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Stock Market & Financial Investment News

News Breaks
September 20, 2013
08:46 EDTDRIDarden sees SSS for casual dining industry flat for rest of year
Darden said its blended same restaurant sales expectations for its three large brands assumes that same restaurant sales for the casual dining industry rebounds from its Q1. The company noted that its outlook assumes that comparable sales for the industry are flat for the balance of the year. The company noted that the Thanksgiving week, which is a soft sales week, falls in its fiscal Q3 this year, as compared to Q2 last year. The company sees the Thanksgiving shift to benefit Q2 blended same restaurant sales by approximately 100 basis points, and hurt Q3 blended same restaurant sales by a similar amount. Comments from Q1 earnings conference call.
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July 23, 2014
11:38 EDTDRIBrinker retreats after analyst downgrades on industry concerns
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July 15, 2014
13:20 EDTDRIStarboard sends letter to Darden board seeking new leadership
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July 11, 2014
06:34 EDTDRIDarden New York automatic tip suit granted dismissal, Reuters says
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