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Darden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. Net sales rose 1% to $2.76 billion, but the company's same-store sales declined 1.1% in the quarter. Darden's fine-dining segment, which includes Eddie V's and The Capital Grille, reported same-store sales declines of 6%. LongHorn Steakhouse was the company's only division to report same-store sales growth. The chain, a top performer in Darden's portfolio since the pandemic, saw same-store sales growth of 3.7%.
Persons: Rick Cardenas, Darden, Raj Vennam, Olive Garden's, Eddie V's, Ruth's Chris Steak, Chris Organizations: Darden, Olive, LSEG, LongHorn, Chuy's Holdings Locations: Olive, Chicago , Illinois, Tex
Darden Restaurants will acquire Chuy's Holdings for approximately $605 million in cash, the companies announced jointly on Wednesday. Darden agreed to acquire all outstanding shares of Chuy's at $37.50 per share, according to a press release. "Based on our criteria for adding a brand to the Darden portfolio, we believe Chuy's is an excellent fit that supports our winning strategy," Darden CEO Rick Cardenas said in a statement. "I am excited to welcome their 7,400 team members to Darden and diversify the Darden portfolio into a new dining category." Cardenas said in the press release that Chuy's has strong performance and growth potential.
Persons: Darden, Chris Steak, Rick Cardenas, Cardenas, Chuy's, Steven Hislop Organizations: Chuy's Holdings, Wednesday, Chuy's, Olive Garden, LongHorn, Darden Locations: Olive, Austin , Texas
CNN —Dr. Ruth Westheimer, the iconic sex therapist whose cheerful and disarming advice helped educate millions of Americans about sexual desires and practices, has died, her publicist Pierre Lehu told CNN on Saturday. Dr. Ruth Westheimer poses for a portrait in Pasadena, California, in January 2016. Becoming Dr. Ruth Westheimer speaks during an American Society of Newspaper Editors convention in April 1986. Bob D'Amico/ABC/Getty Images Westheimer on the set of "Quantum Leap" with actor Dean Stockwell and director Stuart Margolin in 1993. Ron Galella Collection/WireImage/Getty Images Westheimer rides on the back of a motorcycle during New York's Salute to Israel Parade in May 1996.
Persons: Ruth Westheimer, Pierre Lehu, grandmotherly Westheimer, Dr, Ruth ” –, , Lehu, Maarten de Boer, Westheimer, Ruth, Stewart, AP Westheimer, Cyndi Lauper, Nancy Kaye, Ron Galella, Bob D'Amico, Dean Stockwell, Stuart Margolin, Alice S, David Karp, Bill Clinton, King Mohammed VI of, Susan Walsh, Keith Bedford, Sir Paul McCartney, McCartney, Bob Child, Barack Obama, Michelle Obama, Chip Somodevilla, Andy Kropa, John Lamparski, Michael Kovac, Gabby Jones, , Ruth Show, ” Westheimer, Columbia University . Westheimer, Love Organizations: CNN, Haganah, Zionist, Israel Defense Forces, American Society of Newspaper, ABC, Getty, Israel Parade, White House, Westheimer, Yale, Communications, Broadway, of Fame, Gotham, New York, New York Times, Lifetime, Teachers College, Columbia University ., Museum of Jewish Heritage Locations: Pasadena , California, Switzerland, Jerusalem, New York, Beverly Hills , California, Los Angeles, King Mohammed VI of Morocco, New Haven , Connecticut, Washington ,, New, Germany, Paris, New York City
In this part, Lee and Carter also go to the Camera family farm, where one of the murders happened in 1975. Agent Carter is satisfied and believes the arrest will allow the murdered families to have justice. AdvertisementLee and another FBI agent, Agent Browning (Michelle Choi-Lee), go to her mother Ruth's house to bring Ruth in for questioning, given Cobble's comments before his death. NEONUnderwood, who plays Agent Carter, gives a quietly devastating performance in his final scene in the film. "It would be something else: prequel or another movie in the universe of 'Longlegs,' or something very unexpected."
Persons: , it's, Maika Monroe, Lee Harker, Agent Carter, Blair Underwood, Lee, she's, smartly, Nicolas Cage's, Osgood Perkins, Here's, Perkins, Young Lee, Monroe, Carter's, Ruby, Longlegs, Dale Ferdinand Cobble, Cobble, Ruth, Alicia Witt, Carter, Carrie Ann Camera, Carrie Ann, Kiernan Shipka, admonishing, Carrie Ann's, Browning, Michelle Choi, Ruth monologuing, dollmaker, he'd, Lee —, doesn't, Perkins —, he's, I'm, Witt, Underwood, Perkins hadn't, Oz …, There's Organizations: Service, Business, FBI, BI
I ordered the same meal at The Capital Grille and LongHorn to see which chain offered the best food. The Capital Grille offered a top-notch dining experience with amazing French onion soup. AdvertisementMany popular chains are owned and operated by the same parent company, but that doesn't mean they're all created equally. Darden Restaurants owns and operates over 1,900 restaurants, including popular chains like Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steakhouse, The Capital Grille, and more. I decided to try two of Darden's popular steak-house chains — LongHorn Steakhouse and The Capital Grille — to see which one offered the best value.
Persons: , Chris Steakhouse Organizations: Service, Darden Restaurants, LongHorn, Business
Darden Restaurants CEO Rick Cardenas said there's been a small shift from fast food to casual dining. Several casual chains now offer discounted combo deals to attract diners seeking better value. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCustomers fed up with increasingly high prices at fast-food restaurants are taking action, and they may be turning to places like Chili's and Applebee's instead. Rick Cardenas, the CEO of Darden Restaurants, said as much during a quarterly earnings call on Thursday.
Persons: Rick Cardenas, there's, , Darden, Chris Steak Organizations: Darden, Service, Olive Garden, LongHorn, Business Locations: Olive
Read previewOlive Garden's parent company says the Italian chain is bucking industry traffic trends and luring in diners by not raising prices as much as its competitors. Despite this, Olive Garden's same-restaurant sales in the quarter fell by 1.5% year-over-year, Vennam said. Olive Garden's average prices went up by about 1% in the quarter, he said. Olive Garden is planning to increase prices by between 2.5% and 3% over the next year, Vennam said. AdvertisementBut Olive Garden's approach of focusing on low prices generally rather than offering hefty discounts was more sustainable in the long run, he said.
Persons: , Olive, Olive Garden's, Raj Vennam, Vennam, Rick Cardenas, Chris Steak, Cardenas, Olive Garden Organizations: Service, Darden, Business, LongHorn Locations: Olive
Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden's same-store sales fell for the second consecutive quarter. For fiscal 2025, Darden is forecasting that its same-store sales will grow just 1% to 2%. Darden's overall same-store sales were flat for the quarter, dragged down by weaker-than-expected sales at Olive Garden and its fine-dining restaurants. Last quarter, Olive Garden's same-store sales fell 1.8%, driven by a pullback from low-income consumers. LongHorn Steakhouse, which is overtaking Olive Garden as the gem of Darden's portfolio, was the only segment to report same-store sales growth.
Persons: Olive Garden's, Darden, Chris Steak, Eddie V's, Chris, Ruth's Chris Organizations: Darden, LSEG, Olive, LongHorn Locations: Olive
I tried making Ina Garten's five-star-rated simple steak recipe at home. Garten's recipe called for only five ingredients: filet mignon, oil, butter, salt, and pepper. The recipe was simple to execute and resulted in perfectly cooked filet mignon. AdvertisementMy family and I love going out to restaurants like The Capital Grille and Ruth's Chris for a steak dinner. To save some cash and try to replicate a high-end meal on my own, I made Ina Garten's recipe for restaurant-quality steaks, which requires filet mignon and a few simple ingredients.
Persons: Ina Garten's, mignon, , Chris, filet mignon Organizations: Service, Business
The tour began in an exhibition space on the first floor, where our tour guide gave us a brief history of the Mills family. Talia Lakritz/Business InsiderRuth Livingston Mills came from "old money." The Livingston family descended from Scottish nobles, and their ancestors fought in the Revolutionary War and signed the Declaration of Independence. Ruth's great-grandfather, Morgan Lewis, served as the third governor of New York and purchased the Staatsburgh estate in 1792. Ogden Mills was known as "new money," a financier who served as President Herbert Hoover's Secretary of the Treasury.
Persons: Talia Lakritz, Ruth Livingston Mills, Livingston, Ruth's, Morgan Lewis, Ruth, Ogden Mills, Herbert Hoover's, Ogden Locations: New York
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
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,
She has written a memoir about working for a secretive and wildly prestigious Wall Street hedge fund. Recruiters are one of the main gatekeepers for the hedge fund and private equity industries. I hadn't — but I had heard of Argon, a hedge fund that had long and widely been seen as financial royalty. A leading financial publication had called Carbon the world's hottest hedge fund. Another had named it one of the world's top-performing large hedge funds, ranking it among other hedge fund titans and their flagships, like Ray Dalio's Pure Alpha II and Ken Griffin's Citadel.
Persons: , Carrie Sun, Sun, Beowulf Sheehan Yuna, Carrie, Yuna, Chang's, Meijer, Peter, Boone Prescott, He's, Peter glanced, Boone, Jen, you'd, Ruth, Maya, Warren Buffett, Ray, Ken Griffin's, Griffin, Anne Hathaway, Chanel Organizations: Service, MIT, New, Boone, Samsung, Ann Arbor ., College, Carbon, NYU, Alpha, Penguin Press Locations: China, Michigan, Jersey City, Kansas, Midtown, receptionists, Manhattan, Ann Arbor, United States, New York, New Jersey, Anhui, Barneys, Madison, America, Boone, Missouri
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
My husband and I visited Fogo de Chão steak house with our teenage daughter for the first time. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMy family has never cared much for chain restaurants, but in the last year, my husband and I have visited more with our teenagers. But we'd yet to try a Brazilian churrasco meal like the one offered at Fogo de Chão. AdvertisementMy family recently visited the chain in Orlando, Florida, for dinner.
Persons: , Chris, we've Organizations: Service Locations: Fogo, Brazilian, Chão, Orlando , Florida
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
Then Jimmy Carter called for help from his family’s peanut farming warehouse. “I can use my time better than that.”As president, Jimmy Carter sent her abroad as an official diplomat. Lillian Carter, a nurse, delivered Eleanor Rosalynn Smith and a few days later brought young Jimmy Carter back to the Smith home to meet the baby. Jimmy Carter was a smitten newlywed, writing in poetry that his wife's beauty struck songbirds into silence. First, Jimmy Carter sat at her bedside in his wheelchair.
Persons: Rosalynn Carter, Jimmy Carter, couldn’t, , ” Rosalynn Carter, Rosalynn, , Jill Stuckey, Rosalynn Carter's, Jimmy I, Jimmy, Carter, Lillian Carter, Eleanor Rosalynn Smith, Smith, Ruth Carter, Jimmy's, Ruth, Rosalynn Smith, ” Rosalynn, ’ Rosalynn Carter, James Earl Carter Sr, “ Jimmy, don’t, Stuart Eizenstat, Jason Carter, ’ ” Stuckey, “ I’d, What'd, ” Stuckey, Chip Carter, ” Jason Carter Organizations: Associated Press, Georgia, House, Carter, Washington, White, Carter Center, U.S . Naval Academy, Navy, Washington Post Locations: Ga, Plains, Rosalynn, Annapolis, Georgia, Atlanta, America, U.S
Darden Restaurants on Thursday reported earnings and revenue that topped analysts' expectations in its first quarter as the owner of Ruth's Chris Steak House. But same-store sales of Darden's fine-dining segment fell more than expected, signaling that consumers are spending less on upscale restaurant meals. The chain reported same-store sales growth of 8.1%, topping StreetAccount estimates of 6.1%. Olive Garden, which accounts for roughly 45% of Darden's revenue, reported same-store sales growth of 6.1%, meeting expectations. Darden's fine-dining restaurants saw same-store sales shrink 2.8%, wider than expectations of a 1.8% decline.
Persons: Chris Steak, Darden, Chris, Eddie V's Organizations: Darden, LSEG, LongHorn Locations: Olive, Pittsburg , California
If it feels like the Baltimore Orioles have accomplished something historic these past couple years, there are some numbers that back that up. That was the New York Giants, way back at the beginning of the modern era. But Baltimore, which clinched a playoff berth Sunday, could still join the Giants with an improvement of over .300. There's actually a Baltimore connection to those New York Giants. The Baltimore franchise then moved to New York and became the Highlanders, who would eventually be called the Yankees.
Persons: There's, John McGraw, Babe Ruth's, Ruth, Freddie Freeman, Joe Medwick, Charlie Gehringer, Earl Webb, Todd Helton, Nick Castellanos, Brandon Woodruff, Woodruff, San Francisco, Savant, Wilmer Flores, J.D, Davis, LaMonte Wade Jr, ___ Organizations: Baltimore Orioles, Tampa Bay, AL East, Orioles, New York Giants, Giants, Baltimore, Highlanders, Boston Braves —, Braves, Cincinnati Reds —, Cincinnati, . New York Yankees, New York, Los Angeles Dodgers, Sunday, Rays, Brewers, NL Central, San, Cleveland, New York Yankees, Atlanta Locations: Baltimore, New York, ., Miami, Cleveland, Houston, St, Louis, Philadelphia
Originally known as xAd, GroundTruth was founded in 2003 and has raised more than $160 million in funding, per PitchBook. GroundTruth's advertising platform is powered by its location data that allows advertisers to model their campaigns based on real-world information, like visits to stores. GroundTruth almost reached a deal to sell WeatherBug in 2019, but talks ultimately collapsed, according to two sources familiar with the matter. The current plan is to sell WeatherBug and GroundTruth as separate assets, the people familiar with the process said. As new privacy laws roll out across the world, increasing scrutiny has been poured on companies that transact location data.
Persons: GroundTruth, Adtech Organizations: Hooters, iHeart, Cox, Scripps, Data Protection, LUMA Partners, TV Locations: Florida
Its restaurant portfolio includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar. But a better opportunity might be their hidden gem in the 150 Outback restaurants in Brazil. As for Starboard, the firm has had extensive success at both Papa John's and Darden, but in strikingly different ways. Papa John's was a very amicable engagement in which Starboard was invited onto the board and worked with management to create extensive shareholder value. If management is smart, they will view Darden as a warning, and Papa John's as the opportunity.
Persons: David C, George, Bloomin, outperforming Darden, Jeff Smith, Papa John's, Chris, Del Frisco's, accretive, Jana Partners, John P, Gainor, Lawrence V, Jackson, Jana, Papa, Darden, Ken Squire Organizations: Brands, Wine, Papa John's, Darden, Texas Roadhouse, LongHorn Steakhouse, Texas, Fogo De Chao, 13D Locations: United States, BLMN, Fogo De, Brazil
Ruth Handler wanted to make an adult fashion doll but Mattel's team shot her downChesnot/Getty ImagesBarbie is back in vogue. The current hype around the brand is in sharp contrast to the rejections Barbie inventor Ruth Handler faced when she first tried to create the doll in the 1950s. But Handler, who had co-created Mattel in 1945, struggled to convince people of the market for an adult fashion doll. Mattel's team told her it wouldn't be possible to make such dolls at a low price in the US, she wrote. "As the years went by, I brought up my idea a few more times, but everybody would kind of turn me off," Handler wrote.
Persons: Ruth Handler, Barbie, Zs, Margot Robbie, Ryan Reynolds, Barbara, Handler Organizations: Mattel
Darden Restaurants on Thursday reported quarterly earnings that topped Wall Street's expectations, fueled by strong LongHorn Steakhouse sales. The company's same-store sales increased 4%, led by strong performance by LongHorn Steakhouse. The steakhouse chain reported same-store sales growth of 7.1%, topping StreetAccount estimates of 4.9%. But Olive Garden, which accounts for roughly 45% of Darden's sales, reported weaker-than-expected performance for the quarter. Darden's fine-dining segment reported same-store sales declines of 1.9%.
Persons: Gene Lee, Lee, Darden, Olive, Eddie V's, Chris Steak Organizations: Darden, LongHorn, Refinitiv Locations: Olive, Pittsburg , California
MLB roundup: Yankees blast A's in Aaron Judge's return
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +12 min
Jake Bauers capped the inning by lifting a sacrifice fly, and he later hit a two-run homer in the seventh. Miguel Vargas had a two-run homer and Mookie Betts and Will Smith had solo homers for the Dodgers. Tom Murphy added a two-run homer as Seattle won for the seventh time in its past nine games. Luzardo (3-2) allowed just one run on seven hits and struck out five while walking two. All six Miami runs were credited to Pfaadt (0-1), who came into Tuesday's contest with a 13.50 ERA after allowing seven runs in his only other appearance.
Many gig workers rely on tips to make ends meet, but some say tipping is getting worse. Three gig workers told Insider that people who appear to be wealthy are the worst tippers. Several delivery drivers replied to the story, and while a few related to Jay's experience, most of the workers Insider heard from said that the opposite was true in their experience: Rich people are the worst tippers. Drivers for companies like Uber and DoorDash say they're reliant on tips to make ends meet, but many of them have told Insider that tipping has gotten worse in recent years. When reached for comment, an Uber spokesperson told Insider that tipping has risen considerably for both Uber and Uber Eats over the last few years.
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