# Cheesecake Factory posts record-breaking revenues for the second quarter in a row

> Cheesecake Factory reports second straight quarter of record-breaking revenue growth.
- Title: Cheesecake Factory posts record-breaking revenues for the…
- Summary: Cheesecake Factory reports second straight quarter of record-breaking revenue growth. Cheesecake Factory achieved $1 billion in revenue for the third…
- Keywords: cheesecake factory, revenue, same-store sales, third quarter, 15.2% growth, 9.5% traffic growth, cheesecake rewards, social media engagement, bowls and bites menu, 26 new restaurants, 380 restaurants, 1 billion revenue
- Source: Nation's Restaurant News — https://nrn.com/casual-dining/the-cheesecake-factory-posts-record-breaking-revenues-for-the-second-quarter-in-a-row
- Read time: 1 min
- Topics: cheesecake factory, revenue, same-store sales, third quarter, 15.2% growth, 9.5% traffic growth, cheesecake rewards, social media engagement, bowls and bites menu, 26 new restaurants, 380 restaurants, 1 billion revenue
## Cheesecake Factory reports second straight quarter of record-breaking revenue
Cheesecake Factory topped $1 billion in revenue for the third quarter, marking the second consecutive quarter with record-breaking performance.
## 15.2% same-store sales growth
The company saw 15.2% same-store sales growth on 9.5% traffic growth, outperforming analyst expectations.
## Record AUVs despite slow quarter
Brand president David Gordon noted record AUVs even though the third quarter is historically the company's slowest of the year.
## Marketing strategy shift
Cheesecake Factory has become more aggressive with marketing, leveraging social media and brand differentiation to drive digital engagement and in-store visits.
## Cheesecake Rewards program growth
The company's Cheesecake Rewards program, launched earlier this year, is driving membership momentum and attracting new guests, especially younger social media users.
## Culinary innovation focus
The Bowls & Bites section of the menu is particularly doing well, reflecting the company's culinary innovation focus for the quarter.
## Financial results
Cheesecake Factory reported total revenues of just over $1 billion for the third quarter, compared to $907.3 million the same quarter the year prior.
## Net income growth
The company reported net income of $61.3 million or $1.19 per share, nearly double the $31.9 million or $0.66 per share the same quarter the year prior.
## New restaurant openings
Cheesecake Factory opened six new restaurants, ending the quarter with 380 restaurants across its portfolio.
## Future expansion plans
The company expects to open as many as 26 new restaurants during the remainder of the fiscal year.
## Brand president statement
Brand president David Gordon said the company's performance reinforces their strategy and focus on operational execution, menu innovation, and rewards program growth.
## Key takeaway

Cheesecake Factory achieved $1 billion in revenue for the third quarter, marking the second consecutive quarter with 15.2% same-store sales growth.