Wall Street expects a year-over-year increase in earnings on higher revenues when Darden Restaurants (DRI) reports results for the quarter ended August 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Septe ...

ORLANDO, Fla., Aug. 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2025 first quarter financial results before the market opens on Thursday, September 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss first quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. ...

Darden Restaurants (DRI) shares rallied 3.7% in the last trading session to close at $155.15. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.2% gain over the past four weeks. Darden's stock rally is driven by optimism surrounding the earlier-than-expected return of its popular Never Ending Pasta (NEP) promotion. The company plans to roll it out on August 26 for all customers. The launch allows the promotio ...

Oat_Phawat/iStock via Getty Images Contextualization We are seeing a red sea of blood. Talking about this again is like beating a dead horse, just look at the market in the last few days. In addition to overstretched valuations and, specifically in relation to the industry I cover, slow traffic, historically high operating costs, and price wars are amplifying a correction in the market that has some deeper roots. The first and most obvious was the latest jobs report that triggered the much-cited 'Sahm Rule' ...

OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 26, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13666 DARDEN RESTAURANTS, INC. (Exact name of Registrant as specified in its charter) Florida 59-3305930 (IRS Employer Identification No.) (S ...

Chuy's owns and operates full-service restaurants, serving a distinct menu of made-from-scratch Tex-Mexinspired dishes. This new dining category induces optimism in Darden as it believes this will diversify its offerings portfolio and help reach out to new customers in the market. Darden is expected to acquire Chuy's in an all-cash transaction with a total transaction enterprise value of approximately $605 million, upon the unanimous approval from the board of directors of both the companies. Darden expects ...

"Based on our criteria for adding a brand to the Darden portfolio, we believe Chuy's is an excellent fit that supports our winning strategy," Darden CEO Rick Cardenas said in a statement. "I am excited to welcome their 7,400 team members to Darden and diversify the Darden portfolio into a new dining category." Chuy's generated total revenues of over $450 million in its latest twelve months ending March 31, according to the release. The company, founded in Austin, Texas in 1982, has 101 restaurants in 15 sta ...

ORLANDO, Fla. and AUSTIN, Texas, July 17, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Chuy's Holdings, Inc. ("Chuy's") (Nasdaq: CHUY), jointly announced today that they have entered into a definitive agreement pursuant to which Darden will acquire all of the outstanding shares of Chuy's for $37.50 per share, in an allcash transaction with an enterprise value of approximately $605 million. Chuy's will complement Darden's portfolio of iconic brands, which currently includes Olive G ...

Darden Restaurants, Inc. (NYSE:DRI) stock is muted after Jefferies downgraded the Olive Garden parent to "underperform" from "hold" and slashed its price target by $30 to $124. The analyst said the company could lose market share in a "more promotional" environment, and cited potential challenges for DRI's near-term fundamentals. Darden stock has had a rough go of it on lately. While last seen marginally higher, the shares are currently mired in an 11-day losing streak. Now trading at its lowest level since ...

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