The Latest Breaking News from Darden

Meet Matt Ganyard, Virginia’s 34-year-old kicker and former Marine Corps helicopter pilot

It took 16 years, but the father of two finally made it onto the gridiron.

USA Today Sports Media Group · Sep 1, 2023

Darden Restaurants finishes $715 million Ruth’s Chris deal

The Orlando, Florida-based owner of Olive Garden and other chains has finished its $715 million deal to buy Winter Park, Florida-based Ruth’s Hospitality Group.

Orlando Sentinel · Jun 14, 2023

Price Hikes Don't Necessarily Translate to Higher Profits

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.

Bangkok Post · Oct 11, 2022

PreMarket Prep Stock Of The Day: Will The Darden Restaurants Earnings Pop Last?

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).

Benzinga · Jun 23, 2022

Earnings Beat, Dividend Hike, New Buyback: Darden Restaurants' Q4 Highlights

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…

Benzinga · Jun 23, 2022

Why Darden Restaurants Stock Is On The Move Today

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.

Benzinga · Jun 23, 2022

Analysts Slash Price Target On This Restaurant Company Post Q3 Results

Credit Suisse analyst Lauren Silberman lowered the price target on Darden Restaurants Inc (NYSE:DRI) from $180 to $175 and maintained Outperform rating on the shares. The revised price target implies a 34% upside. While the analyst acknowledged the concerns about the discretionary nature of casual dining, she believes Darden is well-positioned to wade through near-term…

Benzinga · Mar 25, 2022

Omicron leads to 13,000+ Darden employees out sick in January

Darden Restaurants was hit hard by the omicron variant of the coronavirus pandemic in January, with more than 13,000 employees missing work that month, company leaders revealed Thursday.

Orlando Sentinel · Mar 24, 2022

Darden Restaurants' Q3 Earnings Miss Estimates Bitten By Omicron

Darden Restaurants Inc (NYSE:DRI) reported third-quarter FY22 sales growth of 41.3% year-on-year, to $2.45 billion, missing the consensus of $2.51 billion. Same-restaurant sales increased 38.1%. Darden clocked an operating margin of 12.3%, and the operating income jumped 103.4% Y/Y to $301 million. EBITDA was $395 million. EPS of $1.93 missed the consensus of…

Benzinga · Mar 24, 2022

5 Stocks To Watch For March 24, 2022

Some of the stocks that may grab investor focus today are: Wall Street expects Darden Restaurants, Inc. (NYSE: DRI) to report quarterly earnings at $2.12 per share on revenue of $2.51 billion before the opening bell. Darden shares gained 1.7% to $133.10 in after-hours trading.

Benzinga · Mar 24, 2022