DRI News and Press, Darden Restaurants Inc.

2024-07-23 10:36:52 ET Summary Fast food prices have risen twice the total inflation rate in the last ten years, with McDonald's, Popeyes, and Taco Bell leading the price increases. Eight in ten Americans consider fast food a luxury, leading to low traffic and stagnant same-store ...

2024-07-23 08:30:14 ET More on Darden Restaurants Rotate From Chuy's To Darden Post Deal Announcement Darden Restaurants: Rating Downgrade As Near-Term Demand Outlook Is Not Looking Good Darden Restaurants, Inc. (DRI) Q4 2024 Earnings Call Transcript Darden's...

2024-07-18 14:50:52 ET Summary Darden Restaurants shares fell 1% after announcing the acquisition of Chuy's Holdings, which saw a 48% jump in its stock price. Darden aims to pay $605 million for Chuy's, targeting $15 million in synergies and neutral EPS impact next year. Chuy'...

2024-07-18 08:15:33 ET More on Chuy's and Darden Restaurants Darden Restaurants: Rating Downgrade As Near-Term Demand Outlook Is Not Looking Good Darden Restaurants, Inc. (DRI) Q4 2024 Earnings Call Transcript Darden's Earnings Preview: Comparing LongHorn Steakhouse ...

2024-07-18 06:45:38 ET Summary Darden Restaurants acquires Chuy's Holdings for $605 million. Warner Bros. Discovery considers separating streaming and studio businesses. Beyond Meat engages with bondholders over restructuring. Listen below or on the go on Apple Pod...

2024-07-18 05:40:30 ET More on related stocks: Taiwan Semiconductor Manufacturing Company Limited 2024 Q2 - Results - Earnings Call Presentation TSMC: Crushing Sales Targets Ahead Of Q2 Earnings 5 Considerations Ahead Of Nokia's Q2 2024 Earnings Nokia declare...

2024-07-17 16:14:30 ET More on Darden Restaurants Darden Restaurants: Rating Downgrade As Near-Term Demand Outlook Is Not Looking Good Darden Restaurants, Inc. (DRI) Q4 2024 Earnings Call Transcript Darden's Earnings Preview: Comparing LongHorn Steakhouse Vs. Texas R...

Darden Restaurants to Acquire Chuy's Holdings, Inc. in Approximately $605 Million Transaction PR Newswire ORLANDO, Fla. and AUSTIN, Texas , July 17, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Chuy's Holdings, Inc. ("Chuy's") (Nasd...

2024-07-17 14:59:11 ET Summary I now recommend a sell rating. The consumer spending environment is pressuring demand, leading to potential for increased promotions by competitors and market share loss for DRI. Valuation for DRI is expected to compress if sales get pressured as...

2024-07-13 14:31:00 ET The S&P500 ( SP500 ) closed in the green on Friday, after investors digested quarterly results from big banks and data showing consumer prices cooling down in June, bolstering bets for a September rate cut. For the week, the Nasdaq ( COMP:IND ) los...