earnings

Financing

Olive Garden shakes things up after traffic falls again

The casual-dining chain is making a flurry of efforts to get more customers in the door, including adding delivery and reviving old menu items.

Financing

Olive Garden is adding on-demand delivery

The casual-dining chain, a longtime delivery holdout, is partnering with Uber Eats on a direct integration. Other Darden Restaurants concepts will follow.

The food-and-games chain improved profitability last quarter, despite a sales environment executives described as “complex and challenging.”

Same-store sales grew 17.5% during the first half of 2024 for the fast-casual, chicken-finger specialist, mostly driven by traffic.

The burger chain joins a growing number of fast-casual chains using AI-driven technology to better manage staffing.

The coffee chain, which had been expanding aggressively in the country, has seen sales plunge there amid growing competition.

A shareholder has filed a class-action lawsuit accusing the coffee shop giant of making overly rosy projections late last year before its sales, particularly in China, turned starkly south.

The restaurants to be shuttered are in California, Ohio and Texas. The company blamed changes in the trade areas and cannibalization from its nearby restaurants.

The Bottom Line: Some restaurant chains did extremely well, others less so. And even those that seemingly did well did not do well, at least if you ask Wall Street.

Customers say they’re more satisfied with the burger chain’s food and service, but fewer are choosing to visit. That has dimmed the chain's near-term outlook.

  • Page 5