Darden Stock Surges as LongHorn Steakhouse Strength Powers Sales Growth
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Darden Restaurants (DRI) saw a 14% surge in its stock price, leading the S&P 500 gainers, after reporting better-than-expected fiscal 2025 Q2 sales and adjusted profit, driven by strong performance from LongHorn Steakhouse.
December 19, 2024 | 5:30 pm
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Darden Restaurants' stock surged 14% due to better-than-expected fiscal 2025 Q2 sales and profit, driven by LongHorn Steakhouse's strong performance.
The 14% surge in Darden's stock price is directly linked to its fiscal 2025 Q2 earnings report, which exceeded expectations. The strong performance of LongHorn Steakhouse was a key driver, indicating robust sales growth. This positive earnings surprise is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100