DIRS.INFO The most relevant business & tech news

☆ I ordered the same meal at Red Lobster and Olive Garden, and the winning chain had a cheaper appetizer and dessert
▼ + stars: | 2024-05-08 | by ( Jena Brown | ) www.businessinsider.com time to read: 1 min

Red Lobster's strawberry cheesecake was incredible. The cheesecake was topped with white-chocolate shavings and strawberries. Jena BrownRed Lobster's cheesecake was topped with a thick layer of vanilla-bean whipped cream, which added a delicious sweetness to the dish. There were a ton of fresh-tasting strawberries on the side and top of the cake. At $11, the strawberry cheesecake cost more than the Olive Garden version.

Persons: Jena Brown Locations: Jena

☆ Red Lobster brought seafood to the masses. Now it’s on the verge of bankruptcy
▼ + stars: | 2024-05-03 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +11 min

While it was a delicious deal for customers, it was terrible for the company: Red Lobster lost $3.3 million in seven weeks. The deal was once again too popular, and Red Lobster was unprepared for its customers’ insatiable lust for discounted shellfish. Red Lobster is now reportedly considering filing for bankruptcy protection to restructure its debt and shed some of its 650 US locations. Red Lobster stallsBut Red Lobster fell behind its sister brand Olive Garden under Darden. In 2021 and 2022, Red Lobster brought on a new CEO, chief marketing officer, chief financial officer and chief information officer.

Persons: Lobster, “, ”, John Gordon, Michael Nagle, Alex Susskind, General Mills, Bill Darden, Charley Woodsby, Darden, ” Woodsby, Jonathan Maze, Betty Crocker, Red, Glen Martin, Mills, ” Joe Lee, Olive, Red Lobster’s, “ Darden, ” Les Foreman, Justin Sullivan, they’ve, Les Foreman, Thiraphong Chansiri, ” “, ” Chansiri Organizations: New, New York CNN, Lobster, Thai Union, Bloomberg, Getty, Red Lobster, CNN, Cornell University, Baby Boomers, General, Howard, Restaurant Business, Darden, Denver Post, Harvard Business School, Longhorn, Darden Restaurants, Gate, ‘, Thai, “, ” Thai Locations: New York, United States, Bangkok, Thai, underinvestment, Lakeland , Florida, Orlando, America, Olive, Sale, Thai Union, Thailand

☆ Restaurants are competing for frugal diners’ dollars
▼ + stars: | 2024-05-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

For some restaurants, it feels like a battle to get them to spend. Olive Garden-parent Darden Restaurants saw same-restaurant sales dip during its most recent quarter. Darden saw sales from households with incomes above $150,000 climb from the prior year. What to expect in Friday’s jobs reportThe US job market has been on a roll for the past three years. That’s about 25,000 more jobs per month than last year and 111,000 more per month than in 2019.

Persons: ”, Laxman Narasimhan, “, we’ve, Ian Borden, Ricardo Cardenas, Scott Sheffield, “ Mr, —, Matt Egan, Read, Alicia Wallace, ” Julia Pollak, ZipRecruiter Organizations: CNN Business, Bell, New York CNN, Starbucks, Darden, OPEC, Federal Trade Commission, Sheffield, Organization of, Petroleum, Saudi Arabia, Regulators, Pioneer Natural Resources, CNN, of Labor Statistics Locations: New York, China, Olive, American, Saudi, Sheffield, Texas, OPEC, Russia

☆ Red Lobster Isn't Nearing Bankruptcy Because of Endless Shrimp
▼ + stars: | 2024-05-01 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

While Red Lobster increased traffic somewhat, people coming in to chow down on all-you-can-eat shrimp was a money bleeder. But the story about what's gone wrong with Red Lobster is much more complicated than a bunch of stoners pigging out on shrimp (and, later, lobster) en masse. Red Lobster first opened in Lakeland, Florida, in 1968 and was acquired by the food conglomerate General Mills in 1970. "What's truly happened with Red Lobster is that the consumer base has changed and Red Lobster hasn't," he said. "Red Lobster isn't losing to a competitor in their space — they're losing to competitors outside their space."

Persons: It's, what's, Jonathan Maze, Mills, General Mills, Olive, Darden, Red, Eileen Appelbaum, isn't, they've, it's, Keith Bedford, Darren Tristano, John Gordon, Kim Lopdrup, Red Lobster's, He's, Jonathan Tibus, Gordon, Tristano, You've, Emily Stewart Organizations: Bloomberg, Restaurant Business, Olive Garden, LongHorn, Darden, Golden Gate, American Realty, Lobster, Center for Economic, Policy Research, Thai Union, Seafood Alliance, Thai, Fortress Investment Group, Reuters, Business Locations: chow, Lakeland , Florida, San Francisco, Thai, Thailand, Thai Union, Golden, San Diego

☆ People are really annoyed about the price of fast food
▼ + stars: | 2024-04-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Fast food is getting more expensive, and Americans are annoyed about it. Diners told BI they're cutting back on how often they get fast food because of rising prices. AdvertisementBut cheaper fast food may be some way off. Experts say it could have a ripple effect on wages across the fast food industry nationwide, meaning that your favorite spots could become even pricier. The main reason Rodriguez gets fast food is the taste, he said.

Persons: —, Sara Senatore, Dunkin, Warren Colehour, Chad Frye, Artur Widak, Frye, Martin Jennings, it's, Chipotle, James R, Martin, Ben Heyworth, Burger King, He's, Del, Richard McConnell, Ricardo Rodriguez, Rodriguez Organizations: Service, Bank of America, McDonald's USA, Getty, Subway, Consumers, McDonald's Locations: Ukraine, McDonald's, Kentucky, California, Florida, Olive, Burger, Oregon

☆ Millionaire matchmaker Patti Stanger knows what the ultrarich want in a partner
▼ + stars: | 2024-04-11 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +14 min

Now, over 15 years after "The Millionaire Matchmaker" first premiered, Stanger is back on reality TV with "Patti Stanger: The Matchmaker," an unscripted CW series where she's teamed up with former "Bachelor" star Nick Viall to help singles find love. I feel like that's a little bit controversial…Then don't date. Do ultrawealthy people all look for the same thing in a partner when they're dating with the intention to marry? Evans Vestal Ward/NBCU Photo Bank/NBCUniversal via Getty ImagesWhat are some of the biggest mistakes you see ultrawealthy people make when they're dating? "Patti Stanger: The Matchmaker" airs Thursdays at 8 p.m.

Persons: —, Patti Stanger, Stanger, she's, Nick Viall, Sydney Sweeney, Margot Robbie, Kim Kardashian, Congrats, — he's, I've, Marisa Peer, She's, Vicki Gunvalson, Vicki, Steve, It's, Reza Farahan, You've, I'm, Paul Giamatti, it's, there's, he's, they're, Emily Ratajkowski —, I'd, It's Margot Robbie, Kate Beckinsale, Heidi Gutman, they'll, Evans Vestal Ward, you've, quirkiness, haven't, Jennifer Aniston, Reese Witherspoon Organizations: Service, Club, Business, CW, Getty, they're Locations: Olive, New York, New Jersey, LA

☆ These 10 retail brands are the fastest growing in the U.S., Yelp says
▼ + stars: | 2024-04-10 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report. Of the 50 fastest-growing chains in Yelp's report, 35 were restaurant brands. Jack in the Box, First Watch and Dutch Bros were among the public restaurant chains included in the report, but they didn't crack the top 10. Popeyes' higher sales have encouraged franchisees to open more locations and led new operators to join the brand, Restaurant Brands executives have previously said. In 2023, Popeyes surpassed KFC as the second-most popular chicken chain in the U.S. by sales, trailing only Chick-fil-A.

Persons: Jack, Levi Strauss, Cava CAVA, Cava, Zachary Lucy, Scott Olson, Darden, Yum, Stephanie Dhue, Tim Hortons, Burger King, Randy Risling, Popeyes, Michael Siluk, Freddy's, Kyle Rivas, It's, Justin Sullivan Organizations: Dutch Bros, Publicly, Nordstrom, Costco, New York Stock Exchange, Pacific Coast League, Omaha Storm, Memphis Redbirds, AP, LongHorn, Getty, Darden, steakhouse, Parent, Yum Brands, Taco Bell, KFC, East, CNBC, Wawa, Toronto Star, Brands, Restaurant Brands, UCG, Thompson, Capital Partners, Rally House, Kansas City Chiefs, Tampa Bay Buccaneers, Subs Locations: U.S, Cava, Werner, Omaha , Nebraska, Nebraska, Skokie , Illinois, California, West, Wawa, Bethany Beach , Delaware, Philadelphia, It's, Louisiana, Lansing , Kansas, Kansas City , Missouri, Midwest, Pennsylvania, Arizona, Olive, Lincolnwood , Illinois, Jersey, Petaluma , California

☆ My family of 4 ate at Olive Garden for the first time, and our $150 meal felt like an excellent value
▼ + stars: | 2024-04-02 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

My family of four ate at Italian-American chain restaurant Olive Garden for the first time. Based on the giant portion sizes and quality of the pasta dishes, I'd return to Olive Garden again. AdvertisementSince my family started visiting chain restaurants for the first time about a year ago, we've dined everywhere, from Ruth's Chris Steak House to Bahama Breeze. I've never seen customers lined up just to get a table at any of them until we visited Olive Garden on a Friday night. And, after a great meal, my husband, our two teens, and I found it at Olive Garden.

Persons: —, we've, Chris Steak, I've Organizations: Olive, Service Locations: Olive

☆ Frankenstein restaurants like a Taco Bell-Pizza Hut combo are popping up everywhere
▼ + stars: | 2024-03-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

AdvertisementIn 2008, Hip Hop trio Das Racist caught the attention of the internet with their song "Combination Pizza Hut and Taco Bell." Its most recent dual-branded restaurant opening was in Leon, Mexico, and the company is contemplating opening more in the US, CEO John Peyton said. The 2002 annual report for Yum Brands, the parent company of Pizza Hut, Taco Bell, and KFC, among other restaurant chains, lays out why the much-memed combination Taco Bell-Pizza Hut existed in the first place. In the past, some restaurant brands have put together brands that don't complement each other, said Rob Seely, associate vice president of operations, strategy, and design at WD Partners, which advises restaurant brands. Do you work at a major restaurant like McDonald's, Pizza Hut, or Taco Bell and have a story idea to share?

Persons: —, Bell, It's, John Peyton, Dine, Payton, Peyton, Das, Taco Bell, David Novak, Novak, Yum, Frankenrestaurants, hasn't, Long John Silver, John Silver, Long John Silver's, Rob Seely, Seely, Taco Organizations: Service, Dine Brands, Yum Brands, KFC, Bell, Brands, Darden, Business, WD Partners, Taco Bell Locations: Leon , Mexico, Applebee's, IHOP, Pizza, Taco, Kentucky

☆ Frankenstein restaurants are popping up everywhere, but they aren't actually that successful
▼ + stars: | 2024-03-23 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

AdvertisementIn 2008, Hip Hop trio Das Racist caught the attention of the internet with their song "Combination Pizza Hut and Taco Bell." Its most recent dual-branded restaurant opening was in Leon, Mexico, and the company is contemplating opening more in the US, CEO John Peyton said. Related storiesSo Yum turned to Frankenrestaurants — like the combination Pizza Hut-Taco Bell — to offer a wider variety of options under one roof. Major restaurant brands also frequently change ownership, making it hard to decouple multi-branded locations if a company decides to sell one. In the past, some restaurant brands have put together brands that don't complement each other, said Rob Seely, associate vice president of operations, strategy, and design at WD Partners, which advises restaurant brands.

☆ Olive Garden's owner says lower-income customers are cutting back while richer diners are eating out more
▼ + stars: | 2024-03-22 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Darden says lower-income diners are cutting back on its brands while high earners are visiting more. Darden, which owns Olive Garden and LongHorn Steakhouse, said its customer base was reverting to its pre-pandemic makeup. Cardenas had told investors in December that lower-income diners had been "splurging" in the fine-dining sector in recent years but that their orders were getting back to a more normal level. "It doesn't mean that we won't have price points on things over time, but that's kind of more of our everyday low price or around that price," Cardenas said. Darden's second-biggest brand, LongHorn Steakhouse, which has about 570 restaurants, saw a 2.3% jump in same-restaurant sales.

Persons: Darden, —, Chris Steak, Rick Cardenas, Cardenas, Raj Vennam, — Vennam, Chris, Olive Garden's, Darden's, Vennam Organizations: Darden, Olive Garden, LongHorn, Service, Olive Locations: Olive, Texas, California, —

☆ I ordered the same meal at Maggiano's and Olive Garden. The smaller chain's portion sizes blew me away.
▼ + stars: | 2024-03-03 | by ( Jena Brown | ) www.businessinsider.com time to read: +1 min

I ordered the same meal at Olive Garden and Maggiano's to see which chain had the tastiest food. Olive Garden's spinach-artichoke dip, which came with pita chips, was one of my favorite dishes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I'd never been to Maggiano's Little Italy and wanted to see how the restaurant's food compared to Olive Garden's. I went to both chain's Las Vegas locations and ordered bread, an appetizer, a pasta dish, and a dessert.

Persons: Garden's, pita, —, I'm, I'd, Olive Garden's Organizations: Service, Little Locations: Olive, Little Italy, Vegas

☆ These stocks are well positioned for when the Federal Reserve starts cutting rates, Barclays says
▼ + stars: | 2024-02-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

This would likely push the Federal funds target range to between 4.5% to 4.75% by the end of this year, he said. Take a look at the stocks Barclays thinks are best-positioned for lower rates later this year. Darden Restaurants is one of the consumer names Barclays believes can outperform when the Fed loosens rates. Clothing retailer Gap is another stock Barclays believes will be a rate-cut cycle winner. GPS YTD mountain The Gap shares in 2024 Agribusiness company Bunge also made the cut.

Persons: Terrence Malone, Malone, Jeff Bernstein, Bernstein, Jason Goldberg, Goldberg, Adrienne Yih, Bunge, Ben Theurer, —, Michael Bloom Organizations: Barclays, Darden, Olive Garden, LongHorn, Fifth, Bancorp, Old Navy, Banana, Analysts, Bunge Locations: Olive, Banana Republic

☆ How to make better tips as a server: 6 workers share their secrets
▼ + stars: | 2024-02-11 | by ( Manseen Logan | ) www.businessinsider.com time to read: +4 min

As companies everywhere ask more and more customers to tip, workers who rely solely on tips to earn a liveable wage have gotten creative. However, she was able to find success and earn higher tips after she started recording her wholesome interactions with passengers. During that time, Rodriguez told BI she'd give away free desserts to earn higher tips. "This strategy works by going online on both platforms and accepting any delivery that pays $7 minimum and at least $1 per mile," he told BI. "The difference in tips with a red lip was wild," Hepner told BI. "

Persons: —, Deanna Dixon, Uber, Dixon, Olive, Rodriguez, Joseph Kaiser, Jay, Katlyn Boss, Boss, Amelia Hepner, Hepner Organizations: Service, Business, Olive, BI Locations: Salt Lake City, pigtails

☆ My family of 4 spent $460 on dinner at The Capital Grille. The upscale steak-house chain is now one of our favorites.
▼ + stars: | 2024-02-07 | by ( Terri Peters | ) www.businessinsider.com time to read: +7 min

But our recent visit to the upscale steak-house chain The Capital Grille blew us away. AdvertisementThe Capital Grille's menu features classic steak-house appetizers and entreésThe Capital Grille is known for its dry-aged steaks and comfortable but elegant atmosphere. Terri PetersThe Capital Grille operates more than 60 restaurants in the US, including 10 in Florida, where I live. The Capital Grille serves appetizers like jumbo lump-crab cocktail and oysters on the half shell, plus salads, soups, entrées, classic steak-house sides, and desserts. We shared a top-notch wedge salad, tooTerri PetersAt The Capital Grille, the iceberg wedge salad is served with blue-cheese dressing and smoked bacon.

Persons: —, We've, Chris, Olive, Terri Peters, It's, We'd, I'd, mignon, mignon Terri Peters, crème Organizations: Service, LongHorn, Business, The, Capital Locations: Florida, Orlando, New York

☆ How B.J. Novak turned a tribute to chain restaurants into the hottest ticket in Hollywood with a 25,000-person waitlist
▼ + stars: | 2024-01-05 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +11 min

Chain pays tribute to these restaurants with new interpretations of their most iconic dishes, which are created by Michelin-starred chef Tim Hollingsworth. "We all came up on different chain restaurants and, from a very authentic place, we all got excited about them." Advertisement"Ironically, since we started Chain, these chain restaurants have had sort of this resurgence," Hollingsworth said. How did a comedian, film producer, and Michelin-starred chef help predict the resurgence of chain restaurants? "It's become so hard to capture the attention and interest of a massive amount of people, but chain restaurants have been around for 50 or 60 years.

Persons: —, Jack, B.J, Novak, Friendly's, Nicholas Kraft, Chain, Tim Hollingsworth, Kraft, hadn't, Bell, Mindy Kaling, John Legend, Chrissy Teigen, margarita, Rachel Bilson, Dunkin, Chrissy, Red Robin, Let's, Phil Rosenthal, Chef Hollingsworth, Thomas Keller's, Hollingsworth, Ruth De Jong, Oppenheimer, John Mayer, Andy Cohen, lockdowns, Tim Hollingsworth's, Bell's, Taco Bell, De Jong, We're, Finneas, It's Organizations: Service, Michelin, Business, New Americana, ChainFest, Steakhouse, Crunchwrap, Panda Express, Texas Locations: Boston, Los Angeles, Olive, ChainFest, Seattle, LA, Napa, Texas, West Hollywood

☆ Olive Garden owner Darden beats earnings estimates, hikes guidance as sales climb
▼ + stars: | 2023-12-15 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Darden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains such as Olive Garden and LongHorn Steakhouse. Darden completed its acquisition of Ruth's Hospitality Group, owner of chain restaurant Ruth's Chris Steak House, in June. The company will not include same-store sales from Ruth's Chris Steak House until Darden has owned and operated the restaurant for a 16-month period. "We continued to profitably grow market share again this quarter as we outperformed industry same-restaurant sales and traffic," said Cardenas in a statement. The LongHorn Steakhouse owner also projects $11.5 billion in sales for the fiscal year, as well as 50 to 55 new restaurant openings.

Persons: Chris, Rick Cardenas, Cardenas, Raj Vennam, Darden, Chris Steak Organizations: Darden, Olive Garden, LongHorn, LSEG, Ruth's Hospitality Group, Chris Steak House, CNBC PRO Locations: Olive

☆ A couple loves Costco so much they had their engagement photos taken in their local store
▼ + stars: | 2023-11-30 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

They posed in the aisles and with shopping carts, and Costco shared the photos on its Instagram. Nontraditional engagement photos in locations like Olive Garden and Target have become a trend. "We're not very traditional or lovey dovey in in the way that you see in regular engagement photos." In recent years, soon-to-be married couples have taken engagement photos everywhere from Olive Garden to Target, allowing them to show off their personalities, interests, or places that bond them as a couple. AdvertisementSo if you're considering a beloved store for your engagement shoot, Gasser recommends at least looking into it.

Persons: Beth Gasser, Alec Harwerth, —, Gasser, Harwerth, Costco, Booker T, Brown, Brown Photography Booker Organizations: Costco, Service, Brown Photography, Brown, Target Locations: Kansas City , Missouri, Kansas City, Overland Park , Kansas, Olive

☆ Swifties Dug Up Travis Kelce’s Old Social Media … but It’s Not What You Think
▼ + stars: | 2023-11-16 | by ( Lola Fadulu | More About Lola Fadulu | ) www.nytimes.com time to read: +1 min

In addition to the thoughts about squirrels and work, Kelce also posted in 2010 about how much he loved going to IHOP and ordering the steak and eggs for breakfast, to which one user responded: “such a good order king.”He hated long lines at Chipotle, got excited for basketball games and enjoyed a good fettuccine Alfredo at the local Olive Garden from time to time. One user wrote that his posts represented a simpler time on that platform: “travis kelce’s old tweets perfectly encapsulate what twitter once was,” they posted. “Dudes expressing themselves without fear of judgement during study hall.”Still, many fans found reasons to make fun of the football star. Many pointed out the spelling errors he made in the posts, while others compared Kelce’s unsophisticated posts to complex lyrics from the song “All Too Well” that Swift, a 12-time Grammy winner whose Eras Tour this year shattered concert records, released around the same time. “oh this himbo .. i love him,” one user replied to a post that included one such side-by-side.

Persons: Kelce, ”, Alfredo, travis kelce’s, Swift, Bobbi Miller, Taylor, ” Miller, Matty Healy Locations: Chipotle, Olive

☆ Meet the typical HENRY: Urban 32-year-olds with no kids who make a six-figure income and have a college degree
▼ + stars: | 2023-11-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

The typical HENRY — high earner, not rich yet — is 32, lives in a city, and makes six figures. The typical HENRY — or high earner, not rich yet — is an urban 32-year-old without kids, makes a six-figure income, and has lots of student debt. This is according to data on 1,500 clients shared with Insider from Stash Wealth , a financial advisor for HENRYs . Five HENRYs told Insider they're saving upwards of 40% to 70% of their income each year. Given many HENRYs got an undergraduate degree, with some pursuing doctorates, student loans are particularly elevated, as the average HENRY student loan balance comes in at $80,000.

Persons: HENRY, HENRYs, —, HENRY —, Priya Malani, Savannah White, She's, White, Gen, Sherry, Zer, Malani, Sarah Baus, it's, Baus Organizations: Service, HENRYs, Shash, Federal Reserve's Survey, Consumer Finances, Bank of America Institute, Olive, SC Locations: New York City, Los Angeles, Savannah, Charleston

☆ I visited the viral tinned fish store in NYC's Times Square that sells $19.60 cans of tuna and $44 hand-deboned sardines with edible gold flakes
▼ + stars: | 2023-10-23 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

A luxury Portuguese tinned fish store just opened in the middle of Times Square in NYC. Tinned fish has gone viral on social media over the last year, in part because of affordability. Tinned fish has been having a viral moment this past year. Tinned fish is an important and engrained part of other food cultures outside of the US, like in Portugal and Spain. The Fantastic World of the Portuguese Sardine is already an established brand across Portugal, but the Times Square store is its first international location.

Persons: — Organizations: Times, Service, NYC's Locations: Olive, Portugal, Spain

☆ Starboard Value's Jeff Smith says companies are more receptive to activists like him
▼ + stars: | 2023-10-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starboard Value's Jeffrey Smith, one of the busiest activist investors for two decades, said companies have grown more receptive to voices like him. Smith also sought a turnaround at pizza chain Papa John's in 2019 at a tumultuous time for the company . The Starboard CEO was even active during the Covid-19 pandemic . We're simultaneously respected and feared inside companies," Smith said. "More often than not, now the conversations are highly constructive and respectful and relatively easy," Smith said.

Persons: Jeffrey Smith, Smith, …, we've, I'm, We're Organizations: CNBC's Financial, Olive, Darden, Mercury Systems, Wharton Locations: New York

☆ Stocks making the biggest moves before the bell: Nike, Blue Apron, Bumble and more
▼ + stars: | 2023-09-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Nike — The sneaker behemoth added nearly 10% in premarket trading after a mixed earnings report. Brinker International — The Chili's parent climbed 4% after Stifel upgraded the stock to buy from hold. Editas Medicine — The genome editing company popped 9% in premarket trading following a Stifel upgrade to buy from hold. Ball — Shares added 1.7% in premarket trading after the aluminum-can maker was upgraded by Jeffries to buy from hold.

Persons: Brinker, Stifel, Jeffries, —, Northcoast, CNBC's Brian Evans, Pia Singh, Jesse Pound, Michelle Fox Organizations: Nike, Opry, LSEG, Uranium Energy, Wonder Group, Anheuser, Busch InBev —, Bank of America, Stifel, KFC, Research Locations: Nashville , Tennessee, Olive

☆ Little Caesars knows what you're going to order before you do. With AI tools, soon more restaurants will.
▼ + stars: | 2023-09-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

AI tools are enabling some restaurants to get a jump on what customers want — and when. AdvertisementAdvertisementLittle Caesars, Darden Restaurants, and Jack in the Box are each tapping into troves of sales data. "If you forecast your traffic better, you order better, you receive better, you schedule better," Cardenas said. AdvertisementAdvertisementService is also better, Klopfenstein said, since the AI tools enable Little Caesars to hire more easily and train new employees more quickly — a big lift in a tight labor market. If tech isn't easy to use, customers won't come back, Anita Klopfenstein, Little Caesars' chief information officer, said.

Persons: —, Jack, Anita Klopfenstein, Danny Meyer, Ricardo Cardenas, Cardenas, Klopfenstein, Mike Glinski, Darin Harris, Harris, they're Organizations: Service, Darden, Little Caesars, Olive Garden, LongHorn, Caesars, Microsoft

☆ Cheap stocks to buy after the worst sell-off in months
▼ + stars: | 2023-09-27 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

After the worst sell-off in months, CNBC Pro sought to find stocks trading at deeply discounted levels that could pay off for investors buying for the long term. Fears of longer-than-expected interest rate hikes hammered down on stocks this week. Citigroup last week trimmed its price target on Devon Energy by $2 to $55 and maintained its buy rating. Other energy names Eversource and Atmos , both in the red for the year, are also trading at significant discounts. Recent highs in oil prices have driven bullish sentiment on energy stocks.

Persons: Wall, Darden Organizations: CNBC Pro, Dow Jones, Olive Garden, Devon Energy, Citigroup, Depot, Norfolk Southern Locations: Olive

Search resuls for: "Olive Garden"

25 mentions found