Obama mocked Trump’s gold White House as a Cheesecake Factory. The chain just posted a record quarter
Trump, the White House, and Treasury Secretary Scott Bessent have rushed to defend the chain, and its longtime designer has weighed in. Meanwhile, sales jumped 15% and the stock has more than doubled this year.
Former President Barack Obama mocked President Donald Trump's extravagant renovations at the White House, comparing it to a Cheesecake Factory. Obama made the comment while campaigning in Ohio for Democratic gubernatorial nominees Amy Acton and Sherrod Brown, ahead of the November midterm elections. The Cheesecake Factory, known for its over-the-top decor, reported record quarterly revenue of $1.03 billion in the third quarter, up 14% year-over-year.
The company's stock price has more than doubled this year, hitting an all-time high of $118.63. The restaurant chain has opened six new restaurants and expects to open up to 26 this year.
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