Darden Stock Surges as LongHorn Steakhouse Strength

Dec 19, 2024 · Shares of Darden Restaurants surged 14% Thursday as the company's second-quarter sales and adjusted profit beat expectations on strong LongHorn Steakhouse results.

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Darden Stock Surges As LongHorn Steakhouse Strength

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Dec 19, 2024 · Shares of Darden Restaurants surged 14% Thursday as the company's second-quarter sales and adjusted profit beat expectations on strong LongHorn Steakhouse results.

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Darden Restaurants Cooked Up An 18% Gain With Sizzling 2025 …

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Dec 19, 2024 · Darden Restaurants' shares soared as much as 18% after robust second-quarter results. Longhorn Steakhouse and Olive Garden showed solid same-store sales growth. A …

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Darden Restaurants Stock Climbs As Olive Garden, LongHorn …

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Dec 19, 2024 · LongHorn Steakhouse reported same-store sales growth of 7.5%. The casual-dining chain has been a top performer in Darden's portfolio in recent years, winning over …

nbcnewyork.com

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Darden Restaurants Q2 Earnings Surge: LongHorn Steakhouse …

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Dec 19, 2024 · Darden Restaurants (NYSE:DRI) reported strong Q2 FY2025 results with total sales increasing 6.0% to $2.9 billion, driven by a 2.4% same-restaurant sales growth and the …

stocktitan.net

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People Can’t Get Enough Of LongHorn Steakhouse And Olive Garden

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Dec 19, 2024 · LongHorn sustained its momentum and posted same-store sales growth of 7.5%, outperforming the other chains that Darden owns. The affordable steakhouse chain is on fire …

cnn.com

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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 …

marketwatch.com

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S&P 500 Gains And Losses Today: Darden Restaurants Stock

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Dec 19, 2024 · The S&P 500 slipped 0.1% on Thursday, Dec. 19, 2024, as stocks struggled to recover from the prior day's sell-off despite upbeat data on economic growth.

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Darden Restaurants Stock Rises Thanks To Olive Garden And …

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Dec 24, 2024 · Similarly, Darden’s revenue reached $2.89 billion, surpassing the anticipated $2.9 billion. These positive figures showcased the company’s ability to deliver strong financial …

businesstv.net

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Darden Restaurants (DRI) Gets A Buy From Evercore ISI

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22 hours ago · In a report released today, David Palmer from Evercore ISI maintained a Buy rating on Darden Restaurants (DRI – Research Report), with a price target of $220.00. The …

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FAQs about Darden Stock Surges as LongHorn Steakhouse Strength Coupon?

Does Darden Restaurants own Olive Garden and LongHorn Steakhouse?

Darden Restaurants, which owns Olive Garden and LongHorn Steakhouse, reported better-than-expected sales at those two chains, helping propel its stock 9% higher in premarket trading Thursday. LongHorn sustained its momentum and posted same-store sales growth of 7.5%, outperforming the other chains that Darden owns. ...

Does Darden own Longhorn?

LongHorn sustained its momentum and posted same-store sales growth of 7.5%, outperforming the other chains that Darden owns. The affordable steakhouse chain is on fire this year as it maintained lower prices and, as a result, attracted price-conscious consumers. ...

Which Darden Restaurants have a good performance?

LongHorn Steakhouse was the best performer among all Darden restaurants, with a 7.5% increase in same-store sales. Analysts had estimated a rise of 4.1%. LongHorn was also the only Darden chain whose same-restaurant sales increased in the previous quarter. Darden’s worst performer was its fine dining segment, where same-store sales fell 5.8%. ...

Why are Darden Restaurants shares soaring today?

This article Why LongHorn Steakhouse Owner Darden Restaurants Shares Are Surging Today originally appeared on Benzinga.com. Darden Restaurants, Inc. (NYSE:DRI) shares are trading higher after the company reported better-than-expected fourth-quarter FY24 adjusted EPS results and increased quarterly dividend. ...

How did Darden Restaurants perform on same-store sales?

Same-store sales—a crucial barometer for retailers’ and restaurants’ performance—blew past estimates with a gain of 2.4%, compared with the 1.5% increase the Street expected. LongHorn Steakhouse was the best performer among all Darden restaurants, with a 7.5% increase in same-store sales. Analysts had estimated a rise of 4.1%. ...

Is Darden a good Steakhouse?

The affordable steakhouse chain is on fire this year as it maintained lower prices and, as a result, attracted price-conscious consumers. At Olive Garden, Darden’s largest chain in terms of revenue, same-store sales rose 2% and beat analysts’ expectations. ...