# Cheesecake Factory’s Record Quarter Predated Obama’s White House Joke

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/42436
Published: 2026-10-28T07:43:34.000Z
Updated: 2026-10-28T07:43:34.000Z
Section: Business

> The company reported $1.03 billion in fiscal third-quarter revenue, while comparable sales at The Cheesecake Factory restaurants rose 15.2%.

The Cheesecake Factory posted record fiscal third-quarter revenue of $1.03 billion for a period that ended before former President Barack Obama used the restaurant in a joke about President Donald Trump’s White House.

Revenue was $1,033.440 million for the 13 weeks ended Sept. 29, compared with $907.226 million for the 13 weeks ended Sept. 30, 2025. The company released its results Oct. 27. Obama made the remark at a Cleveland rally on Oct. 24, after the quarter closed but before the results were announced.

Comparable sales at The Cheesecake Factory restaurants rose 15.2% year over year. That figure covers the namesake restaurant concept, while consolidated revenue includes the company’s broader restaurant and other businesses.

David Overton, chairman and CEO of The Cheesecake Factory Incorporated, credited menu innovation, the rewards program and social media engagement with contributing to sales growth. “Continued menu innovation, our rewards program and significant engagement across social media contributed to the impressive sales growth,” he said.

The company recorded net income of $61.3 million, or $1.19 per diluted share. Adjusted net income, a non-GAAP measure, was $52.3 million, or $1.02 per diluted share. The results also included $12.9 million in pretax net income related to Fox Restaurant Concepts acquisition items. The adjusted figures exclude the after-tax impact of those items and certain others.

At the rally, Obama said, “He’s got the White House looking like Saddam Hussein opened a Cheesecake Factory.” The comment came 25 days after the fiscal quarter ended and three days before the company released its results.