As consumers struggle with ongoing budgetary pressures, many are reining in their alcohol spending at nice restaurants by sticking to more budget-friendly brands, Darden Restaurants observed.
Darden's (DRI) first-quarter fiscal 2024 top line benefits from solid same-restaurant sales and new restaurant openings.

How Olive Garden Keeps Blooming

09:57am, Thursday, 21'st Sep 2023
Casual-dining giant Darden is swimming against a receding consumer tide.
Darden Restaurants (DRI) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.56 per share a year ago.
Shares of Darden Restaurants (NYSE:DRI), the parent company of Olive Garden, looked set to open lower on Thursday despite the company reporting first-quarter earnings that beat revenue and earnings es
Darden Restaurants Inc., parent company of brands including Olive Garden, LongHorn Steakhouse and Yard House, posted better-than-expected fiscal first-quarter earnings on Thursday, boosted by the addi
Darden, the owner of Olive Garden, saw net sales rise more than 11% in the quarter.
Restaurant stocks corrected over the summer due to tepid guidance, setting up a new opportunity for income investors. The guidance calls for growth but slowing growth to be offset by wider margins.
Darden's (DRI) first-quarter fiscal 2024 results are likely to reflect the benefits from an improvement in same-restaurant sales across its brands.
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Andy Barish, Jefferies managing director, joins 'The Exchange' to discuss consumer spending in the restaurant sector.
Jonathan Krinsky, BTIG chief market technician, joins 'Closing Bell' to discuss restaurant stocks seeing a broad sell-off, the relationship between crude oil prices and the restaurant sector and a pul
Darden Restaurants (DRI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Darden Restaurants presents an opportunity for investors to increase cash flow and enjoy price appreciation with its portfolio of globally recognized brands and increased consumer spending on dining o
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