Darden's Olive Garden, LongHorn Steakhouse Suffer Sales Slump [TheStreet.com]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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Source: TheStreet.com
Shares of Darden Restaurants(DRIGet ReportDarden also announced a $270 million loan.Olive Garden's sales fell 34.5% for the fiscal third quarter to date -- from Feb. 24 through April 5. Darden’s LongHorn Steakhouse saw its sales plummet 36.4% during the period.Overall, the company’s same-store restaurant sales slid 39.1%.But with many of its restaurant units closed for in-house dining, Olive Garden doubled its off-premise sales, and LongHorn Steakhouse tripled its off-premise sales.“More than 99% of our restaurants remain open, with the remaining restaurants temporarily closed due to limited demand or other operational constraints,” Darden CEO Gene Lee said in a statement.“We will continue to evaluate potential closures on an ongoing basis," the CEO said.The company said it was furloughing some workers at its support center.Darden also said it entered into a $270 million term loan credit agreement to “maximize financial flexibility and further bolster liquidity as a precautionary meas
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News
- Darden Restaurants (NYSE:DRI) had its price target lowered by analysts at Citigroup Inc. from $239.00 to $232.00. They now have a "buy" rating on the stock.MarketBeat
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- Why The Narrative Around Darden Is Shifting After Analyst and Earnings Updates [Yahoo! Finance]Yahoo! Finance
- Darden Restaurants (NYSE:DRI) was given a new $185.00 price target on by analysts at Mizuho.MarketBeat
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DRI
Earnings
- 9/18/25 - Beat
DRI
Sec Filings
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- 11/12/25 - Form 4
- DRI's page on the SEC website