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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 Holdings"


2 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
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