Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants. The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed sales up 6.8% for the quarter, driven primarily by its recently-acquired Ruth’s Chris Steakhouse chain. However, a recurring theme during the company’s earnings...
As restaurants look to drive traffic amid menu price inflation, more than 1 in 4 consumers are not making restaurant purchases at all, PYMNTS Intelligence revealed. By the Numbers PYMNTS’ study “Consumer Interest in an Everyday App,” created in collaboration with PayPal, drew from a...
Darden Restaurants, the parent company of popular dining chains including Olive Garden, The Capital Grille and LongHorn Steakhouse, has adopted a strategic shift in its marketing approach. Instead of relying heavily on short-term promotions, the company is focusing on building brand equity — the value...
As consumers struggle with ongoing budgetary pressures, many are reining in their alcohol spending at nice restaurants by sticking to more budget-friendly brands, Darden Restaurants observed. The full-service restaurant (FSR) group, which is the parent company of Olive Garden, LongHorn Steakhouse, and a number of...
September 23, 2019
To-go service is getting more important, and online ordering still needs to be made simpler. Those are among the main lessons from the latest report that helps to detail digital and mobile progress in the world of quick-service restaurants (QSRs). As PYMNTS readers know, the QSR industry is undergoing historic innovation and disruption — and […]
June 20, 2024
Darden Restaurants saw its same-store sales slip at its fine dining locations amid consumers’ concerns about inflation and the job market. Rick Cardenas, president and CEO at Darden Restaurants, said Thursday (June 20) that those concerns are greatest among consumers with incomes below the median household income of $75,000 and especially among those with incomes […]
March 21, 2024
Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants. The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed sales up 6.8% for the...
September 22, 2023
Darden Restaurants, the parent company of popular dining chains including Olive Garden, The Capital Grille and LongHorn Steakhouse, has adopted a strategic shift in its marketing approach. Instead of relying...
December 18, 2020
Darden Restaurants, Inc. reported Friday (Dec. 18) as part of its fiscal Q2 2021 earnings that total sales dropped 19.4 percent — fueled by a 20.6 percent drop in blended...
