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Darden Restaurants raised its annual sales forecast, expecting same-restaurant sales to rise between 3.5% and 4.3% in fiscal 2026. The company has absorbed tariff-related costs without raising prices, attracting diners seeking affordable options. Darden's shares rose 5% after surpassing second-quarter sales expectations. The company reaffirmed its annual earnings per share forecast and expanded delivery through Uber Direct. Olive Garden and LongHorn Steakhouse saw significant sales increases, driven by menu innovation and value-focused promotions.
Darden Restaurants reported higher fiscal second-quarter sales and profit and raised its full-year sales-growth guidance as it shrugged off impacts from soaring beef prices.
Darden Restaurants Fiscal Q2 Adjusted Earnings, Revenue Increase; Fiscal 2026 Sales Growth Outlook Lifted
KeyCorp upgraded Dutch Bros (NYSE:BROS) to a "strong-buy" rating. Other analysts also raised their price targets, with Mizuho and Royal Bank of Canada giving "outperform" ratings. Dutch Bros has an average rating of "Moderate Buy" and a target price of $76.68. The stock opened at $63.05, with a market cap of $10.37 billion. Insiders sold significant shares recently, and institutional investors adjusted their stakes in the company.
Shares of Olive Garden parent Darden Restaurantsup about 4% at $197 premarketCo raises annual sales forecasts on resilient demand across its casual dining chainsExpects annual total sales growth in the range of 8.5% to 9.3%, compared to previous projection of 7.5% to 8.5% risePosts Q2 sales rise of 7.3% to $3.10 billion, compared with analysts’ estimates of $3.07 billion - data compiled by LSEGReports Q2 adjusted EPS of $2.08 per share vs estimate of $2.10 per shareAs of last close, stock up ~2% YTD
