Darden Restaurants Weathers Negative Q1 Results Amid Food Inflation Concerns

about 1 month ago

Carol Masser

"Darden Restaurants, ticker DRI. Now, looking at this stock down almost 7% on Paysport's worst day since May of 2022.... its first quarter comparable sales, unfortunately, at its core restaurant brand. So the two I mentioned, Olive Garden as well as Longhorn, disappointed. So those profit expectations trailing Wall Street expectations for the quarter."

Darden Restaurants (DRI) is under pressure, having dropped nearly 7% amid disappointing Q1 comparable sales from its key brands (Olive Garden and Longhorn) and concerns over food inflation affecting profitability. The commentary reflects a bearish view based on the gap between actual results and Wall Street expectations.

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