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Restaurant-chain Darden Restaurants(NYSE: DRI) took the economic fallout of COVID-19 mitigation efforts right on the chin. The parent company behind Olive Garden and LongHorn Steakhouse is trading 35% lower in 2020, even after bouncing nearly 180% higher from the market bottom in March.
It could've been worse, though. Darden's fourth-quarter results were dreadful compared to the year-ago period's figures, but the report still exceeded Wall Street's estimates across the board.