In my last article before Darden Restaurants (NYSE: DRI ) reported earnings , I wrote that Olive Garden might surprise you . It turns out it did, but not just for I'm an equity analyst specializing in restaurant stocks, with a solid background in Business Administration and Accounting. I also have an MBA in Forensic Accounting and Controllership.As the founder of Goulart's Restaurant Stocks, I lead a company that excels at analyzing restaurant stocks in the US market. Our approach covers a wide range of seg ...

The company has been reluctant to use third-party delivery in the past. Shares of Darden Restaurants (DRI 1.51%) jumped after the company inked a new partnership with Uber Eats, the food delivery service of Uber Technologies (UBER 1.04%). The news overshadowed the relatively lackluster, fiscal first-quarter results the company posted. Despite the Uber-fueled gains, the stock is still up only modestly on the year. Let's examine the restaurant operator's latest results and deal with Uber to see if the stock i ...

In the latest market close, Uber Technologies (UBER) reached $74.71, with a +1.04% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.15%. Coming into today, shares of the ride-hailing company had lost 0.48% in the past month. In that same time, the Computer and Technology sector lost 0.02%, while the S&P 500 gained 2%. The upcoming earnings release of Uber Technologies will be of great interest to ...

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Yesterday, Darden Restaurants, Inc. DRI reported first-quarter adjusted earnings per share of $1.75, missing the analyst consensus estimate of $1.83. Quarterly sales of $2.76 billion missed the street view of $2.80 billion. Analysts covering the company provided their takes: KeyBanc Capital Markets analyst Eric Gonzalez reiterated the Overweight rating on the stock, raising the price forecast to $194 from $170. BMO Capital Markets analyst Andrew Strelzik maintained the Market Perform rating, raising the pri ...

Darden Restaurants will start delivering Olive Garden food via Uber later this year. The corporate parent of the Italian chain and other restaurant brands said Thursday that it will do that as part of an "exclusive multi-year" delivery partnership it now has with Uber. The deal "will enable restaurant guests to order on-demand delivery via Darden restaurant channels, with delivery handled by Uber Direct, through Uber's national delivery network," Darden said in a press release. Later this year, Darden said ...

Olive Garden's parent company Darden Restaurants saw its stock surge 8.5% on Thursday after it said sales have lately recovered following a weak summer and announced a new delivery partnership with Uber. Darden reported weaker-than-expected earnings on Thursday, but it reaffirmed its full-year outlook and said sales have been improving since the quarter ended Aug. 25. "While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business," CEO Rick Cardenas said in ...

Key Takeaways Darden Restaurants shares surged Thursday after the Olive Garden owner reported improving sales trends after a decline in July. Darden also announced plans to pilot an exclusive delivery partnership between Olive Garden and Uber Eats. The company's earnings and revenue for the first quarter of fiscal 2025 came in slightly below analysts' estimates compiled by Visible Alpha after a hit to foot traffic in July. Darden Restaurants (DRI) shares surged Thursday after the Olive Garden owner reported ...

Key Takeaways Darden Restaurants shares surged Thursday after the Olive Garden owner reported improving sales trends after a decline in July. Darden also announced plans to pilot an exclusive delivery partnership between Olive Garden and Uber Eats. The company's earnings and revenue for the first quarter of fiscal 2025 came in slightly below analysts' estimates compiled by Visible Alpha after a hit to foot traffic in July. Darden Restaurants (DRI) shares surged Thursday after the Olive Garden owner reported ...

Olive Garden guests will soon have another option to enjoy their favorite dishes at home, with orders made through Olive Garden channels and delivery powered by Uber Direct; Custom integration preserves team member and guest experience, while growing first-party delivery demand ORLANDO, Fla. and SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) and Uber Technologies, Inc. (NYSE: UBER) have entered into an exclusive multi-year delivery partnership, set to begin with Olive Ga ...