The Latest Breaking News from Darden

The Dow Jones rose Thursday after a surprise drop in first-time jobless claims. Block shares plunged 22% after a short seller report.

Many big U.S. businesses say they have been able to increase prices this year with limited pushback from customers. Not all the changes are leading to higher corporate profits.

With food inflation still surging, up 8% for the twelve months ended August, and the Russia-Ukraine war adding to global food constraints, it's easy to see why restaurant brands and operators are experiencing diminishing margins on their bottom line.

Analysts at BofA Securities initiate coverage of Texas Roadhouse Inc. (NASDAQ: TXRH) and Darden Restaurants Inc.

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

Deutsche Bank has decided to maintain its Hold rating of Darden Restaurants (NYSE:DRI) and lower its price target from $152.00 to $124.00. Shares of Darden Restaurants are trading up 2.6% over the last 24 hours, at $118.60 per share.

Investors who are waiting for rising inflation and interest rates to have a negative impact on a company’s earnings will have to wait a few quarters in Darden Restaurants, Inc. (NYSE: DRI).

Darden Restaurants Inc (NYSE:DRI) reported fourth-quarter FY22 sales growth of 14.2% year-on-year to $2.60 billion, beating the consensus of $2.54 billion. Same-restaurant sales increased 11.7% versus last year. Olive Garden sales increased 8.2%, LongHorn Steakhouse climbed 13.2%, and Fine Dining jumped 40.7%. Darden clocked an operating margin of 13%, and the operating income…

Darden Restaurants Inc (NYSE: DRI) shares are trading higher Thursday morning after the company reported better-than-expected financial results, issued guidance above analyst estimates and announced a buyback.

It's profitable and revenues are rising, but Real Money Columnist Stephen 'Sarge' Guilfoyle found something else that concerns him.

Using a key business metric can help determine if management is doing well with your money.