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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 ...

Uber has announced the nationwide launch of two features designed to improve the safety of drivers: rider verification and the ability to record video and audio during trips with their smartphones. Both features have been tested in pilot programs and will now be made available in all 50 states, the company said in a Tuesday (Sept. 17) blog post. The rider verification feature will go live nationwide Wednesday (Sept. 18), according to the post. It will enable drivers to see a new "Verified" rider badge for r ...

Uber Technologies Inc. UBER stock has had an impressive run this year, up a stellar 25.37% year-to-date and a whopping 57.36% in the past year. The ride-hailing giant continues to dominate its competition, but some technical indicators suggest a potential slowdown as the stock nears a Death Cross. Yet, bulls remain undeterred, betting on Uber's unique position in the market. Chart created using Benzinga Pro Uber Expanding Safety Features On the operational front, Uber has expanded its safety features, rolli ...

I recommended a buy when I last wrote about Uber Technologies (NYSE: UBER ) on April 24, 2024. The company has several things going for it. With the best technology in the ride-hailing industry, it provides the best ride I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to gravitate to Tec ...