Why Darden Restaurants Lowered its Outlook
It hasn't been long since Darden Restaurants (NYSE: DRI) stock was popular with investors seeking to bet on a strong growth rebound associated with the waning of the pandemic. The idea was that the owner of major national brands, including Olive Garden, would see a huge traffic rebound as consumers returned to their pre-pandemic eating habits.
Darden's latest earnings report did show sharp sales gains compared to late 2020. However, that surge was tempered by several negative trends that are threatening the chain's short-term sales and earnings outlook.
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Source Fool.com
