Darden Restaurants, Inc. (DRI)
Darden is 'pretty well positioned' in the market, says former CEO Clarence Otis
Clarence Otis, former Darden Restaurants CEO, joins 'The Exchange' to discuss the shift in consumer spending on food, how restaurant stocks can rebound from their current decline, and more.
These Analysts Revise Their Forecasts On Darden Restaurants After Q1 Results
Darden Restaurants, Inc. DRI reported weaker-than-expected first-quarter financial results on Thursday.
S&P 500 Gains and Losses Today: Index Pops to All-Time High After Jumbo Rate Cut
Major U.S. equities indexes tore higher a day after the Federal Reserve announced a half-percentage-point reduction in its benchmark interest rate.
"No Surprise" Darden Restaurants (DRI) Missed, but Accelerates on Rebound
Andy Barish and Phil Kafarakis look at why Darden Restaurants (DRI) missed in earnings and how its partnership with Uber Technologies (UBER) can signal a road to rebound for the company. As Phil explains, "this is more about relief on operations and borrowing costs" for Darden.
Darden's Earnings and Revenues Underperform Estimates in Q1
DRI's first-quarter fiscal 2025 top line benefits from new restaurant openings. Yet, dismal same-restaurant sales dampen overall growth.
Darden Restaurants Faces Pressure to Improve Speed Amid Declining Sales
In an increasingly fast-paced dining landscape, Darden Restaurants is under pressure to improve operational efficiency across its diverse portfolio, which includes Olive Garden, LongHorn Steakhouse, and fine dining establishments like The Capital Grille. Darden Restaurants President and CEO Rick Cardenas acknowledged the need for speed during the company's first-quarter earnings call Thursday (Sept.
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.
