Reported 19 days ago
Darden Restaurants, the parent company of Olive Garden, experienced a stock spike after announcing a multiyear partnership with Uber to leverage its delivery services. This marked a significant shift for Darden, which had previously resisted third-party delivery apps. Despite disappointing earnings, Darden's shares rose nearly 9%, while Uber's stock rose approximately 3%. Analysts see the deal as a potential positive for Darden, although some caution that the delivery program may not yield significant sales increases compared to competitors.
Source: YAHOO