Reported about 2 hours ago
Darden Restaurants, the parent company of Olive Garden, reported first quarter earnings that fell short of Wall Street expectations, leading to a decline in its stock price. Despite this miss, analyst Gregory Francfort from Guggenheim Securities believes the stock remains a buy due to ongoing growth in unit expansion and solid same-store sales, emphasizing that the company is responding to customer demands for value and healthier options. He highlights Darden's competitive positioning within the restaurant space, suggesting long-term growth prospects.
Source: YAHOO