under 8 percent of the company's overall sales, while the bulk of its business is spread over entrees, salads and other food categories that won't be affected by the price hikes. ``There is some potential for (the company) to be impacted,'' Weis said. ``The good news for them is that there are many, many more factors that go to the cost of goods sold Cost of goods sold The total cost of buying raw materials, and paying for all the factors that go into producing finished goods. cost of goods sold than just cream or dairy products.'' Cheesecake Factory officials did not return telephone calls Tuesday. A similar increase in the price of butter took a big bite Big Bite was an Australian sketch comedy broadcast on the Seven Network in an evening timeslot. The show starred Chris Lilley of We Can Be Heroes and Andrew O'Keefe, who would go on to fame as host of the Seven Network's Deal or No Deal, Dragons' Den, The Rich List out of the company's third-quarter 1996 earnings. At that time, however, bakery goods made up about 10 percent of Cheesecake Factory's total sales, Weis said. By the first quarter of this year, it was down to 7.6 percent. STOCK SLIP Cheesecake Factory's stock closed Tuesday at 21-1/4, down -3/4. |
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