Darden Restaurant Sales Grow Despite Fine Dining Pullback

Dec 19, 2024 · While sales were up 7.5% at LongHorn and 2% for Olive Garden, sales for the company’s fine dining restaurants — Ruth’s Chris Steak House, Eddie V’s Prime Seafood and …

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Darden Restaurant Sales Grow Despite Fine Dining Pullback

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Dec 19, 2024 · While sales were up 7.5% at LongHorn and 2% for Olive Garden, sales for the company’s fine dining restaurants — Ruth’s Chris Steak House, Eddie V’s Prime Seafood and …

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Americans Are Ordering Steaks But Passing On Fine Dining, Says …

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Dec 19, 2024 · Earnings Results Americans are ordering steaks but passing on fine dining, says Olive Garden’s owner LongHorn’s same-store sales rise 7.5%, well ahead of its year-ago …

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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 …

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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 …

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Darden Shares Jump As Outlook Signals Diners Are Returning

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Dec 19, 2024 · Darden Restaurants Inc. shares gained as much as 9.5% in premarket trading after the Olive Garden-owner’s raised full-year sales outlook topped estimates. ... Darden has …

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Darden Restaurants Earnings Disappoint As Olive Garden, Fine …

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Sep 19, 2024 · Despite the gloomy quarter, Darden reiterated its full-year outlook. For fiscal 2025, the company is forecasting earnings per share from continuing operations of $9.40 to $9.60 …

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Americans Are Ordering Steaks But Passing On Fine Dining, Says

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Darden plans to to maintain its pace of 50 to 55 restaurant openings in 2025, flat with its year-ago level. Prior to Thursday’s moves, Darden’s stock had fallen 2.7% in 2025, while the S&P 500 ...

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

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Dec 20, 2024 · LongHorn Steakhouse sales grew 7.5%, while fine dining saw a 5.8% decline in same-restaurant performance in Q2 of fiscal 2025. Credit: Jonathan Weiss/Shutterstock. US …

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Darden Restaurants' Business Confidence Remains Intact Despite …

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Sep 25, 2024 · Moreover, Olive Garden reported that same-store sales contracted by 2.9% while fine dining suffered an even sharper drop of 6%. The only chain to report sales growth was …

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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 …

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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. …

FAQs about Darden Restaurant Sales Grow Despite Fine Dining Pullback Coupon?

Does Darden own Olive Garden?

Darden owns Olive Garden as well as other chains, including fine-dining restaurants Eddie V’s and The Capital Grille. The company reported overall sales in the quarter were up 6.4% to $2.8 billion. Same-restaurant sales grew 4%, but that figure for just the fine-dining restaurants fell 1.9%. ...

How many employees does Darden Restaurants have?

We are proud to employ 190,000 team members in more than 2,000 restaurants. Together, we are committed to making a positive impact in the communities we serve. Darden Restaurants is the premier full-service dining company, operating over 1,800 locations. Learn about our company, buy gift cards, search careers and more. ...

How much did Darden Restaurants stock gain in premarket trading?

Darden Restaurants Inc. shares gained as much as 9.5% in premarket trading after the Olive Garden-owner’s raised full-year sales outlook topped estimates. ...

What restaurants does Darden Restaurants own?

Source: SEC filings. Darden Restaurants operates a diverse portfolio of dining brands, including Olive Garden, LongHorn Steakhouse, and Ruth’s Chris Steakhouse. This diversity allows the company to cater to various customer preferences while minimizing risks associated with changing market dynamics. ...

Why is Darden a pullback?

However, Darden has seen a pullback among diners making $150,000 or less, affecting fine-dining brands like The Capital Grille, Cardena said. Demand is expected to return in 2025 after persistent inflation and weak consumer spending hurt the casual dining industry, according to Bloomberg Intelligence. ...

How did Darden Restaurants perform in the fine dining segment?

The fine dining segment saw a 5.8% decline in same-restaurant sales, raising concerns over economic sensitivities. Darden Restaurants delivered solid financial performance in its latest earnings, though it faced challenges in its fine dining segment and rising operational costs. ...