The Cheesecake Factory (CAKE) Q3 2026 earnings summary

Executive summary

• Record Q3 revenue of $1,033.4 million; diluted EPS was $1.19, or $1.02 adjusted for specified items.

• The Cheesecake Factory restaurants drove results with 15.2% comparable sales growth and traffic meaningfully ahead of the broader casual dining industry.

• Menu innovation, rewards, digital and social engagement, and improved labor productivity and food efficiency supported sales and profitability.

Financial highlights

• Q3 revenue was $1,033.4 million versus $907.2 million in Q3 FY25; net income was $61.3 million versus $31.9 million.

• GAAP diluted EPS was $1.19 versus $0.66; adjusted diluted EPS was $1.02 versus $0.68.

• Adjusted net income was $52.3 million versus $33.2 million, excluding the after-tax impact of acquisition-related and other specified items.

• Income from operations was $74.9 million versus $37.3 million; income before taxes was $73.4 million versus $35.5 million.

Outlook and guidance

• FY26 development plan remains up to 26 openings: up to five Cheesecake Factory, eight North Italia, seven Flower Child, and six FRC restaurants.