Today on the restaurant daily podcast, we’re talking about Darden’s latest acquisition news. Domino’s is looking at a mixed bag in terms of earnings, with strong sales but a hit to its stock.
On Wednesday, casual-dining giant Darden Restaurants announced it was planning to buy Tex-Mex chain Chuy’s, which has 101 restaurants in 15 states, for $37.50 a share. The acquisition, which would be Darden’s second over the last year, would bring the company its first Mexican brand.
Domino’s reported 4.8% same-store sales growth for the second quarter, yet the company’s stock took a 14% nosedive after failing to meet investors’ expectations, specifically in international markets. On the call, executives shared their thoughts on value.
On Wednesday, Tender Greens and its parent company One Table Restaurant Brands, which also owns Tocaya, filed for Chapter 11 bankruptcy protection and shared what it’s doing to ensure its future.
Get all of these stories and more above in today’s episode of Restaurant Daily.
