Olive Garden's parent company is betting on a new deal with Uber to revive its pasta empire [Fortune]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Fortune
The restaurant operator plans to offer nationwide delivery for Olive Garden through a two-year partnership with Uber by May next year, according to a statement Thursday. A pilot at a limited number of stores is planned for late this year. The deal signals Darden, which had previously resisted allowing its food to be widely delivered by third-party apps, is trying to attract cash-strapped consumers after seeing a “significant” drop in customers in July. Darden shares rose as much as 9% in New York, the most intraday since September 2021. Business picked up at Olive Garden after it extended its Never Ending Pasta Bowl promotion by four weeks, Darden Chief Executive Officer Rick Cardenas said on the company's earnings call, starting it in late August rather than late September. Cardenas said all of Darden's brands began recovering in August. The recovery led Darden to maintain its full-year guidance, according to a statement Thursday. Revenue for the first quarter was $2.76 bill
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UBER
Earnings
- 10/31/24 - Beat
UBER
Sec Filings
- 11/7/24 - Form 144
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- UBER's page on the SEC website