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What Does The Olive Garden Reveal About Dining Sector Recovery?
Monday, March 15, 2021 - 1:33pm | 357Restaurant chain Darden Restaurants, Inc. (NYSE: DRI) showed a consistent recovery in foot traffic from May through October 2020. November and December 2020 saw trends move in the opposite direction, but a recovery is now underway, according to data from foot traffic analytic firm Placer.ai. What...
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Darden Restaurants Trades Higher After Olive Garden Owner's Better-Than-Expected Q4
Thursday, June 25, 2020 - 10:09am | 336Olive Garden parent company Darden Restaurants, Inc. (NYSE: DRI) reported Thursday with better-than-expected fourth-quarter results. The company also provided a business update and first-quarter outlook. Darden's Q4, Full-Year Results: Darden reported a loss of $1.24 per share...
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Sell-Side Analysts React To Olive Garden Parent Company's Earnings Beat
Wednesday, December 19, 2018 - 12:19pm | 632Darden Restaurants, Inc. (NYSE: DRI), best known for its Olive Garden and LongHorn Steakhouse brands, reported an EPS beat and slight revenue miss in its fiscal second quarter while management lifted its outlook higher. Here is a summary of how some of the Street's top analysts reacted to the...
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Darden Restaurants' Q3 Triggers Sell-Side Upgrade
Monday, March 26, 2018 - 9:38am | 369Darden Restaurants, Inc. (NYSE: DRI), the restaurant operator best known for its Olive Garden and LongHorn Steakhouse chains, reported fiscal third-quarter results Thursday that prompted Stephens to turn bullish on the stock. The Analyst Stephens' Will Slabaugh upgraded Darden...
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Olive Garden 'Outpaces' The Casual Dining Space, Which Is A Good Thing For Darden
Tuesday, December 20, 2016 - 3:41pm | 402Stephens maintained its Equal-Weight rating on Darden Restaurants, Inc. (NYSE: DRI), which reported solid second quarter results driven by continued strength in its Olive Garden segment. Darden reported adjusted EPS of was $0.64 in line with consensus. Olive Garden posted its ninth consecutive...
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Darden Restaurants Reports Better Than Expected Q3, Shares Dip Slightly Lower
Tuesday, April 5, 2016 - 9:01am | 264Shares of Darden Restaurants, Inc. (NYSE: DRI) were trading lower by around 0.50 percent early Tuesday morning after the company reported its third-quarter results. Darden Restaurants said that it earned $1.21 per share in the third quarter on revenue of $1.85 billion. Wall Street analysts were...
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Bloomin' Brands vs. Darden Restaurants - Which Would You Rather Invest In?
Wednesday, March 12, 2014 - 1:55pm | 638Between restaurant brand powerhouses Bloomin’ Brands (NASDAQ: BLMN) and Darden Restaurants (NYSE: DRI) can be found some of the most ubiquitous restaurant chains in the United States. Bloomin’ is home to such notable dining establishments as its flagship Outback Steakhouse brand,...
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Darden Ditches Red Lobster Chain, Halts Expansion Of Olive Garden & LongHorn Steakhouse
Friday, December 20, 2013 - 12:27pm | 591After reporting Q2 14 EPS of $0.20, in line with the consensus and revenue of $2.05 billion, short of the $2.07 billion consensus estimate, Darden Restaurants (NYSE: DRI) said it planned to sell or spin off its 705 restaurant Red Lobster chain. Although Red Lobster has been a weak performer of...
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Darden Restaurants Shares at New Highs Following Earnings
Friday, September 21, 2012 - 10:56am | 642Darden Restaurants, Inc. (NYSE: DRI), which operates Red Lobster, Olive Garden and LongHorn Steakhouse restaurant chains, announced first quarter results for the three months ended August 26, 2012 showing earnings per share from continuing operations of $0.85, up 9 percent from the same period last...
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Darden Restaurants Earnings Preview: Double-Digit EPS Growth for Q3 Expected
Thursday, March 22, 2012 - 6:46am | 887Darden Restaurants (NYSE: DRI) is scheduled to report third-quarter fiscal 2012 results tomorrow, March 23, before the opening bell. Though revenue has risen in the past four quarters, the company's net income has fallen in each of the past two quarters. The question for investors is what effect...
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Darden Restaurants (DRI) Same-Store Sales And Earnings Up
Tuesday, March 23, 2010 - 6:31pm | 142Darden Restaurants, Inc. (NYSE: DRI), which operates the Olive Garden, Red Lobster and LongHorn Steakhouse chains, reported that during its fiscal 3rd quarter, same-store sales were up 1.3%, or 0.5% if Thanksgiving week is not counted, an improvement over last year's industry-wide 4.3% decline....