Investors can learn a lot about inflation and the consumer from Olive Garden operator’s conference call

On its face, it was a fine quarter for Darden Restaurants: The company posted a modest 3-cent earnings beat and revenues were a bit above estimates. But let’s dive deeper to reveal some concerns. The restaurant operator, whose brands include Olive Garden and The Capital Grille, just completed its fiscal year and reported its fourth-quarter … Read more

Accenture, Darden Restaurants, FactSet and more

Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut the top end of its projected earnings range due … Read more

Look for more selling pressure next week as investors learn the hard way not to fight the Fed

Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to Congress” on Capitol Hill in Washington, July 15, 2021. Kevin Lamarque | Reuters Wall Street and the Federal Reserve appeared to enter a new reality … Read more

Restaurant traffic weakened in April, but there are some safe havens for investors

Restaurants suffered a slight softening of traffic in April, according to new data, as Americans contended with soaring inflation and talk of a potential recession over the next year. Restaurant meal prices were up 9% in April compared to pre-pandemic levels in 2019, according to a report from the NPD group, which conducts market research … Read more

These are the cheapest stocks in the S&P 500 that could be buying opportunities

The last two months have been chaotic for Wall Street as big technology giants like Alphabet and Netflix stretch further into bear market territory and the S&P 500 verges on a bear market of its own. While short-term selling could be far from over, current market conditions may mark an opportune time for long-term investors … Read more

Restaurants are getting creative with menus to counter soaring food costs

Long Beach Fish Grill’s menu board Source: Jessica Dinglasan Jessica Dinglasan, owner of Long Beach Fish Grill in Long Beach, California, never used to write “market price” on her menu. But now the halibut fish she sources costs more than $ 30 a pound, nearly double what it was a year ago, and the 13-gallon … Read more

How to trade restaurant stocks as higher gas prices hit consumers, according to Piper Sandler

History shows that dine-in restaurants, like Olive Garden’s parent Darden, outperform when oil prices surge, the firm found.

KB Home, Spotify, Nikola and others

Check out the companies making headlines before the bell: Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains reported quarterly earnings of $ 1.93 per share, missing the $ 2.10 consensus estimate, with revenue and comparable-store sales also below analyst forecasts. Darden said the omicron variant significantly impacted guest demand, staffing … Read more

Darden Restaurants (DRI) Q3 2022 earnings miss estimates

An Olive Garden restaurant in Times Square in New York. Richard Levine | Corbis | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as the omicron variant led to disappointing sales for Olive Garden. The company also lowered its earnings outlook for fiscal 2022. Darden shares fell as … Read more

Investors come off a strong week looking for more gains now that they have some clarity from the Fed

Traders work on the floor of the New York Stock Exchange (NYSE) on February 04, 2022 in New York City. Spencer Platt | Getty Images With the Federal Reserve’s first rate hike out of the way, market pros are now debating whether the market can continue the upswing it started in the past week. A … Read more