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Tag: darden

Darden Restaurants (DRI) Q4 2020 earnings hurt by coronavirus closures

An Olive Garden restaurant in Times Square in New York. Richard Levine | Corbis | Getty Images Darden Restaurants on Thursday reported that same-store sales were nearly cut in half during the fiscal fourth quarter as dining room closures from the coronavirus pandemic weighed on its revenue. But the Olive Garden parent expects its business to …

Darden Restaurants (DRI) Q4 2020 earnings hurt by coronavirus closuresRead More

Darden CEO says consumers haven’t changed as coronavirus cases spike

A customer carries a to-go bag outside a Darden Restaurants Inc. Olive Garden restaurant in Clarksville, Indiana, U.S., on Thursday, March 5, 2020. Luke Sharrett | Bloomberg | Getty Images Darden Restaurants CEO Gene Lee said that the company has not seen any changes to consumer behavior even as Covid-19 cases begin to spike in some …

Darden CEO says consumers haven’t changed as coronavirus cases spikeRead More

Darden stock jumps as Olive Garden parent cuts executive pay, to-go sales skyrocket

A customer arrives at a Darden Restaurants Inc. Olive Garden location in San Antonio, Texas, U.S., on Thursday, June 14, 2018. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants said Tuesday that it is furloughing some restaurant support center employees and slashing executive pay as same-store sales plummet 39% so far in the fiscal fourth …

Darden stock jumps as Olive Garden parent cuts executive pay, to-go sales skyrocketRead More

Darden Restaurants (DRI) Q3 2020 earnings beat estimates, outlook pulled

A take-out order from a Darden Restaurants Inc. Olive Garden. Daniel Acker | Bloomberg | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, but the Olive Garden parent also withdrew its fiscal 2020 outlook and suspended its quarterly dividend, citing the coronavirus crisis. After the earnings report, shares swung wildly, trading …

Darden Restaurants (DRI) Q3 2020 earnings beat estimates, outlook pulledRead More

Darden begins offering paid sick leave to all workers amid coronavirus outbreak

Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants said Monday it is providing paid sick leave for all hourly workers across its restaurant chains. Olive Garden’s parent company said it has been working on the policy for a while, but sped up the process …

Darden begins offering paid sick leave to all workers amid coronavirus outbreakRead More