Daily news
June 25, 2024

LongHorn up, Olive Garden down: Darden earnings hint at dinings sales drag

Darden Restaurants Inc., the parent company of LongHorn Steakhouse and Olive Garden, recently released its earnings report, which suggests a possible sales slump within the dining industry. While LongHorn Steakhouse showed an increased performance, Olive Garden experienced a decrease in their sales. This might indicate a broader issue affecting the overall restaurant industry as people change their dining habits or experience financial constraints, possibly brought on by factors such as the Covid-19 pandemic. However, these results are specific to Darden and may not reflect the status of the entire industry. Darden management and stakeholders are likely focused on strategies to improve across all their restaurants.