Uber is partnering with Chinese self-driving firm WeRide to add more robotaxis to its app. The ride-hailing giant will launch its first service with WeRide in Abu Dhabi later this year.
Darden Restaurants is adapting to challenging market conditions with value promotions, menu innovations, and strategic partnerships, such as the new ToGo partnership with Uber. Olive Garden's reintroduction of the 'Never Ending Pasta Bowl' and other value-driven initiatives have significantly boosted traffic and comparable sales in recent months. LongHorn Steakhouse continues to outperform with positive comparable sales and traffic, driven by its resilience and strategic menu offerings without relying on value promotions.
Uber Technologies and WeRide announced a partnership on Wednesday to bring the Chinese self-driving technology firm's vehicles to the rideshare platform, starting in the United Arab Emirates.
Darden posted relatively lackluster fiscal results in its latest quarter. However, its decision to add a third-party delivery partner boosted the stock.
Oasis fans are furious with Ticketmaster, but analysts expect dynamic pricing to become more widespread because it maximizes profit margins.
Uber Technologies (UBER) closed at $74.71 in the latest trading session, marking a +1.04% move from the prior day.
Uber's growth, monetization, and profitability, driven by a sticky, high-spend user base, have led to an 81% return since our first 'Strong Buy' rating in June 2023. In April of this year, we downgraded Uber as we weren't sure how management would navigate an AV future, but the expanded Waymo partnership has put our concerns to rest. Uber's userbase and technical prowess should power strong growth and profitability into the future.
Olive Garden has always avoided using third party delivery services. Even during the pandemic, they resisted that urge.
Yesterday, Darden Restaurants, Inc. DRI reported first-quarter adjusted earnings per share of $1.75, missing the analyst consensus estimate of $1.83. Quarterly sales of $2.76 billion missed the street view of $2.80 billion.
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Darden Restaurants plans to start delivering Olive Garden food via Uber later this year, according to a Thursday announcement from the company.
Darden reported weaker-than-expected earnings on Thursday, but it reaffirmed its full-year outlook and said sales have been improving.