TradingKey – Darden Restaurants closed at $206.74 on the September 17th trading day. This is exactly in line with the $206.70 reported in the reference. Trading below the trendline and $207.25 hints at further declines before the Q1 report on 9/24. Q1 reports are important, but not as important as the consolidated reports. LongHorn Steakhouse has been a positive surprise in the last couple of quarters and helps to support the overall outlook and guidance given. With inflation hitting price points for all food suppliers, the main concern is how Olive Garden traffic numbers are looking since higher food, energy and financing costs are pressuring margins and consumer spending.
Q1 Earnings Are the Next Major Catalyst
Darden is scheduled to…






