Darden Restaurants Details Its Cash Challenge
Darden Restaurants (NYSE: DRI) is one of the businesses most directly affected by the COVID-19 pandemic. The owner of the Olive Garden and Longhorn Steakhouse brands has seen its sales collapse as state and local governments mandate the temporary halting of sit-down dining to promote social distancing.
The company's ability to weather that disruption has topped the list of investors' worries, so CEO Gene Lee and his team spent most of their latest earnings call outlining their plan to stay financially solvent. Let's look at highlights from that presentation, including why executives are confident any cash crunch will be many months away.
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Source Fool.com
