Cheesecake Factory Revenue Tops $1 Billion as Comparable Sales Grow 15.2%
Key Facts
Cheesecake Factory reported revenue of $1,033.4 million in fiscal third-quarter 2026, compared with $907.2 million in the same period of 2025, as comparable restaurant sales rose 15.2% year over year. The company posted net income of $61.3 million and diluted GAAP earnings of $1.19 per share. Adjusted diluted earnings, excluding the impact of acquisition-related and other items, were $1.02 per share. In its statement, the CEO said the company achieved “record quarterly revenue” during the quarter. He said restaurants under the flagship brand led performance, with comparable sales and visits growing at a pace that clearly outperformed the casual dining sector.
The results provide a picture of the company itself, not a judgment on the performance of the entire market; available data combine restaurants with companies operating in commercial real estate and banking services. Cheesecake Factory’s figures focus on revenue growth and sales at established restaurants, as well as the difference between adjusted earnings and earnings calculated under GAAP. In the broader backdrop, analysts expected S&P 500 companies’ earnings to rise about 31% year over year in the third quarter of 2026. Reuters attributed two-thirds of the expected increase to the technology sector and major artificial intelligence companies, including Alphabet, Amazon.com and Meta Platforms. That places the restaurant company’s results within a broader earnings season whose drivers vary across sectors.
Wall Street’s Oct. 27 session ended higher, with the Nasdaq Composite up 1.18% and the Nasdaq 100 up 1.29%, amid a rebound in technology stocks driven by artificial intelligence. The sector had come under pressure in previous days after the Nasdaq recorded its biggest daily drop since June, according to Reuters, as investors were disappointed by results from Meta and Lam Research. On the morning of Oct. 27, U.S. stock futures were little changed ahead of the Federal Reserve meeting, while crude oil approached a six-week high. Markets were also following company results and the upcoming interest-rate decision. These developments reflect the overlap between earnings season and a test of the direction of technology stocks and monetary policy.
The Federal Open Market Committee meeting was scheduled for Oct. 27 and 28, with the Federal Reserve chair set to hold a news conference on Oct. 28. The committee announcement and news conference therefore remained in focus for investors alongside company results. Reuters reported that about one-third of S&P 500 companies would report results during the week that began on Oct. 26. The expected reports include Alphabet, Microsoft and Amazon, adding to a busy week for major companies. Another scheduled event is Seacoast’s conference to discuss third-quarter results and business trends, on Oct. 28 at 10:00 a.m. Eastern time.