Olive Garden-owner Darden hikes sales forecast; shares jump

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 restaurants, including Olive ...

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Olive Garden-owner Darden Hikes Sales Forecast; Shares Jump

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Olive Garden-owner Darden Hikes Sales Forecast; Shares Jump

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Dec 19, 2024 · 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 …

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Olive Garden Owner Darden Hikes Sales Forecast; Shares Jump

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

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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 …

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Olive Garden-owner Darden Partners With Uber For Delivery; Shares …

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Olive Garden-owner Darden Restaurants ... sending its shares up about 7% in premarket ... as the company reiterated its annual forecasts. Same-store sales at its Olive Garden business fell …

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Olive Garden Parent Darden Lifts Outlook As 2Q Sales Climb

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The Orlando, Fla., owner of Olive Garden, Longhorn Steakhouse and other sit-down restaurants now project $12.1 billion in sales this fiscal year, up from its previous guidance of between …

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Olive Garden Owner Darden Restaurants Reports 6% Sales …

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Dec 19, 2024 · Darden Restaurant Inc.'s shares soared 15% Thursday as it reported better-than-expected same-store sales for the fiscal second quarter, driven by Olive Garden and …

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Olive Garden Parent Darden Restaurants Raises Annual Sales Forecast

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Dec 19, 2024 · 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. Same-store sales at the Olive Garden chain …

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Darden Stock Surges As LongHorn Steakhouse Strength Powers …

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Dec 19, 2024 · Darden—which operates LongHorn, Olive Garden, Ruth's Chris, and other restaurant chains—recorded net income of $215.1 million, or $1.82 per share, on revenue of …

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FAQs about Olive Garden-owner Darden hikes sales forecast; shares jump 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 higher. Lisa Bernhard has more. What is ‘coffee badging?’ New workplace trend seen as protest to return-to-office push ...

What fueled Olive Garden's 6% sales increase?

Olive Garden Owner Darden Restaurants Reports 6% Sales Increase: 'Executing At The Highest Level' The company said results were fueled by same-store sales at Olive Garden and LongHorn Steakhouse Darden Restaurant Inc., the parent company of Olive Garden, reported better-than-expected same-store sales for the fiscal second quarter. ...

Who owns Olive Garden?

Olive Garden-owner Darden hikes sales forecast; shares jump News Today's news US Politics World Tech Reviews and deals Audio Computing Gaming Health Home Phones Science TVs Climate change Health Science Originals The 360 Newsletters Life Health COVID-19 Fall allergies Health news Mental health Relax Sexual health Studies ...

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. ...

Why did Olive Garden's first quarter earnings fall?

"The significant step down in traffic during July, led to our first quarter earnings being lower than expected," said CFO Raj Vennam, as the company reiterated its annual forecasts. Same-store sales at its Olive Garden business fell 2.9%, while they fell 6% in its fine dining restaurants. ...

How much will Olive Garden make a year?

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. Same-store sales at the Olive Garden chain rose 2% after three consecutive quarters of decline. ...