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Darden s Guidance Shows Fine Dinning Has Lost To Fast Food Indulgences - Darden Restaurants (NYSE:DRI)

On Thursday, the owner of the Olive Garden chain reported its fiscal fourth quarter earnings that topped Wall Street estimates.

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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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Olive Garden owner Darden (DRI) slips as difficult inflationary environment weighs on profit outlook

Olive Garden owner Darden (DRI) slips as difficult inflationary environment weighs on profit outlook
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Darden expects tepid annual profit as restaurant visits slow

June 22 (Reuters) - Darden Restaurants, owner of the Olive Garden chain, on Thursday forecast annual profit largely below Wall Street estimates, and predicted that beef and produce costs will cut into margins w.

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Darden Restaurants Reports Fiscal 2023 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; And Provides Fiscal 2024 Outlook

/PRNewswire/ Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 28, 2023. Fourth.

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