1. Darden Shares hit all-time high After CEO says Millennials are Not Actually Killing Chains like Olive Garden

    Darden Shares hit all-time high After CEO says Millennials are Not Actually Killing Chains like Olive Garden

    Darden Restaurant's shares are soaring, after the CEO of the company — which owns chains including Olive Garden and LongHorn Steakhouse — said that the casual dining industry's destruction at the hands of millennials has been over-hyped.

    "Millennials still want to come to restaurants," Gene Lee, Darden Restaurant's CEO, said in a call with investors on Tuesday. "I know you all don't think millennials go to casual dining restaurants, but 30% of all our guests are millennials...

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    1. Millennials still want to come to restaurants.
    2. Casual-dining restaurants face a uniquely challenging market today.
    3. Millennial consumers are more attracted than their elders to cooking at home, ordering delivery from restaurants, and eating quickly, in fast-casual or quick-serve restaurants.
    4. When you look at the alternatives out there in the marketplace today and who's creating buzz and creating excitement, it's gone away from chain casual dining.
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