Sun. Dec 22nd, 2024

Darden, Olive Garden Parent, Stocks Pop After Delivery Deal Announcement

Shares of Darden Restaurants Inc, the parent company of Olive Garden and LongHorn Steakhouse, surged on Tuesday after the company announced a deal with Uber Technologies Inc to offer delivery from more of its restaurants. The partnership will expand delivery from about 1,300 Darden locations to around 2,000, including Olive Garden, LongHorn Steakhouse, and Cheddar’s Scratch Kitchen. Darden’s stock was up 7.4% in midday trading, while Uber’s stock was up 1.5%.

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