Olive Garden is still a hit with pasta lovers [CNNMoney.com]
Nathan's Famous, Inc. (NATH)
US:NASDAQ Investor Relations:
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Source: CNNMoney.com
Olive Garden is still a hit with pasta loversOlive Garden has done it again.Darden Restaurants, the owner of the popular Italian restaurant chain, reported sales and earnings Tuesday that topped forecasts. It also raised its outlook for the full fiscal year thanks to strong results from Olive Garden.Darden (DRI) also owns several other chains, including LongHorn Steakhouse, Yard House and Bahama Breeze.But Olive Garden still makes up about half of the company's total sales and profits -- and it's clear that consumers still love breadsticks and never ending pasta bowls.Darden said that Olive Garden's same-store sales, which measures the performance of restaurants open at least a year, were up 3% in the latest quarter -- impressive growth for a chain of its size and age.But what was most notable about the sales boost is that Olive Garden didn't just rely on price hikes and menu changes to lift sales. Traffic, i.e. the number of customers coming to the restaurants, rose 1.1% in the quar
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NATH
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NATH
Sec Filings
- 3/1/24 - Form 4
- 2/23/24 - Form 4
- 2/1/24 - Form 10-Q
- NATH's page on the SEC website