Olive Garden-owner Darden partners with Uber for delivery; shares jump

Darden Restaurants News

Olive Garden-owner Darden partners with Uber for delivery; shares jump
Olive GardenUber TechnologiesPremarket Trading
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The partnership is set to kick off as a pilot program at some Olive Garden locations in the United States in late 2024 and expand to all 900 outlets across...

- Olive Garden -owner Darden Restaurants said on Thursday it has entered into a delivery deal with Uber Technologies , sending its shares up about 7% in premarket trading .

Darden missed its first-quarter sales and profit estimates on Thursday, hurt by sequential decline in customer traffic amid sticky inflation. "The significant step down in traffic during July, led to our first quarter earnings being lower than expected," said CFO Raj Vennam, as the company reiterated its annual forecasts.

The European Commission plans to come up with its own measures that Apple has to follow to ensure interoperability if it doesn't want to pay huge fines.The second day of Info-Tech LIVE 2024 continued to build momentum with a series of impactful sessions to help IT leaders tackle the challenges of the exponentially changing technology environment. Day two delivered valuable insights to over 2,000 IT professionals, covering topics such as AI, leadership, and modernizing IT frameworks.

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Olive Garden Uber Technologies Premarket Trading Competitive Advantages Rick Cardenas

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