News

Major U.S. equities indexes tore higher a day after the Federal Reserve announced a half-percentage-point reduction in its benchmark interest rate.

Darden Restaurants plans to start delivering Olive Garden food via Uber later this year, according to a Thursday announcement from the company.

Andy Barish and Phil Kafarakis look at why Darden Restaurants (DRI) missed in earnings and how its partnership with Uber Technologies (UBER) can signal a road to rebound for the company. As Phil explains, "this is more about relief on operations and borrowing costs" for Darden.

Brian Nowak, managing director at Morgan Stanley, joins 'The Exchange' to discuss Darden's partnership with Uber for delivery, the Uber-Waymo partnership expansion, and more.

DRI's first-quarter fiscal 2025 top line benefits from new restaurant openings. Yet, dismal same-restaurant sales dampen overall growth.

In an increasingly fast-paced dining landscape, Darden Restaurants is under pressure to improve operational efficiency across its diverse portfolio, which includes Olive Garden, LongHorn Steakhouse, and fine dining establishments like The Capital Grille. Darden Restaurants President and CEO Rick Cardenas acknowledged the need for speed during the company's first-quarter earnings call Thursday (Sept.

Darden reported weaker-than-expected earnings on Thursday, but it reaffirmed its full-year outlook and said sales have been improving.

Darden Restaurants, Inc. (NYSE:DRI ) Q1 2025 Results Conference Call September 19, 2024 8:30 AM ET Company Participants Courtney Aquilla - Investor Relations Rick Cardenas - President and Chief Executive Officer Raj Vennam - Senior Vice President and Chief Financial Officer Conference Call Participants Brian Bittner - Oppenheimer Brian Harbour - Morgan Stanley Jon Tower - Citi Eric Gonzalez - KeyBanc Capital Markets Jeffrey Bernstein - Barclays David Palmer - Evercore ISI David Tarantino - Baird Chris O'Cull - Stifel Jim Salera - Stephens Jake Bartlett - Truist Securities Katherine Griffin - Bank of America Peter Saleh - BTIG Gregory Francfort - Guggenheim Securities Jeff Farmer - Gordon Haskett Danilo Gargiulo - Bernstein Lauren Silberman - Deutsche Bank Andy Barish - Jefferies John Ivankoe - JPMorgan Jim Sanderson - North Coast Research Brian Vaccaro - Raymond James Operator Hello, and welcome to the Darden Fiscal Year 2025 First Quarter Earnings Call. Your lines have been placed on a listen-only mode until the question-and-answer session.

Darden Restaurants (DRI) shares surged Thursday after the Olive Garden owner reported improving sales trends after a decline in July and announced a new delivery pilot with Uber (UBER).

Darden Restaurants faced a challenging quarter with both revenue and earnings missing estimates, but favorable annual guidance and improving sales trends are driving the stock rally. Comparable sales were down overall, but LongHorn Steakhouse showed strong performance with a 3.7% increase, while other segments like Olive Garden and fine dining struggled. Despite the misses, Darden's dividend yield of 3.0% and ongoing share repurchases, coupled with expected future dividend increases, make it a solid long-term hold.

Darden Restaurants (DRI) shares surged Thursday after the Olive Garden owner reported improving sales trends after a decline in July and announced a new delivery pilot with Uber (UBER).

Shares of Darden Restaurants Inc (NYSE:DRI) are up 7.3% at last glance today, trading at $170.77 after news that the Olive Garden parent is partnering with Uber Technologies (UBER) for delivery services.

The headline numbers for Darden Restaurants (DRI) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

The markets are enjoying a rally off a 50BPS rate cut from the Fed. Darden Restaurants (DRI) joined in after showing positive guidance and announcing a deal with Uber (UBER).

Darden Restaurants (DRI) came out with quarterly earnings of $1.75 per share, missing the Zacks Consensus Estimate of $1.81 per share. This compares to earnings of $1.78 per share a year ago.

Olive Garden-owner Darden Restaurants said on Thursday it has entered into a delivery deal with Uber Technologies , sending its shares up about 7% in premarket trading.

Darden Restaurants Inc.'s stock rose 6% premarket Thursday, after the parent to Olive Garden, LongHorn Steakhouse and other restaurant chains' fiscal first-quarter earnings fell short of estimates, but it backed guidance for the full year.

Darden Restaurants' earnings and revenue missed Wall Street's estimates in its fiscal first quarter. CEO Rick Cardenas said the company fell short of its own expectations for the quarter.

As fine dining struggles alongside a penny-pinched consumer, @LikeFolio's Landon Swan calls the acquisition of Chuy's (CHUY) a good indicator for Darden Restaurants (DRI) outlook. $DRI earnings report Thursday will also show consumer strength in the fast-casual food industry.

Darden Restaurants, Inc. DRI will release earnings results for its fiscal 2025 first quarter, before the opening bell on Thursday.