Full-service restaurant giant Darden is pulling back on third-party delivery to avoid alienating price-sensitive consumers, focusing instead on dine-in and pickup. The company shared Friday (Dec. 15) on a call with analysts discussing its second-quarter fiscal 2024 earnings results that it has shut down delivery...
As consumers struggle with ongoing budgetary pressures, many are reining in their alcohol spending at nice restaurants by sticking to more budget-friendly brands, Darden Restaurants observed. The full-service restaurant (FSR) group, which is the parent company of Olive Garden, LongHorn Steakhouse, and a number of...
Casual dining brands are realizing on-premises is no longer enough to retain today’s consumers’ loyalty. In recent months, leaders in the category have been emphasizing growth in their digital businesses. For instance, Brinker International, parent company of Chili’s Grill & Bar and Maggiano’s Little Italy,...
Darden, the parent company of a range of popular full-service restaurant (FSR) brands including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen and others, continues to opt out of the delivery game, despite widespread demand for the channel. Darden President and CEO Rick Cardenas argued on...
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 quarter, driven primarily by its recently-acquired Ruth’s Chris Steakhouse chain. However, a recurring theme during the company’s earnings call was pullback among lower-income consumers. “We’re clearly seeing consumer behavior […]
August 23, 2018
Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. In a press release, the restaurant chain operator said it was notified...
