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Top related persons:
— - 2 Olive Garden's - 2 Darden - 1 Chris Steak - 1 Rick Cardenas - 1 Cardenas - 1 Raj Vennam - 1 — Vennam - 1
Top related locs:
Olive Texas California — Little Italy Vegas New York
Top related orgs:
Service - 2 Darden - 1 Olive Garden - 1 LongHorn - 1 Olive - 1 Little - 1 Fleming's - 1 Wine - 1

Search resuls for: "Olive Garden's"


8 mentions found


☆ 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
☆ Outback Steakhouse owner's stock rises after activist Starboard Value buys stake
  + stars: | 2023-08-18 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +1 min
An Outback Steakhouse truck sits parked outside a restaurant in New York. Shares of Outback Steakhouse owner Bloomin' Brands rose 7% in morning trading Friday after an activist investor disclosed its interest in the restaurant company. Starboard Value now owns 9.9% of Bloomin's shares, according a regulatory filing. In addition to Outback, Bloomin' also owns Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. Starboard Value has a proven track record of successful turnarounds at restaurant companies.
Persons: Bloomin, Jana Partners, Garden's breadsticks, Papa John's, John Schnatter, Jeff Smith Organizations: Fleming's, Wine, Bloomin, Barington Capital Group, Darden Restaurants Locations: New York
☆ Restaurant prices are rising faster than grocery prices for the first time since inflation ran hot
  + stars: | 2023-04-12 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
For the first time since inflation began accelerating in mid-2021, restaurant prices outpaced grocery prices on a 12-month basis, according to the Labor Department. For months, restaurant CEOs like Cheesecake Factory's Matthew Clark and Wendy's Todd Penegor have touted their meals as a relative bargain compared with eating at home, based on consumer price index data. March food prices rose 8.5% over the last 12 months, fueled by the jump in the cost of eating away from home, which was up 8.8% over that period. The National Restaurant Association's chief economist, Bruce Grindy, attributed the increase to the surge in food prices at schools as free lunch programs instituted during the Covid pandemic expired. The overall consumer price index has risen 5% over the last 12 months as inflation continues to cool.
☆ The surprise lettuce crisis cost Olive Garden's owner as much as $5 million in 3 months
  + stars: | 2022-12-18 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Olive Garden has lost nearly $5 million in the space of three months, its parent firm's chief financial officer said. At its quarterly analyst call for its fiscal Q2 2023, Darden Restaurants chief financial officer Raj Vennam estimated that issues with lettuce production cost between $4 million to $5 million. Darden has faced mounting costs this year, with Vennam saying costs are up 20% for chicken and dairy year on year. The hit from rising prices for lettuce — a bedrock of Olive Garden's never-ending salad — was a shock. It was, call it, $4 million to $5 million impact in the quarter, that's meaningful," Vennam said.
☆ A lettuce production problem cost Olive Garden owner millions
  + stars: | 2022-12-16 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN —High lettuce costs are coming for Olive Garden’s never-ending salad. Olive Garden's parent company said high lettuce costs had a $4-$5 million impact in the quarter ending November 27. But the lettuce prices were “a big surprise.”California crop diseaseCrop disease in California, where much of the country’s lettuce is grown, has hit lettuce supply and forced prices to rise. The crop virus in addition to the geographical shift “was the perfect recipe for really historically high prices,” he said. High lettuce prices are hitting consumers in the grocery store, as well.
☆ Stocks making the biggest moves midday: Apple, Chevron, Bilibili, Hibbett & more
  + stars: | 2022-11-29 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Hibbett — Shares of Hibbett dropped more than 9% after the company posted a disappointing profit for the third quarter. Chevron — The energy stock rose more than 1% as oil prices rebounded from Monday's sell-off. Wynn Resorts , Las Vegas Sands — Shares of casino operators Wynn Resorts and Las Vegas Sands jumped 2.6% and 1.8% respectively on news that China has given new licenses to operators in Macao so that they can keep operating amid the government's zero Covid policy. Darden Restaurants — Shares of Olive Garden's parent company slipped roughly 1% following a downgrade to neutral from Baird. The firm said the "risk/reward looks more balanced" for Darden Restaurants following the stock's recent outperformance.
☆ Stocks making the biggest moves midday: Novavax, Darden Restaurants, Eli Lilly and more
  + stars: | 2022-09-22 | by ( Jesse Pound | ) www.cnbc.com   time to read: +4 min
Darden Restaurants — Shares of Olive Garden's parent company fell more than 4% after Darden's fiscal first-quarter results showed lighter-than-expected revenue. The company reported $1.56 in earnings per share on $2.45 billion of revenue. Eli Lilly — The pharmaceutical stock climbed 4.2% after UBS upgraded Eli Lilly to buy from neutral. KB Home – Shares of homebuilder KB Home slipped 4% after the company reported earnings that disappointed Wall Street's revenue expectations. The company reported $3.13 in adjusted earnings per share, below the $3.20 anticipated by analysts, according to Refinitiv.
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