Profile
Sector:
Consumer CyclicalIndustry:
RestaurantsCountry:
United StatesIPO:
09 May 1995Website:
http://www.darden.comNext earnings report:
20 September 2024Last dividends:
09 April 2024Next dividends:
10 July 2024Price
after hours | Wed, 03 Jul 2024 20:29:25 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
DRI Latest News
Smart investors will watch restaurant stocks since the business is estimated to generate over $1 trillion in 2024. The industry is expected to gain 200,000 jobs this year, reaching 15.7 million.
Darden (DRI) intends to enhance its internal digital media capabilities to drive traffic and growth. However, inflationary pressures are a concern.
Darden Restaurants‘ (NYSE: DRI) recent earnings report revealed mixed results, with Olive Garden struggling to grow same-store sales.
Darden Restaurants CEO Rick Cardenas said high prices at fast food restaurants are benefitting casual sit-down restaurants, like his competitors Chili's Grill & Bar and Applebee's.
Popular Italian restaurant chain Olive Garden expects to raise prices "more in line with inflation" moving forward, parent company Darden said in its earnings call this week.
Darden Restaurants, Inc. DRI on Thursday reported better-than-expected results for its fourth quarter.
Darden Restaurants CEO Rick Cardenas said there's been a small shift from fast food to casual dining. American fast-food consumers have expressed frustration with rising prices.
“We're not going to do things to buy sales even with the increasing discounting our competitors are doing,” the chain's CEO said. “Our focus is on profitable sales growth.
Darden Restaurants saw its same-store sales slip at its fine dining locations amid consumers' concerns about inflation and the job market.
Darden Restaurants, Inc. NYSE: DRI is a dominant player in the full-service dining sector. Darden operates a diverse portfolio of restaurant brands familiar to many Americans.
What type of business is Darden Restaurants?
Darden Restaurants, Inc. is a restaurant business operator in the United States that owns the largest full-service restaurant chain. The company was founded in 1968. The administrative offices and restaurant support center are located in Orlando, Florida. The Darden Restaurants network consists of 1804 restaurants located in all 50 states of the USA and Canada. The network's restaurants operate under the full-service restaurant format under the brands: Olive Garden, Longhorn Steakhouse, Yard House, Capital Grille, Seasons 52, Bahama Breeze, Eddie V'S, Cheddar'S Scratch Kitchen. In addition to the restaurant business, Darden Restaurants licenses the sale and distribution of several products, including Olive Garden salad dressings, salad croutons, and LongHorn Steakhouse seasoning.
What sector is Darden Restaurants in?
Darden Restaurants is in the Consumer Cyclical sector
What industry is Darden Restaurants in?
Darden Restaurants is in the Restaurants industry
What country is Darden Restaurants from?
Darden Restaurants is headquartered in United States
When did Darden Restaurants go public?
Darden Restaurants initial public offering (IPO) was on 09 May 1995
What is Darden Restaurants website?
https://www.darden.com
Is Darden Restaurants in the S&P 500?
Yes, Darden Restaurants is included in the S&P 500 index
Is Darden Restaurants in the NASDAQ 100?
No, Darden Restaurants is not included in the NASDAQ 100 index
Is Darden Restaurants in the Dow Jones?
No, Darden Restaurants is not included in the Dow Jones index
When does Darden Restaurants report earnings?
The next expected earnings date for Darden Restaurants is 20 September 2024