Olive Garden parent company shrugs off concerns of plummeting consumer confidence because restaurant goers continue ‘to treat themselves and splurge’
How does a restaurant conglomerate that relies on customers’ discretionary income earn a minor stock rally during a period of declining consumer confidence? By showing Wall Street that while consumers might be worried, they’re still hungry. Darden Restaurants, the parent company of popular chains like Olive Garden and Longhorn’s Steakhouse, saw its stock pop as … Read more