Weak economy pinches Red Lobster - my dish olive garden darden restaurants

You can add the owner of the Red Lobster and Olive Garden chain, Darden Restaurant, to a growing list of consumer companies that accuse the economy of weak sales prospects. Darden (DRI)
Say it is expected to drop sharply as well
Most of the chain stores in the third fiscal year, store sales-quarter.
The quarter will end next week.
Darton will officially announce the results on the 3 Th.
In particular, the CEO of Darton pointed out that the rise in payroll taxes and natural gas prices is a problem.
Some people worry, low.
Income and middle income
Higher taxes and rising energy costs will squeeze class consumers. Wal-Mart (WMT)
Thursday also warned of weak sales in February.
But Wall Street doesn't seem to care. Shares of Wal-
Wal-Mart rose Thursday.
Darton's shares rose 2% on Friday. What gives?
Stock traders have some ideas.
HowardWPenneythis explained that the dar mobile Darton restaurant purchased at Janney Capital stephanie _ linkjanney u/g $ DRI was upgraded to $ move.
Of course, so many others buy cheap in a weak situation.
I think that makes sense.
Denton shares have lagged behind other casual dining stocks.
The worst scenario is likely to be priced now, especially since Darden's 12-fold valuation of revenue estimates for fiscal 2014 is cheaper than rivals such as Chilley's owner, Brinker International (EAT)
DineEquity, parents of Applebee (DIN).
But not everyone believes.
Some traders have taken a novel approach to seeing bad news as bad news. Imagine that.
Mr_Abundance @ HedgeyeHWP: $ DRI Darton hotel guide Q3 $ month per share. 00-$1.
02 is $1 than FactSet. 12 . . . . Oh my. . .
"Further signs of consumer fatigue!
We shouldn't be surprised by this, but the softness of LH and high-end brands is notable.
Until the third quarter of the Comps cliff.
John is referring to the LongHorn Steakhouse.
Compared with other Darton brands, the chain's expectations fell relatively gently.
The company said it predicted 1.
5% decrease year on year
By contrast, store sales at Olive Garden fell by 4% and sales of Red Lobster fell by 7%.
People may be less likely to eat out. -
Even in relatively cheap places-
Until the economy is clearer.
Concerns over the fiscal cliff have been replaced by concerns about forced budget cuts.
You can't blame consumers for being nervous.
A businessman uses pop culture to cite particularly bad figures from Darton's seafood lover's home.
Do you want red lobster?
Marksman McGavin said there was obviously no one else because $ DRI was in pre-announcementHa!
Good reference for "Happy Gilmore.
The shooter is definitely one of the best villains in the comedian.
But investors seem to act like Rob Schneider. Come on Darden. You can do it!
It's time for readers to comment this week.
There have been several Twitter hacking incidents this week.
The one on Burger King (BKW)
Is the most striking.
I joked that while I definitely don't like being hacked, it would be an honor.
I think the worst thing someone can do is change my bio and say I'm a fan of the New York Rangers.
A follower goes further. Well-played. I report.
You know the rest.
Anyway, I'm going out next week.
Keep an eye on the Buzz blog for the latest market news.
But my contribution to the blog-
Seemingly unlimited Weibo-
It will resume in March 4.