DRI - Rich People Aren't Spending As Much At Steakhouses: Recession Warning Sign? | Benzinga
Darden Restaurants Inc (NYSE: DRI) reported earnings before Thursday's market open, slightly beating EPS and revenue estimates. The company saw weaker growth in the fine dining sector compared to the more casual restaurants it owns.
What Is Darden? Darden is a major restaurant conglomerate that owns and operates a number of recognizable restaurant chains like Olive Garden, LongHorn Steakhouse, Cheddar’s and more. The company also owns and operates higher-end restaurants like Capital Grille, Seasons 52 and the recently acquired Ruth Chris Steakhouse.
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