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☆ Six Cattle Found Dead in Texas With Their Tongues Missing
▼ + stars: | 2023-04-22 | by ( Mckenna Oxenden | ) www.nytimes.com time to read: 1 min

In what could be a plot from an episode of “The X-Files,” the authorities are investigating the mysterious deaths in three Texas counties of six cattle that were found with their tongues missing. Ranchers found the mutilated remains of a 6-year-old longhorn-cross cow on their property, the Madison County Sheriff’s Office said on Facebook Wednesday. The office did not say when the cow was discovered but said a “straight, clean cut, with apparent precision, had been made” to remove the hide around its mouth on one side. The meat under the removed hide was untouched, and the cow’s tongue was gone with no blood spilled, the office said.

☆ Some US volunteers in Ukraine have become embroiled in infighting that has undermined the war effort, with one individual having lied about being a Marine: NYT
▼ + stars: | 2023-03-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

The squabbles have not only threatened the war effort, but have exposed deeply consequential lies. Some volunteers have left the war effort in Ukraine after questions arose about their backgrounds. Foreign Legion volunteers in Ukraine. And while Ukrainian officials estimated that there were possibly 20,000 Legion volunteers, that number was officially much smaller. Lackey told Legion members that he was a Marine and said that he had been an assistant manager at LongHorn Steakhouse.

☆ Olive Garden parent raises revenue outlook as same-store sales jump
▼ + stars: | 2023-03-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Darden CEO Rick Cardenas credited the quarter's strong sales growth to its strategy of pricing below inflation. Net sales rose 13.8% to $2.79 billion, fueled by same-store sales growth of 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille. Wall Street was expecting same-store sales to increase just 9.1%, according to StreetAccount estimates. Olive Garden, which accounted for nearly half of Darden's quarterly revenue, reported same-store sales growth of 12.3%. And its fine-dining business, which includes The Capital Grille, reported same-store sales growth of 11.7%.

☆ UBS says these stocks posted high-quality earnings this season
▼ + stars: | 2023-02-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Now that Wall Street is about to close the books on yet another earnings season, it's time to see which names posted higher-quality earnings than others, according to UBS. In the S & P 500, about 86% of companies reported quarterly earnings thus far, according to FactSet data. However, UBS' strategist Keith Parker worries that earnings quality is an "overhang," saying the divide between earnings and operating cash flow for companies points to roughly 15% earnings-per-share downside for at-risk stocks. These stocks are in the S & P 1500, have a market cap greater than $3 billion, excluding stocks in financial, real estate and utilities. Meanwhile, Humana demonstrated strong earnings quality because of its leading position in the Medicare Advantage market, according to UBS analyst Kevin Caliendo.

☆ McDonald’s finds inflationary happy place
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Jan 31 (Reuters Breakingviews) - McDonald’s (MCD.N) is having a good time at the bottom of the price food chain. The Chicago-based burger purveyor on Tuesday said that same-store sales rose 12% year-over-year in the last three months of 2022. That has helped restaurants grow, but McDonald’s is particularly benefitting. That’s despite McDonald’s touting the benefit of “strategic menu price increases” this quarter; the company previously said its U.S. prices should be up over 10% for the full year. How long this can continue probably depends on other options staying pricier – but for now, the nugget-maker has found its happy place.

☆ 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.

☆ Darden Sales Rise but Higher Costs Dent Profit
▼ + stars: | 2022-12-16 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Olive Garden is one of Darden Restaurants’ two largest chains. Darden Restaurants Inc. said sales rose 9.4% in its latest quarter as diners continue to eat out, while profit edged lower as the restaurant company faced soaring costs for food and labor. The owner of Olive Garden, LongHorn Steakhouse and other sit-down restaurants on Friday also raised its guidance for its current fiscal year.

☆ Olive Garden parent company Darden beats estimates, raises outlook
▼ + stars: | 2022-12-16 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

The company also raised its earnings outlook for fiscal 2023 to a range of $10.3 billion to $10.45 billion from its previous range of $10.2 billion to $10.4 billion. Revenue: $2.49 billion vs. $2.43 billion expected. Darden's total sales rose 9.4% compared with the same quarter last year. Olive Garden, which accounts for nearly half of Darden's revenue, saw same-store sales increase 7.6%, while overall same-store sales rose 7.3% for the company. Darden said it had 1,887 locations open as of the end of the quarter, compared with 1,852 last year.

☆ 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.

☆ Brock Purdy: From 'Mr. Irrelevant' to beating the NFL's GOAT
▼ + stars: | 2022-12-15 | by ( Ben Morse | ) edition.cnn.com time to read: +12 min

And this bull is now a steer, so he’s irrelevant. Justin Casterline/Getty ImagesWhen Purdy was selected by the 49ers – and that famous red and white jersey was brought out with “Mr. Irrelevant” celebrations began in 1976, when former 49ers receiver Paul Salata founded “Irrelevant Week” in Newport Beach, California. Purdy celebrates at midfield after the Iowa State Cyclones defeated the Oklahoma State Cowboys 24-21 at Jack Trice Stadium on October 23, 2021 in Ames, Iowa. “I’ve tried to keep myself from being surprised about Brock Purdy years ago because nothing surprises me anymore with him.”

☆ What Cramer is watching Friday — 2-year yield unstoppable as stocks to retest mid-June lows
▼ + stars: | 2022-09-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Our trusted S & P Oscillator is at a minus 7. Goldman cut its year-end S & P 500 target to 3,600 from 4,300. Darden Restaurants (DRI), parent of Olive Garden and LongHorn Steakhouse, had its price target lowered $2 to $129 by Deutsche Bank. Morgan Stanley is concerned that Advanced Micro Devices (AMD) will miss numbers, so it cut its price target to $95 per share from $102. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Darden’s Profit Falls 16.4% on Rising Costs
▼ + stars: | 2022-09-22 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Darden Restaurants Inc. posted a 16.4% drop in quarterly profit as higher sales at Olive Garden and the company’s other restaurants failed to offset rising food and labor costs. Darden, which also operates chains such as LongHorn Steakhouse and Capital Grille, on Thursday said sales rose 6.1% in its fiscal first quarter to $2.45 billion, just under the $2.47 billion Wall Street analysts had been expecting.

☆ What Cramer is watching Thursday — 2-year yield says Fed going much higher; job market remains tight
▼ + stars: | 2022-09-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

An inflation target from the Fed of 2%, does that mean we need the nation's unemployment rate to double? Weekly jobless claims up slightly to 213,000, but that's fewer than expected and suggesting the labor market remains tight. UBS upgrades Club holding Eli Lilly (LLY) to buy from neutral (hold), raises price target to $363 per share from $335. Barclays lowers price target on United Parcel Service (UPS) to $180 per share from $200, keeps equal weight (hold) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ CEOs send mixed signals about consumer spending as split emerges between income levels
▼ + stars: | 2022-07-26 | by ( Robert Hum | ) www.cnbc.com time to read: +5 min

If the signals you're getting about the U.S. consumer seem mixed, there could be a very good reason for that: They are. In recent earnings conference calls, CEOs have been presenting more evidence that consumer spending patterns are bifurcating. Despite rampant inflation, the high-end consumer is remaining strong, but the low-end consumer is starting to buckle under the pressure. That comment came after the company, which owns brands such as Louis Vuitton and Tiffany, reported earnings Tuesday. On Tuesday, the company reported better-than-expected profit growth as price increases on its menu helped offset rising costs.

☆ I ate the same meal at Texas Roadhouse, Outback Steakhouse, and LongHorn Steakhouse. Here's how they compared.
▼ + stars: | 2019-08-01 | by ( Irene Jiang | ) www.businessinsider.com time to read: +2 min

Texas Roadhouse, Outback Steakhouse, and LongHorn Steakhouse are restaurant chains in America. Texas Roadhouse, Outback Steakhouse, restaurant chains in America. I went to the Outback Steakhouse in Manhattan, the LongHorn Steakhouse in Queens, and the Texas Roadhouse in Teterboro, New Jersey, to see how the dining experiences compared. Outback Steakhouse, LongHorn Steakhouse, and Texas Roadhouse are the three biggest steakhouse chains in America, according to a 2019 Nation's Restaurant News report. I went to three New York City-area locations — the Outback Steakhouse in Manhattan, the LongHorn Steakhouse in Queens, and the Texas Roadhouse in Teterboro, New Jersey — to see how the dining experiences compared.

Persons: margarita, — Organizations: Texas, LongHorn, America . Texas, Texas Roadhouse, Service, New Locations: America ., America, Manhattan, Queens, Teterboro , New Jersey, That's, New York City

☆ I ate the same meal at Outback and LongHorn Steakhouse to see which would do it better, and the winner was superior in every way except service
▼ + stars: | 2019-07-28 | by ( Irene Jiang | ) www.businessinsider.com time to read: +2 min

Outback Steakhouse and LongHorn Steakhouse are both popular steakhouse chain restaurants. I went to an Outback Steakhouse in Manhattan and a LongHorn Steakhouse in Queens to see how the dining experiences compared. The quality of the food at LongHorn was better, and I was especially impressed by the house margarita and the signature appetizer. Having grown up in the Pacific Northwest, I'd never been to a LongHorn Steakhouse. AdvertisementI went to the Outback Steakhouse in Manhattan and the LongHorn Steakhouse in Queens.

Persons: margarita, —, I'd Organizations: LongHorn, Visit, Service, Force, Steakhouse Locations: Manhattan, Queens, Pacific Northwest

Search resuls for: "Longhorn"

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