Olive Garden strikes a deal with Uber to deliver its food [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
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Source: Yahoo! Finance
Darden Restaurants, the chain's parent company, announced Thursday an “exclusive multi-year delivery partnership” with Uber that will begin later this year at a limited number of Olive Garden locations and likely expand nationally to its more than 900 locations next May if the pilot is successful. Olive Garden already offers delivery through its website and app, delivered by the restaurant's employees. Moving forward, the chain will outsource the delivery to Uber Eats drivers. However the restaurant still won't be available on the the Uber Eats app and food can only be ordered on Olive Garden's website and app. “Guests have been asking us for home delivery options and they continue to show they are willing to pay for the convenience,” said Darden CEO Rick Cardenas in a press release. He added Uber was a “clear choice” for a partnership because it's giving the chain guest data and insights that doesn't hamper its “competitive advantages and simple operating model.” Darden has sh
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UBER
Earnings
- 8/6/24 - Beat
UBER
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- 9/18/24 - Form 4
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- UBER's page on the SEC website