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Olive Garden's owner sees stock surge as it gives upbeat sales forecast, discloses Uber delivery deal
New York Post· 2024-09-19 17:04
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 ...
Olive Garden Owner Sees Sales Rebound and Strikes Uber Delivery Deal. Its Stock Is Flying.
Investopedia· 2024-09-19 16:26
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 Owner Darden Jumps on Signs of Sales Rebound, Uber Eats Delivery Deal
Investopedia· 2024-09-19 15:25
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 ...
Darden and Uber Partner to Introduce On-Demand Delivery, with Olive Garden the First to Pilot
Prnewswire· 2024-09-19 11:05
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 to Launch Rider Verification and ‘Record My Ride' Nationwide
PYMNTS.com· 2024-09-17 19:36
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 Rides High, But Death Cross Signals Loom: Bulls Unfazed By Technical Risks
Benzinga· 2024-09-17 17:50
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 ...
Accelerating Profits: The Case For Investing In Uber's Growth
Seeking Alpha· 2024-09-17 13:02
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 ...
Uber: Waymo Jumpstarting Autonomous Upside
Seeking Alpha· 2024-09-17 07:02
Ilya S. Savenok/Getty Images Entertainment Investment Thesis Since going public in 2019, Uber (NYSE:UBER) has spent most of the last 5 years struggling to demonstrate profitability to the street. This changed in 2023 when the company made a post tech-bubble pop push to become profitable, therefore fundamentally changing the narrative around ride-hailing startups. Profits are good for any business, but I think this is just the beginning. Uber's management (and shareholders for that matter) know the key to se ...
Uber (UBER) Surges 6.5%: Is This an Indication of Further Gains?
ZACKS· 2024-09-16 12:55
Uber Technologies (UBER) shares soared 6.5% in the last trading session to close at $72.48. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.4% loss over the past four weeks. The uptick was owing to the expansion of UBER's partnership on Robotaxis with Waymo. The partnership has expanded to Austin and Atlanta. From early next year, riders in Austin and Atlanta can hail an autonomous Waymo Jaguar vehicle from within Uber, The exp ...
Uber: Commercialized Autonomous Driving Presents Significant Potential
Seeking Alpha· 2024-09-16 09:19
t th ri 5./15 WEST I continue to view Uber Technologies (NYSE:UBER) stock as a compelling Buy opportunity, with the company being on track to execute on a robust growth trajectory and strategic positioning in both ride-sharing and food delivery markets. In my view, the company's proven ability to drive revenue growth, improve profitability, and expand into new verticals is laudable. Additionally, Uber's strategy in commercializing autonomous driving presents significant potential for long-term value creatio ...