The Latest Breaking News from DRI

Darden Restaurants (NYSE:DRI) has outperformed the market over the past 20 years by 1.53% on an annualized basis producing an average annual return of 8.62%. Currently, Darden Restaurants has a market capitalization of $17.00 billion.

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…

The FDA approved CTI BioPharma Corp's (NASDAQ:CTIC) Vonjo (pacritinib) for treating adult patients with myelofibrosis, a type of bone marrow cancer with low blood platelets count. Pacritinib is a JAK inhibitor and will compete with Incyte Corporation's (NASDAQ:INCY) Jakafi and Bristol Myers Squibb's Co (NYSE:BMY) Inrebic, which were approved in 2011 and 2019, respectively for myelofibrosis. CTI…

MUMBAI: A 43-year-old Nigerian national, who smuggled 216 grams of cocaine inside his body, was arrested by the directorate revenue of intelligence (DRI) on Sunday in Mumbai.

If history is any guide, there may be trouble ahead for shares of Darden Restaurants (NYSE:DRI). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

The restaurant industry is well-positioned for a solid rebound. Therefore, amid heightened market volatility on concerns about looming interest rate hikes, we think it could be wise to bet on dividend-paying restaurant stocks Darden Restaurants (DRI), Dine Brands (DIN), and Ruth’s Hospitality (RUTH) to ensure a steady portfolio income stream.…