|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||112.80 - 113.90|
|52-week range||112.80 - 113.90|
|Beta (5Y monthly)||1.32|
|PE ratio (TTM)||14.32|
|Earnings date||21 Sept 2022 - 26 Sept 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Investors in Darden Restaurants (NYSE: DRI) had some big questions heading into its latest earnings report. While growth at the restaurant chain had been solid in early 2022, the owner of such popular dining brands as Olive Garden and Longhorn Steakhouse had seen soaring costs on everything from labor to food inputs. Investors were also worried about a sharp slowdown ahead as consumers begin cutting expenses in response to inflation spikes.
(Bloomberg) -- Runaway food inflation may be tamed soon — at least temporarily — as farm commodities tumble after a surge that pushed up prices of everything from bread to chicken wings.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataA $2 Trillion Free-Fall Rattles Crypto to the CoreHyundai Quietly Climbs the EV Sales Charts
Darden's (DRI) performance is likely to reflect the impact of high costs and traffic woes.