DRI

A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner's same-store sales shrank for the first time since the pandemic.Shares of the company fell more than 4% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $2.62 adjusted, meeting…

An Olive Garden restaurant in Fremont, California, US, on Thursday, Sept. 14, 2023. Darden Restaurants Inc. is scheduled to release earnings figures on September 21.Bloomberg | Getty ImagesDarden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains like Olive Garden and LongHorn Steakhouse.Here's what the company reported for its fiscal second quarter ending Nov. 26 compared with what Wall Street was expecting, based on a survey of…

Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Thursday reported quarterly earnings that topped Wall Street's expectations, fueled by strong LongHorn Steakhouse sales.But investors were disappointed by the company's forecast for fiscal 2024. Darden is anticipating adjusted earnings per share from continuing operations of $8.55 to $8.85, but analysts surveyed by Refinitiv were expecting earnings of $8.79 per…

Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022.David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Thursday raised its revenue outlook for fiscal 2023 for the second consecutive quarter after reporting results that showed growth across the board.For its 2023, Darden now expects sales of $10.45 billion to $10.5 billion, up from its prior range of $10.3 billion to $10.45 billion.Darden CEO Rick Cardenas credited the quarter's strong sales growth to its strategy…

The Directorate of Revenue Intelligence (DRI) has seized mobile accessories, e-cigarettes, branded bags and cosmetics worth Rs 80 crore from Mundra port in Gujarat's Kutch district and arrested two persons, an official said on Monday. The articles were concealed in a consignment of garment accessories and ladies footwear having a declared value of Rs 1.5 crore, he said. As per an official release, two persons were arrested even as a probe revealed that the importers did not exist at the registered premises. DRI officials…

Darden DRI -2.07% Darden DRI -2.07% Restaurants Inc. said sales rose 9.4% in its latest quarter as diners continue to eat out, while profit edged lower as the restaurant company faced soaring costs for food and labor. The owner of Olive Garden, LongHorn Steakhouse and other sit-down restaurants on Friday also raised its guidance for its current fiscal year.  The Orlando, Fla.-based…

Many big U.S. businesses say they have been able to increase prices this year with limited pushback from customers. Not all the changes are leading to higher corporate profits. Cintas Corp. CTAS -0.18% , which rents and sells uniforms, and Vulcan Materials Co. VMC 0.44% which sells gravel and crushed stone, have reported widening profit margins as they raised prices.…

An order of breadsticks from a Darden Restaurants Inc. Olive GardenGetty ImagesDarden Restaurants on Thursday reported mixed quarterly results but stood by its outlook for fiscal 2023, predicting inflation will cool in coming quarters.The parent company of Olive Garden and LongHorn Steakhouse said net sales for the fiscal first quarter rose 6.1% to $2.45 billion, which was short of Wall Street's expectations. Darden has tried to draw customers by pricing below its rivals and limiting how much of its rising costs it passes…

Darden DRI -4.49% Restaurants Inc. posted a 16.4% drop in quarterly profit as higher sales at Olive Garden and the company’s other restaurants failed to offset rising food and labor costs. Darden, which also operates chains such as LongHorn Steakhouse and Capital Grille, on Thursday said sales rose 6.1% in its fiscal first quarter to $2.45 billion, just under the $2.47 billion Wall Street analysts had been expecting.…

The government is looking into cases of alleged tax evasion by three mobile companies from China — Oppo, Vivo India and Xiaomi — and notices have been issued to them, Union Finance Minister Nirmala Sitharaman said on Tuesday. "The Department of Revenue Intelligence (DRI) has issued notice to Oppo, the mobile company, for a total customs duty of Rs 4,389 crore, and these are on the grounds of misdeclaration of certain goods, leading to a short payment in customs duty. That duty evasion, we think, is about Rs 2,981 crores,"…