Olive Garden parent company shrugs off concerns of plummeting consumer confidence because restaurant goers continue ‘to treat themselves and splurge' [Fortune]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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Source: Fortune
Investors were able to look past a lackluster quarter because the company said it wasn't affected by declines in consumer confidence. How does a restaurant conglomerate that relies on customers' discretionary income earn a minor stock rally during a period of declining consumer confidence? By showing Wall Street that while consumers might be worried, they're still hungry. Darden Restaurants , the parent company of popular chains like Olive Garden and Longhorn's Steakhouse, saw its stock pop as much as 7% on Thursday after executives said during its third-quarter earnings call it had, so far, been impervious to mounting consumer fears. Any worries about an impending economic downturn weren't stopping customers from going out to eat. “Even if people say they're feeling less optimistic, we haven't seen a huge correlation between that and dining out,” Darden CEO Rick Cardenas said during the earnings call. “So changes in consumer sentiment haven't necessarily translated to material
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News
- Why Cracker Barrel (CBRL) Stock Is Trading Lower Today [Yahoo! Finance]Yahoo! Finance
- Darden Restaurants (NYSE:DRI) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Darden Restaurants (NYSE:DRI) had its "overweight" rating reaffirmed by analysts at KeyCorp.MarketBeat
- Darden Restaurants (NYSE:DRI) had its "outperform" rating reaffirmed by analysts at Sanford C. Bernstein.MarketBeat
- Darden Restaurants (NYSE:DRI) had its "hold" rating reaffirmed by analysts at Cowen Inc.MarketBeat
DRI
Earnings
- 12/18/25 - Miss
DRI
Sec Filings
- 12/18/25 - Form 8-K
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- DRI's page on the SEC website