Cheesecake Factory earnings pop

Business · Heat 6.0 / 10 · 2 shows · 7m airtime

Cheesecake Factory reported solid quarterly earnings on October 27, with CEO David Overton crediting new menu items, a rewards program and social media engagement. Revenue rose 15% in Q3, twice Texas Roadhouse's growth, and the stock has tripled in two years and is up 105% this year against 15% for Nvidia. The discussion has widened beyond the results to a political back-and-forth after Obama said the White House looked like Saddam Hussein opened a Cheesecake Factory, and Treasury Secretary Scott Bessent's lunch there on Monday.

How 2 podcasts covered it

1. Morning Brew Daily, 2026-10-28 (0:23 to 2:07)
   Ties the stock gain to a political spat
   Ties the chain's 105% year-to-date stock gain and solid earnings to a political spat: Obama's Saddam Hussein joke about the White House, Bessent's lunch at the restaurant, and the CEO's menu-and-rewards explanation for sales growth.
   New angle: Cheesecake Factory stock is up 105% this year, against 15% for Nvidia.
2. The Best One Yet, 2026-10-29 (5:28 to 10:35)
   Breaks down the earnings and the menu math
   Works the earnings and the political cameo into a business case: the 21-page, 250-dish menu as a veto-proof marketing cost, $14 million per location, and a 2012 Harvard Medical School journal article asking whether the chain could model U.S. health care.
   New angle: Revenue rose 15% in Q3, twice Texas Roadhouse's growth, and the stock has tripled in two years.