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🍝 Darden Restaurants (DRI): stable growth in a volatile sector? Evercore says yes.
📈 Why does Evercore have confidence?
- Long-term stability and brand
Olive Garden (45% of sales) and LongHorn (25%) are strong brands with a loyal customer base. This allows us to predict sustainable growth without dramatic fluctuations. - Innovation without the risk of over-expansion
- Using Uber Direct...
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- Using Uber Direct...
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Darden Restaurants $DRI on Thursday reported a quarterly profit that beat Wall Street expectations, thanks to strong sales at its LongHorn Steakhouse restaurant.
The company also announced that former CEO Gene Lee plans to step down as chairman of the board. Lee retired more than a year ago from his position as CEO. He will not be running again at the company's annual...
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Wow, I've never heard of them either, it looks like a nice company in hindsight, starting in 2020 so it has nice growth. Too bad, catch it, it would have been awesome, now the price is pretty high, or are you expecting another ATH? 😊
It's not great, but $CAVA is an interesting business too and the performance is great.