Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants. The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed sales up 6.8% for the quarter, driven primarily by its recently-acquired Ruth's Chris Steakhouse chain.
Shares of Darden Restaurants Inc. DRI, +0.28% dropped 4.3% in premarket trading Thursday, after the parent of the Olive Garden restaurant chain reported a surprise decline in fiscal third-quarter same-restaurant sales and lowered its outlook, citing an operating environment that was “tougher than anticipated.” Net income for the quarter to Feb. 25 rose to $312.9 million, or $2.60 a share, from ...
ORLANDO, Fla. , March 21, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 25, 2024.
The Ozempic and GLP-1 weight loss trend parallels the artificial intelligence (AI) mania that's gone mainstream viral, sending stocks like Novo Nordisk A/S NYSE: NVO and Nvidia Corp. NASDAQ: NVDA through the roof. While GLP-1 users report amazing weight loss results, like Oprah Winfrey losing 60 pounds, users continue to report the side effects of nausea, vomiting, gastrointestinal maladies and...
ORLANDO, Fla. , Feb. 21, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2024 third quarter financial results before the market opens on Thursday, March 21, 2024, with a conference call to follow at 8:30 am ET.
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