Olive Garden Parent Hits All-Time High as Market Rally Gathers Steam

分组1 - Darden Restaurants reported quarterly earnings of $2.80 per share, slightly below the Zacks Consensus Estimate of$2.81, with sales of $3.16 billion, a 6.2$1.33 billion, indicating that consumer sentiment changes are not significantly affecting dining out spending [8][9] - Darden's management provided optimistic guidance, forecasting same-store sales growth of 3% and a profit of $2.93 per share for the current quarter, reflecting a 10.6% increase compared to the same quarter last year [9][12] 分组2 - Darden operates over 2,100 locations across the United States and Canada, with a portfolio that includes casual dining chains like Olive Garden and LongHorn Steakhouse, as well as fine dining establishments [7] - The company has a partnership with Uber for Olive Garden and is piloting a new program for Cheddar's Scratch Kitchen locations, which could enhance delivery services [10] - Market participants are optimistic about Darden's future performance, as evidenced by the stock reaching an all-time high despite mixed earnings results [10][12]