Key facts
- The Cheesecake Factory reported third-quarter revenue of $1.03 billion.
- Comparable sales rose over 15% year-over-year.
- CEO David Overton cited new menu items, rewards program, and social media engagement for growth.
The Cheesecake Factory announced strong third-quarter financial results on Tuesday, a period that saw the restaurant chain become a focal point in a political dispute. The company's revenue reached $1.03 billion, marking a nearly 14% increase from the previous year. Comparable sales at its restaurants also saw a significant boost, rising over 15% year-over-year. CEO David Overton attributed this success to the introduction of new menu items, the company's rewards program, and enhanced social media engagement. The company's fiscal third quarter concluded on September 29, prior to the political commentary that drew the chain into public discussion.