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0 0.00243674823724595 0.000622148486105374 0 -0.0037328909166321 -0.00326627955205307 -0.00456242223143921 0
Stock impact report

Americans Are Hungry for Deals. Olive Garden's 'Never Ending Pasta Bowl' Is Winning Them Over [Yahoo! Finance]

Darden Restaurants, Inc. (DRI) 
Last darden restaurants, inc. earnings: 3/19 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Executives also said Olive Garden has seen a growing number of higher-income customers at its restaurants. Olive Garden said its sales show Americans are growing more hungry for two things: value, and lots of pasta. Executives from Darden Restaurants ( DRI ), the parent company of Olive Garden, said during the company's earnings call Thursday that the restaurant chain saw a big boost in its quarterly sales, thanks in part to the popularity of its $13.99 "never ending pasta bowl" special. "Preference was strong and refill rates reached a record high demonstrating that guests continue to find abundance, and meaningful value at Olive Garden in this environment," CEO Rick Cardenas said, according to a transcript from AlphaSense. The CEO also said Olive Garden and Darden's LongHorn Steakhouse have seen a growing number of middle to higher-income customers, echoing other restaurant chains and retailers saying they're seeing consumers at higher income levels search for better deals. Show less Read more
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