DRI - Darden Restaurants: Why Ruth's Chris Works and Red Lobster Didn't
2023-05-07 09:45:00 ET
Darden Restaurants (NYSE: DRI) may not be a household name, but the restaurants it owns are ones you have probably heard of before. The biggest is Olive Garden, a business that has been performing fairly well of late. However, the bigger news today is the company's plan to buy Ruth's Hospitality Group (NASDAQ: RUTH) . Here's why it should be a great fit.
Although Italian casual dining brand Olive Garden makes up around half of Darden's revenue, the company actually has a very broad portfolio. Yes, Olive Garden has outsized importance, but the company also operates LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's.
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Darden Restaurants: Why Ruth's Chris Works and Red Lobster Didn't