reports
- R.J. Hottovy
Menu changes, streamlined operations, and off-premises offer Darden a ...
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...
- R.J. Hottovy
Near-Term Promotional Strategy Changes Shouldn't Detract From Darden's...
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...
- R.J. Hottovy
Menu changes, off-premises sales, and simplified operations helping Da...
Darden's fourth-quarter update offered a blueprint for casual-dining chains looking to stay relevant in an uneven restaurant environment, with guest experience, menu management, off-premise sales, and operational simplification driving companywide comp growth of 3.3% (outpacing ex-Darden industry trends by 480 basis points). More important, Darden appears to be well positioned to migrate the best practices driving core brand outperformance to its other concepts, including more effective opening ...
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