
Darden's Numbers Indicate a Shift in Outlook

By Jim Cramer
About this article:
Darden's Red Lobster and Olive Garden numbers truly did resonate as a change at the margin last night. Red Lobster had a terrific January and Olive Garden a fabulous February, both of which were unexpected by Wall Street, although the expensive Capitol Grille's numbers were more in keeping with the negative consumer spend worldview.
These numbers are important because they show that the consumer is alive and well and willing to spend on bargains, and both Red Lobster and Olive Garden -- two of my favorite places -- are bargains because of their various all-you-can-eat promotions.
You get good numbers out of Red Lobster and Darden when you are feeling pretty good mostly because you have a few more dollars in your pocket. I think that reflects the almost-forgotten declines in heating bills and gasoline bills that were very important to the change in psyche for the...

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