Filing Flows › Cheesecake Factory (CAKE) › Q3 2026 › vs Q2 2026
Cheesecake Factory (CAKE) Q3 2026 vs Q2 2026 (quarter over quarter)
Cheesecake Factory's revenue rose $3.8M (+0.4%) from $1.0B in Q2 2026 to $1.0B in Q3 2026. The biggest changes: The Cheesecake Factory restaurants +$24.9M (+3%); Other FRC −$13.7M (-13%); North Italia −$5.4M (-6%). Operating margin 7.2% against 7.6% (-0.4 pts).
Cheesecake Factory, Q3 2026: revenue $1.0B (+14% year over year), operating margin 7.2%, net earnings $61.3M, operating cash flow $125M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 7.2% | 7.6% | -0.4 pts |
| Net margin | 5.9% | 6.6% | -0.7 pts |
| Free cash flow margin | 6.5% | 4.8% | +1.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| The Cheesecake Factory restaurants | $754M | $729M | $24.9M | +3% |
| Other | $95.8M | $97.7M | −$1.9M | -2% |
| North Italia | $93.0M | $98.4M | −$5.4M | -6% |
| Other FRC | $90.3M | $104M | −$13.7M | -13% |
| Revenue | $1.0B | $1.0B | $3.8M | +0.4% |
| Operating profit | $74.9M | $78.6M | −$3.7M | -5% |
| Costs & expenses | $959M | $951M | $7.5M | +0.8% |
| Pre-tax earnings | $73.4M | $76.9M | −$3.5M | -5% |
| General & admin | $66.6M | $65.6M | $1.1M | +2% |
| Other operating costs | $892M | $885M | $6.5M | +0.7% |
| Net earnings | $61.3M | $68.4M | −$7.1M | -10% |
| Income tax | $12.1M | $8.5M | $3.6M | +42% |
| Depreciation & amortization | $29.2M | $29.1M | $72K | +0.2% |
| Share-based compensation | $7.0M | $8.8M | −$1.7M | -20% |
| Working capital & other | $27.3M | −$14.1M | $41.4M | — |
| Operating cash flow | $125M | $92.2M | $32.6M | +35% |
| Free cash flow (OCF − capex) | $66.9M | $49.3M | $17.6M | +36% |
| Capital expenditures | $57.9M | $42.9M | $15.0M | +35% |
Questions
How much did Cheesecake Factory's revenue grow quarter over quarter in Q3 2026?
Cheesecake Factory's revenue rose $3.8M (+0.4%) from $1.0B in Q2 2026 to $1.0B in Q3 2026.
What drove Cheesecake Factory's revenue change in Q3 2026?
The Cheesecake Factory restaurants +$24.9M (+3%); Other FRC −$13.7M (-13%); North Italia −$5.4M (-6%).