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Uruguayan payments fintech Dlocal's shares plummeted after missing earnings forecasts and predicting increased spending to impact margins. Darden Restaurants faces challenges as lower-income consumers reduce spending, leading to a sales drop and lowered outlook.
🇺🇸 Darden posts first same-store sales decline since pandemic, offset by Ruth's Chris acquisition https://t.co/MGYqARdTR8
Darden Restaurants is seeing lower-income consumers pull back, CEO Rick Cardenas said, depriving some of the company’s major brands a key revenue stream. https://t.co/mjPK1GfbiW
Darden Restaurants Inc $DRI Earnings: - Diluted EPS of $2.60 - Adjusted Diluted EPS of $2.62 (+12% YoY) - Revenue of $3 billion (+6.8% YoY) - Consolidated same-restaurant sales decline of 1% “I am proud of our teams and the way they performed this quarter,” said Darden… https://t.co/zfnFvGUl8z
