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Cheesecake Factory’s Q3 Beat Drives Stock Over 100%

By Drooid · Oct 29, 2026 · How we work

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Summary

Barack Obama mocked President Donald Trump's White House renovations, likening them to Saddam Hussein opening a Cheesecake Factory.
He delivered the joke at a Cleveland rally on October 24, 2026.
President Donald Trump called Obama a “lousy president” and defended the decor at a Mississippi rally on October 27, 2026.
The Cheesecake Factory posted a third-quarter earnings beat, with its stock up over 100% for the year as of October 29, 2026.

Summary

Rick McCormack created the Cheesecake Factory’s “affordable opulence” aesthetic using limestone, granite, chandeliers, murals, and columns.
McCormack says rising construction costs now make replicating the elaborate interiors nearly price-prohibitive.
David Overton opened the chain’s first Beverly Hills location in 1978 to feature his mother’s baked goods.
In Q3 2026 the chain reported $1.03 billion revenue and opened six new sites.
The chain targets opening up to 26 locations this year.

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Obama Mocks Trump

Barack Obama mocked President Donald Trump's White House renovations, likening them to Saddam Hussein opening a Cheesecake Factory.
He delivered the joke at a Cleveland rally on October 24, 2026.
President Donald Trump called Obama a “lousy president” and defended the decor at a Mississippi rally on October 27, 2026.
The Cheesecake Factory posted a third-quarter earnings beat, with its stock up over 100% for the year as of October 29, 2026.

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