Radek Strnad
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Darden Restaurants Surpasses Expectations with 6.8% Sales Growth and Strong Expansion Strategy
Broke On: Thursday, 20 June 2024Darden Restaurants, parent company of Olive Garden and LongHorn Steakhouse, reported Q4 2024 earnings surpassing estimates with a 6.8% sales increase to $3 billion. The addition of new restaurants and focus on fundamentals drove growth. Looking ahead, revenue is projected to reach $11.8-11.9 billion in FY2025, significantly higher than analyst consensus. Despite declines in same-restaurant sales for Olive Garden and Fine Dining segments, LongHorn Steakhouse showed a 4.0% increase and the company continued its dividend and share repurchase program.