From Nation's Restaurant News · · 1m
3 chains soar in Q3, Cheesecake Factory has big week
Cheesecake Factory's record Q3 sales clash with Trump-Obama feud as three chains outperform.
In brief
Cheesecake Factory's record Q3 sales clash with Trump-Obama feud as three chains outperform. Cheesecake Factory reported 15% sales growth in Q3 amid Trump-Obama comments, while Chili's, Burger King and Starbucks saw strong results. Originally reported by Nation's Restaurant News.
Cheesecake Factory Q3 results
Cheesecake Factory reported record-breaking third quarter sales with 15% growth.
“Cheesecake Factory posts record-breaking revenues for the second quarter in a row”
Trump-Obama feud impacts chain
Former President Obama compared Cheesecake Factory to Trump's White House changes.
“The Cheesecake Factory is having an unexpected moment thanks to the trump-obama feud”
Three chains outperform
Chili's, Burger King and Starbucks reported strong Q3 results.
“three chains that soared (chili's, burger king, starbucks)”
Two chains struggle
Popeyes and Wingstop saw declining performance in Q3.
“two that continued to struggle (popeyes, wingstop)”
Wendy's takeover bid
Nelson Peltz and Greg Flynn offered $1.4 billion to acquire Wendy's.
“two shareholders, former chairman nelson peltz and franchisee greg flynn, have made an offer to acquire the company for $1.4 billion”
DoorDash-Instacart deal
DoorDash acquired Instacart for $17 billion, potentially harming restaurant operators.
“DoorDash acquired Instacart for $17 billion”
Quick Fire headlines
McDonald's ended FIFA partnership, Dine Brands adopted poison pill, Bojangles opened full-service bar.
“McDonald's ending its relationship with FIFA, Dine Brands adopting a poison pill, and Bojangles opening a full-service bar”
The takeaway
Cheesecake Factory reported 15% sales growth in Q3 amid Trump-Obama comments, while Chili's, Burger King and Starbucks saw strong results.
