Darden's Guidance Shows Fine Dinning Has Lost To Fast Food Indulgences

On Thursday, the owner of the Olive Garden chain reported its fiscal fourth quarter earnings that topped Wall Street estimates. However, the annual profit that Darden Restaurants Inc (NYSE: DRI) forecasted was largely below what Wall Street had expected with a clear warning of a slowdown in fine dining that is getting beaten by fast food chains like McDonalds Corporation (NYSE: MCD) and Chipotle Mexican Grill (NYSE: CMG). Before its earnings report, the stock had been approaching its all-time hi

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