Darden Restaurants - Restaurant chain benefits from rising consumer spending, Chuy’s acquisition significantly boosts earnings!

Business Driver: Darden Restaurants (DRI ) has established a strong position in the Casual Dining sector with well-known core brands like Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Eddie V’s, and Yard House. Thanks to the acquisition of the steakhouse chain Ruth’s Chris Steak House and the fast-food chain Chuy’s, which specializes in Tex-Mex cuisine, Darden Restaurants continues to thrive. In the recently concluded Q1, they slightly missed analyst estimates of $2.00 with an EPS increase from $1.75 to $1.95. However, they...