Olive Garden parent Darden Restaurants raises annual sales forecast

Dec 19, 2024 · Darden Restaurants raised its annual sales forecast on Thursday, banking on higher menu prices and more people dining at its chains including LongHorn Steakhouse and …

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Darden Restaurants Revises Fiscal 2025 Outlook To $12.1bn In Sales

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Dec 20, 2024 · The company has updated its full-year financial forecast for fiscal 2025 and now shows projected total sales of $12.1bn. It anticipates same-restaurant sales growth of 1.5% …

verdictfoodservice.com

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Darden Restaurant Hits Record High After Raising Annual Sales …

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Dec 19, 2024 · ** Darden Restaurant shares DRI rise as much as 18.1% at $188.82, a record high, in early trade ** Olive Garden restaurant owner raises FY25 total sales forecast to $12.1 …

tradingview.com

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Darden Restaurants Raises Annual Sales Forecast On Diner ... - Nasdaq

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Mar 23, 2023 · Shares of the company rose about 1.5% to $153.30 in premarket trading. Darden now expects its full-year sales to be between $10.45 billion and $10.50 billion, above its prior …

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Darden Restaurants EPS Surges 10.3% | The Motley Fool

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Dec 19, 2024 · Total sales rose 6.0% to $2.9 billion, with same-restaurant sales up 2.4%. Adjusted earnings per share (EPS) increased by 10.3% to $2.03, excluding Chuy's integration …

fool.com

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Darden Restaurants Stock Soars 14% After Strong Q2 Earnings And ...

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Dec 20, 2024 · Darden Restaurants has captured attention with a remarkable 14% stock surge following a stellar Q2 performance, reporting $2.89 billion in sales and raising its 2025 revenue …

folikoinsights.com

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Olive Garden-owner Darden Hikes Sales Forecast; Shares Jump

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Dec 19, 2024 · STORY: Shares of Darden Restaurants soared as much as 18% on Thursday after the company raised its annual sales forecast...as holiday diners flock to its popular …

yahoo.com

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Darden Stock Surges As LongHorn Steakhouse Strength Powers …

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Dec 19, 2024 · Shares of Darden Restaurants surged 14% Thursday to lead S&P 500 gainers as the company's fiscal 2025 second-quarter sales and adjusted profit beat expectations on …

investopedia.com

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Darden Restaurants: Yet To Price In The Dine-In Recovery

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Aug 21, 2020 · At OG (Olive Garden), Darden’s leading brand, that made up ~52% of the company sales in 2019 with ~48% of systemwide outlets, To Go sales for the week ending …

seekingalpha.com

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Darden Restaurants Cuts Annual Sales Forecast On Slowing Demand

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Mar 21, 2024 · For fiscal 2024, Darden expects same-store sales growth of 1.5% to 2%, down from 2.5% to 3% it forecast previously. Analysts on average estimate growth of 2.73%, as per …

reuters.com

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Where We Serve | Our Impact | Darden Restaurants

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Up to 2% cash back · Doing Business with Darden; Site Selection Criteria; International Franchising; Our Impact. Read Our 2024 Impact Report. submenu; Our Team Members. …

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Darden Restaurant Rises On Raising Annual Sales Forecast

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Dec 19, 2024 · ** Darden Restaurant shares NYSE:DRI rise about 8% at $174.40 premarket** Olive Garden restaurant owner raises FY25 total sales forecast to $12.1 bln, above its prior …

tradingview.com

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Darden Restaurants: A Leader In The Full-Service Restaurant Industry

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Up to 2% cash back · Darden Restaurants is the premier full-service dining company, operating over 1,800 locations. Learn about our company, buy gift cards, search careers and …

FAQs about Olive Garden parent Darden Restaurants raises annual sales forecast Coupon?

Why did Darden Restaurants raise its annual sales forecast?

Darden Restaurants raised its annual sales forecast on Thursday, banking on higher menu prices and more people dining at its chains including LongHorn Steakhouse and Olive Garden in the holiday season, sending its shares up about 9% premarket. ...

How much will Darden Street's restaurant sales grow?

The Street is looking for sales of $11.96 billion. Same-restaurant sales growth is now expected to be around 1.5 percent, compared to previous growth view of 1.0 percent to 2.0 percent. Darden now expects new restaurant openings of 50 to 55, up from the 45 to 50 openings expected earlier. ...

How did Darden Restaurants perform in pre-market activity?

(RTTNews) - Shares of Darden Restaurants Inc. were gaining more than 9 percent in the pre-market activity on the NYSE after the company maintained its fiscal 2025 earnings view, and lifted sales forecast to reflect the recently acquired Chuy's operating results. In its second quarter, profit and sales increased and beat market estimates. ...

Why did Darden's sales rise 2%?

Same-store sales at Olive Garden rose 2% after three straight quarters of decline. And sales at the company's LongHorn Steakhouse chain rose 7.5%. Higher menu prices combined with steady foot traffic have helped Darden maintain profits, even in the face of rising costs - which include elevated meat prices and higher worker wages. ...

How did Darden's price hikes affect sales?

Darden's sequential price hikes, combined with steady demand and footfall, have helped the restaurant chain maintain profits, even as costs, including the prices of meat and labor, have risen. For the full year, the company expects sales of about $12.1 billion, compared with the previous $11.8 billion to $11.9 billion forecast. ...

How many new restaurants will Darden have?

Darden now expects new restaurant openings of 50 to 55, up from the 45 to 50 openings expected earlier. In its second quarter, Darden's bottom line totaled $215.7 million or $1.82 per share, compared to $212.3 million, or $1.76 per share last year. ...