Darden Restaurants and Chuy's downgraded at Jefferies, amid customer traffic concerns
Shares of Darden Restaurants and Chuy's Holdings were under pressure ahead of Thursday's open after Jefferies analysts downgraded both companies on worries over footfall concerns.
The 3 Smartest Restaurant Stocks to Buy With $1K Right Now
Smart investors will watch restaurant stocks since the business is estimated to generate over $1 trillion in 2024. The industry is expected to gain 200,000 jobs this year, reaching 15.7 million.
Here's Why You Should Retain Darden Restaurants (DRI) Stock Now
Darden (DRI) intends to enhance its internal digital media capabilities to drive traffic and growth. However, inflationary pressures are a concern.
Is Olive Garden the Next Red Lobster?
Darden Restaurants‘ (NYSE: DRI) recent earnings report revealed mixed results, with Olive Garden struggling to grow same-store sales.
Olive Garden parent CEO says fast food inflation driving customers to sit-down franchises
Darden Restaurants CEO Rick Cardenas said high prices at fast food restaurants are benefitting casual sit-down restaurants, like his competitors Chili's Grill & Bar and Applebee's.
Olive Garden raising menu prices again
Popular Italian restaurant chain Olive Garden expects to raise prices "more in line with inflation" moving forward, parent company Darden said in its earnings call this week.
Darden Analysts Breakdown Q4 Results: Olive Garden Lags, LongHorn Steakhouse Outperforms
Darden Restaurants, Inc. DRI on Thursday reported better-than-expected results for its fourth quarter.
Olive Garden's parent company says it's luring diners in by not raising prices as much as rivals — even if it's not offering hefty discounts
Olive Garden hasn't been raising prices as much as its rivals — and execs say this is helping it buck industry traffic trends. Its guest counts topped industry benchmarks, even though same-restaurant sales slumped.
These Analysts Revise Their Forecasts On Darden Restaurants After Q4 Results
Darden Restaurants, Inc. DRI reported better-than-expected fourth-quarter earnings results and increased its quarterly dividend.
Diners are ditching pricey fast food for casual-dining chains, CEO of Olive Garden's parent company says
Darden Restaurants CEO Rick Cardenas said there's been a small shift from fast food to casual dining. American fast-food consumers have expressed frustration with rising prices.
Olive Garden hiking menu prices again — despite admitting losing customers to inflation
“We're not going to do things to buy sales even with the increasing discounting our competitors are doing,” the chain's CEO said. “Our focus is on profitable sales growth.
Darden Sees Fine-Dining Comparable Sales Drop Amid Inflation, Job Concerns
Darden Restaurants saw its same-store sales slip at its fine dining locations amid consumers' concerns about inflation and the job market.
