Report
R.J. Hottovy
EUR 101.80 For Business Accounts Only

Menu changes, streamlined operations, and off-premises offer Darden a path to profitable growth.

In our view, the key takeaway from Darden Restaurants' third-quarter update shouldn't be changes in near-term promotional strategies but instead the operational foundation and new growth avenues the company has built at Olive Garden, which can be applied across the system over a longer horizon. Management's decision to not offer its "buy one, take one" promotion in the fourth quarter--which is likely to result in a slight decline in comparable-restaurant traffic--is grabbing headlines, but we sh...
Underlying
Darden Restaurants Inc

Provider
Morningstar
Morningstar

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Analysts
R.J. Hottovy

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