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Orlando, Florida-based Darden Restaurants, Inc. (DRI) owns and operates full-service restaurants in North America. With a market cap of $17.1 billion, Darden Restaurants operates various brands, including Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Seasons 52, Capital Burger, and more.
The restaurant major has substantially underperformed the broader market over the past year. Over the past 52 weeks, DRI dropped 5.6% compared to the S&P 500 Index’s ($SPX) 28.3% returns. In 2024 alone, DRI dipped 8.9% versus SPX’s 17.6% gains on a YTD basis.
