Darden Restaurants saw stronger sales momentum in August, with LongHorn's same-store sales growth forecast raised by Bank of America from 4.2% to 6.5%, driven by market share gains and category strength. Olive Garden's forecast was lowered due to World Cup disruptions and shifting consumer spending. Overall, Darden's sales growth accelerated to 8.3% in August despite a slowdown in casual dining. Bank of America expects margin expansion and raised earnings estimates, maintaining a 'buy' rating with a $276 price target.
Darden Restaurants' sales growth accelerated to 8.3% in August despite a casual-dining slowdown, with LongHorn's same-store sales forecast raised and Olive Garden's lowered due to external factors. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Sep 24, 2026 01:31 WIB: out of 112 priced US stocks, 28 rose and 84 fell. Notable movers include Expedia Group Inc (EXPE) at USD 263.31 with a 1-day change of -6.20%, ThredUp Inc (TDUP) at USD 2.30 down 6.12%, and Airbnb, Inc. (ABNB) at USD 152.10 down 6.00%.
Costco Wholesale announced $93.9 billion in net sales for its fiscal Q4, up 11.3% from last year, with comparable sales rising 9.4%. The full earnings report on September 24 will reveal membership fees, total revenue, expenses, and profit details. An...
Jefferies reaffirmed its Buy rating on Life Time Group Holdings (LTH), citing a positive earnings outlook supported by a Zacks Rank of #2. The stock trades around $38.85 with a market cap near $8.68 billion. Despite this optimism, Executive Vice Pres...
Vanguard's International Dividend Appreciation ETF (VIGI) mirrors the popular U.S. dividend growth ETF (VIG) but invests globally, offering a 44% higher yield. While VIG focuses on U.S. companies with a long history of dividend increases, VIGI target...
Coeur Mining Inc., a U.S.-based precious metals producer with operations across North America, officially celebrated its new listing on the Toronto Stock Exchange (TSX). The company's Chairman and CEO, Mitchell J. Krebs, along with other executives, ...
Miivo AI Inc. announced its participation in the Muskoka Capital Event from September 25-27, 2026, where it will hold 18 scheduled meetings with institutional investors and high-net-worth individuals. The event aims to foster long-term capital relati...
