Cheesecake Factory Inc: Beat — EPS $1.02, Revenue $1.03B
Earnings BeatQ3 2026 · After-market
Did Cheesecake Factory Inc (CAKE) beat earnings today?
Yes, Cheesecake Factory Inc (CAKE) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+6.25% surprise
$1.02Actual
Expected: $0.96
vs. year ago +50.0%
Total Revenue+3.34% surprise
$1.03BActual
Expected: $1B
vs. year ago +13.9%
Released Oct 27 · 4:15 PM ET
Earning Report
| Metric | Q3 FY2026 | Q3 FY2025 | YoY Change % |
|---|---|---|---|
| Revenue | $1.03B | $907.23M | +13.9% |
| Revenue detail — reported lines | |||
| └─The Cheesecake Factory | $754.37M | $651.38M | +15.8% |
| └─North Italia | $92.99M | $83.48M | +11.4% |
| └─Other FRC | $90.31M | $78.02M | +15.8% |
| └─Other | $95.76M | $94.35M | +1.5% |
| Net Income | $61.30M | $31.90M | +92.2% |
| Basic EPS | $1.31 | $0.68 | +92.6% |
| Diluted EPS | $1.19 | $0.66 | +80.3% |
| Adj. Diluted EPS | $1.02 | $0.68 | +50.0% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY2026 Outlook |
|---|---|---|
| Restaurant Openings | — | as many as 26 |
| The Cheesecake Factory | — | as many as five |
| North Italia | — | eight |
| Flower Child | — | seven |
| FRC | — | as many as six |
Business Highlights
- ➤Opened six new restaurants, including two Cheesecake Factory locations, North Italia, Flower Child and two FRC restaurants.
- ➤Opened two Flower Childs and one FRC restaurant subsequent to quarter-end.
- ➤Comparable sales and traffic at Cheesecake Factory restaurants outperformed the broader casual-dining industry.
- ➤Continued menu innovation, the rewards program and social-media engagement supported guest engagement.
- ➤Owned and operated 383 restaurants across the United States and Canada.
- ➤Operated 35 international-licensed Cheesecake Factory restaurants.
- ➤Bakery division operated two facilities serving restaurants, licensees and third-party bakery customers.
- ➤Repurchased approximately 29,800 shares for $2.4 million during the quarter.
- ➤Board declared a quarterly dividend of $0.30 per share.
- ➤Named to FORTUNE’s 100 Best Companies to Work For for the thirteenth consecutive year.
Management Commentary
David Overton, Chairman and Chief Executive Officer
“We delivered an exceptional third quarter, generating record quarterly revenue, with margins and earnings also exceeding our expectations. The Cheesecake Factory restaurants led our performance, with comparable sales and traffic meaningfully outperforming the broader casual dining industry. Our experienced operators executed at a high level, delivering the outstanding food quality, service and hospitality that keep our guests coming back. Continued menu innovation, our rewards program and significant engagement across social media contributed to the impressive sales growth, while year-over-year improvements in labor productivity and food efficiency supported strong profitability.”
David Overton, Chairman and Chief Executive Officer
“The Cheesecake Factory has long enjoyed tremendous brand affinity across generations, and its ability to attract younger guests reinforces the enduring appeal and relevance of our namesake concept. We remain focused on delivering the memorable dining experiences that have defined our success, while building on the momentum of the rewards program and further expanding engagement across digital and social platforms. These strengths reinforce our competitive position and give us confidence in our ability to deliver profitable growth and long-term shareholder value.”