Darden Restaurants, Inc. (DRI) Q1 2025 Earnings Call Transcript
Darden Restaurants, Inc. (NYSE:DRI ) Q1 2025 Results Conference Call September 19, 2024 8:30 AM ET Company Participants Courtney Aquilla - Investor Relations Rick Cardenas - President and Chief Executive Officer Raj Vennam - Senior Vice President and Chief Financial Officer Conference Call Participants Brian Bittner - Oppenheimer Brian Harbour - Morgan Stanley Jon Tower - Citi Eric Gonzalez - KeyBanc Capital Markets Jeffrey Bernstein - Barclays David Palmer - Evercore ISI David Tarantino - Baird Chris O'Cull - Stifel Jim Salera - Stephens Jake Bartlett - Truist Securities Katherine Griffin - Bank of America Peter Saleh - BTIG Gregory Francfort - Guggenheim Securities Jeff Farmer - Gordon Haskett Danilo Gargiulo - Bernstein Lauren Silberman - Deutsche Bank Andy Barish - Jefferies John Ivankoe - JPMorgan Jim Sanderson - North Coast Research Brian Vaccaro - Raymond James Operator Hello, and welcome to the Darden Fiscal Year 2025 First Quarter Earnings Call. Your lines have been placed on a listen-only mode until the question-and-answer session.
Darden Restaurants: The Market Is Liking What It Sees
Darden Restaurants faced a challenging quarter with both revenue and earnings missing estimates, but favorable annual guidance and improving sales trends are driving the stock rally. Comparable sales were down overall, but LongHorn Steakhouse showed strong performance with a 3.7% increase, while other segments like Olive Garden and fine dining struggled. Despite the misses, Darden's dividend yield of 3.0% and ongoing share repurchases, coupled with expected future dividend increases, make it a solid long-term hold.
Restaurant Stock Surges on Delivery Partnership
Shares of Darden Restaurants Inc (NYSE:DRI) are up 7.3% at last glance today, trading at $170.77 after news that the Olive Garden parent is partnering with Uber Technologies (UBER) for delivery services.
Darden Restaurants (DRI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Darden Restaurants (DRI) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
DRI Rallies Off Outlook, AAPL Faces EU Warning, MU Price Target Slashed
The markets are enjoying a rally off a 50BPS rate cut from the Fed. Darden Restaurants (DRI) joined in after showing positive guidance and announcing a deal with Uber (UBER).
Darden Restaurants (DRI) Lags Q1 Earnings and Revenue Estimates
Darden Restaurants (DRI) came out with quarterly earnings of $1.75 per share, missing the Zacks Consensus Estimate of $1.81 per share. This compares to earnings of $1.78 per share a year ago.
Olive Garden parent Darden's Q1 earnings fall short after ‘significant' drop in traffic in July
Darden Restaurants Inc.'s stock rose 6% premarket Thursday, after the parent to Olive Garden, LongHorn Steakhouse and other restaurant chains' fiscal first-quarter earnings fell short of estimates, but it backed guidance for the full year.
Darden Restaurants earnings disappoint as Olive Garden, fine dining sales struggle
Darden Restaurants' earnings and revenue missed Wall Street's estimates in its fiscal first quarter. CEO Rick Cardenas said the company fell short of its own expectations for the quarter.
How To Earn $500 A Month From Darden Restaurants Stock Ahead Of Q1 Earnings
Darden Restaurants, Inc. DRI will release earnings results for its fiscal 2025 first quarter, before the opening bell on Thursday.
Darden's Q1 Earnings Coming Up: Will It Beat Estimates?
DRI's first-quarter fiscal 2025 performance is likely to have benefited from menu simplifications, unit-expansion efforts and Ruth's Chris integration.
Darden Restaurants: Olive Garden May Surprise Positively
Olive Garden's extensive footprint and dominant market position have not shielded it from challenges in a price-sensitive environment, necessitating a shift towards value promotions. Longhorn Steakhouse, Darden's second-largest brand, continues to perform well without heavy promotions, highlighting the importance of perceived value in the restaurant industry. Darden's stock, currently trading at around $160, has a potential upside to $170-$180, contingent on maintaining historical ROA and leveraging value promotions to boost traffic.
What Analyst Projections for Key Metrics Reveal About Darden Restaurants (DRI) Q1 Earnings
Get a deeper insight into the potential performance of Darden Restaurants (DRI) for the quarter ended August 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
