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Olive Garden

All articles tagged with #olive garden

LongHorn Tops Darden Q4; Olive Garden Lag Highlights Cautious 2027 Outlook
business17 days ago

LongHorn Tops Darden Q4; Olive Garden Lag Highlights Cautious 2027 Outlook

Darden posted mixed Q4 results: adjusted EPS of $3.66 on revenue of $3.72 billion (EPS beat, revenue miss); same-store sales rose 4.6% overall, led by LongHorn at 9.5% while Olive Garden grew 2.4% and the fine-dining segment (The Capital Grille and Ruth's Chris) 1.9%. An extra fiscal week boosted sales. For fiscal 2027, the company guides $13.60-$13.75 billion in revenue and $11.10-$11.35 in EPS, with 2.5%-3.5% SSS growth and 75-80 new locations; shares fell about 3% premarket as investors weighed the results against Street expectations.

Olive Garden's 'Never Ending Pasta Bowl' Returns with New Flavors for 2025
business10 months ago

Olive Garden's 'Never Ending Pasta Bowl' Returns with New Flavors for 2025

Despite rising inflation and menu costs, Olive Garden has maintained the price of its 'Never Ending Pasta Bowl' at $13.99 for four years, likely leveraging increased customer spending on additional items and bulk pasta purchasing to sustain profitability, while other casual dining chains focus on value promotions to attract budget-conscious consumers.

The Hidden Origin of Olive Garden’s Top Special
business1 year ago

The Hidden Origin of Olive Garden’s Top Special

Olive Garden's popular 'endless' breadsticks, soup, and salad originated in 1982 as a cost-effective way to manage demand and have become a core part of its brand identity, offering value and fostering customer loyalty despite profitability pressures. The chain continues to emphasize these offerings, which contribute to its recent sales growth and customer retention, with no plans to alter this tradition.

Darden Restaurants Raises Sales Forecast Amid Mixed Q2 Results
business1 year ago

Darden Restaurants Raises Sales Forecast Amid Mixed Q2 Results

Darden Restaurants exceeded quarterly sales estimates and raised its annual same-store sales forecast above analyst expectations, driven by strong demand at casual dining chains like Olive Garden, supported by menu innovations, delivery services, and promotional offers. Shares rose 3% premarket, despite a slightly lower forecast for annual earnings per share.

Olive Garden Investigates Mysterious Breadstick 'Letters' Claim
food-and-dining1 year ago

Olive Garden Investigates Mysterious Breadstick 'Letters' Claim

A diner at Olive Garden claimed to find letters and numbers on a breadstick, prompting the restaurant to express concern and request more information. The incident went viral on TikTok, with over 3.5 million views, and sparked various theories about the markings, including one from an alleged employee suggesting they came from the breadstick's packaging. Olive Garden responded by offering the customer a $100 gift card, which was praised by many as good customer service.

"Darden Faces Sales Decline as Lower-Income Diners Pull Back"
business2 years ago

"Darden Faces Sales Decline as Lower-Income Diners Pull Back"

Darden Restaurants Inc., the owner of Olive Garden, experienced an 11% stock plummet after reporting lower-than-expected revenue and a pullback in consumer spending, particularly among lower income and older customers. The company attributed this trend to unfavorable weather conditions, elevated inflation, and changing consumer behavior. Despite acquiring new restaurants, only LongHorn Steakhouse saw growth in same-store sales. Darden updated its fiscal 2024 financial outlook, expecting sales for the fourth quarter to be approximately $11.4 billion and planning to open 50 to 55 new restaurants during the period.