Filing Flows › Cheesecake Factory (CAKE) › Q3 2026
Cheesecake Factory (CAKE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
Cheesecake Factory (CAKE) reported revenue of $1.0B for the third quarter 2026 (Q3 2026), +14% from a year earlier and +0.4% from the quarter before. Operating margin was 7.2%, net earnings $61.3M (5.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +0.4% | +14% |
| Operating profit | $74.9M | -5% | +101% |
| Net earnings | $61.3M | -10% | +92% |
| Operating cash flow | $125M | +35% | +38% |
| Free cash flow | $66.9M | +36% | +24% |
What changed
Revenue was $1.0B in Q3 2026, up 14% year over year and roughly flat from the previous quarter. The Cheesecake Factory restaurants was the largest line at 73% of revenue. The Cheesecake Factory restaurants added $0.10B year over year (up 16%), 82% of the total change.
Operating profit was $0.07B, a 7.2% margin (up 3.1 points year over year). Of the extra revenue versus Q3 2025, 30% reached operating profit, above the 4% margin then. Total costs grew 10% against revenue growth of 14%. The fastest-growing cost line was General & admin (+13%). Net earnings were $0.06B, up 92% year over year. The effective tax rate was 16.5%.
Operating cash flow was $0.12B (up 38% year over year), 204% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.06B left free cash flow of $0.07B.
Questions
What was Cheesecake Factory's revenue in the third quarter 2026?
Cheesecake Factory (CAKE) reported revenue of $1.0B for the third quarter 2026 (Q3 2026), +14% from a year earlier and +0.4% from the quarter before.
Was Cheesecake Factory profitable in the third quarter 2026?
Operating profit was $74.9M (7.2% of revenue) and net earnings $61.3M.
Source: Cheesecake Factory 10-Q on SEC EDGAR.