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Top related persons:
Rick Cardenas - 2 Darden - 2 Raj Vennam - 1 Olive Garden's - 1 Eddie V's - 1 Ruth's Chris Steak - 1 Chris - 1 Chris Steak - 1
Top related locs:
Olive Chicago , Illinois Tex Austin , Texas
Top related orgs:
Darden - 2 LongHorn - 2 Chuy's Holdings - 2 Olive - 1 LSEG - 1 Wednesday - 1 Chuy's - 1 Olive Garden - 1

Search resuls for: "Chuy's"


3 mentions found


☆ Darden Restaurants earnings disappoint as Olive Garden, fine dining sales struggle
  + stars: | 2024-09-19 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
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 to acquire Chuy's for approximately $605 million
  + stars: | 2024-07-17 | by ( Justine Fisher | ) www.cnbc.com   time to read: +1 min
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
☆ Inflation is cooling, but prices on many items are going to stay high for months
  + stars: | 2023-01-25 | by ( Melissa Repko Amelia Lucas | Melissa Repko | Amelia Lucas | ) www.cnbc.com   time to read: +7 min
That surge in demand and limited supply contributed to higher prices. But diners will likely still pay higher menu prices than they were last year. Dutch Bros. Coffee CEO Joth Ricci told CNBC that most coffee businesses hedge their prices six to 12 months in advance. However, Zandi said, if the job market remains strong, inflation eases and wages grow, Americans can better manage higher prices for airfare and other items. Several hot pandemic items, including TVs, computers, sporting goods and major appliances have dropped in price, according to Labor Department data from December.
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