19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 24 min ago
- Bias Distribution
- 100% Left
Darden Restaurants Inc., the owner of Olive Garden, has announced a new delivery partnership with Uber Technologies, causing its shares to rise by about 7% in premarket trading. The pilot for this service will begin at select Olive Garden locations in late 2024, with plans for a nationwide rollout by May 2025. Despite this positive development, Darden reported a decline in same-store sales of 2.9% for Olive Garden and 6% for its fine dining restaurants, attributed to decreased customer traffic amid inflation concerns. The company maintained its full-year guidance but acknowledged a significant drop in customer numbers in July, leading to lower-than-expected earnings for the first quarter. Darden's revenue for the quarter was $2.76 billion, below analyst expectations of $2.80 billion. CEO Rick Cardenas emphasized the importance of addressing customer demand for delivery without compromising the dining experience.
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 24 min ago
- Bias Distribution
- 100% Left
19Negative
Serious
Neutral
Optimistic
Positive
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