Darden Restaurants’ sales climbed this quarter despite diners shying away from its fine-dining establishments. The company, owner of chains such as Olive Garden and LongHorn Steakhouse, released earnings Thursday (Dec. 19) that showed total sales increasing 6% to $2.9 billion. While sales were up 7.5% at LongHorn and 2% for...
In an increasingly fast-paced dining landscape, Darden Restaurants is under pressure to improve operational efficiency across its diverse portfolio, which includes Olive Garden, LongHorn Steakhouse, and fine dining establishments like The Capital Grille. Darden Restaurants President and CEO Rick Cardenas acknowledged the need for speed during...
Darden Restaurants saw its same-store sales slip at its fine dining locations amid consumers’ concerns about inflation and the job market. Rick Cardenas, president and CEO at Darden Restaurants, said Thursday (June 20) that those concerns are greatest among consumers with incomes below the median...
Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants. The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed sales up 6.8% for the quarter, driven primarily by its recently-acquired Ruth’s Chris Steakhouse chain. However, a recurring theme during the company’s earnings...
September 23, 2019
To-go service is getting more important, and online ordering still needs to be made simpler. Those are among the main lessons from the latest report that helps to detail digital and mobile progress in the world of quick-service restaurants (QSRs). As PYMNTS readers know, the QSR industry is undergoing historic innovation and disruption — and […]
September 18, 2025
Darden Restaurants is seeing sales grow in the face of spiking food costs. The company, which owns chains that include Olive Garden and Longhorn Steakhouse, posted quarterly earnings Thursday (Sept. 18) that indicated resilience in consumer spending on casual dining despite wider economic pressures. The company reported a 4.7% increase in adjusted earnings of $1.97 […]
December 19, 2024
Darden Restaurants’ sales climbed this quarter despite diners shying away from its fine-dining establishments. The company, owner of chains such as Olive Garden and LongHorn Steakhouse, released earnings Thursday (Dec. 19) that showed total sales...
June 20, 2024
Darden Restaurants saw its same-store sales slip at its fine dining locations amid consumers’ concerns about inflation and the job market. Rick Cardenas, president and CEO at Darden Restaurants, said...
March 21, 2024
Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants. The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed sales up 6.8% for the...