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.
Darden Restaurants (DRI) shares surged Thursday after the Olive Garden owner reported improving sales trends after a decline in July and announced a new delivery pilot with Uber (UBER).
Darden Restaurants (DRI) shares surged Thursday after the Olive Garden owner reported improving sales trends after a decline in July and announced a new delivery pilot with Uber (UBER).
Olive Garden-owner Darden Restaurants said on Thursday it has entered into a delivery deal with Uber Technologies , sending its shares up about 7% in premarket trading.
Uber stock is seen as a potential beneficiary of autonomous vehicles, so long as it can build off recent Waymo deal.
Uber has announced the nationwide launch of two features designed to improve the safety of drivers: rider verification and the ability to record video and audio during trips with their smartphones.