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Darden Restaurants Beats Wall Street Expectations

ORLANDO, Fla. (AP) — Darden Restaurants Inc. (DRI) on Thursday reported fiscal fourth-quarter net income of $281.7 million. The Orlando, Florida-based company said it had net income of $2.24 per share. The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share. The owner of Olive Garden and other chain restaurants posted revenue of $2.6 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $2.54 billion. For the year, the company reported ...

As Inflation Rises, Use A Midyear Checklist

A lot can happen in six months. That’s why, as we close out the first half of the year, it makes sense to check in on your financial life. “With inflation, I think people this year are more heavily impacted than they probably have been in many years leading up to this point,” says Jason ...

Small Businesses Are Facing ‘Summer Of Uncertainty’

NEW YORK — Small businesses that depend on outdoor crowds and free-spending tourists aren’t sure what to expect this summer. Consumers likely have a lot of pent-up demand after more than two years of the pandemic. But they’re also facing some significant financial headwinds because of ...

Mastercard: Back-To School Sales To Be Up 7.5%

NEW YORK — The 2022 back-to-school shopping season should enjoy strong sales increases from a year ago, fueled by a heavy demand for trendy fashion, though the growth won’t be as robust as last year when business was rebounding from pandemic-related virtual schooling. Mastercard ...

Steve Swanson Joins CCB

Steve Swanson has joined Cattaraugus County Bank as senior vice president, commercial lending team leader. Swanson will be responsible for growing CCB’s commercial loan portfolio as the leader of the commercial lending team. “I am thrilled to have the opportunity to lead a great team ...

Retail Sales Slip .3% As Inflation Surges

NEW YORK — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S. retail sales slipped 0.3% last month, down from a ...