Darden Restaurants, Inc. (DRI)
Darden: Q3 Results Shake Off Recession Fears
Darden Restaurants, Inc.'s shares surged over 6% despite mixed quarterly results, with the stock now near a 52-week high, reflecting investor relief that results were not worse. The company reported $2.80 EPS, slightly beating estimates, and $3.16 billion in revenue, $60 million short, indicating modest consumer spending growth. Darden's strong cash generation, healthy balance sheet, and growth ambitions, including plans to open 60-65 new restaurants, underscore its confidence in consumer resilience.
Darden Restaurants, Inc. (DRI) Q3 2025 Earnings Call Transcript
Darden Restaurants, Inc. (NYSE:DRI ) Q3 2025 Earnings Conference Call March 20, 2025 8:30 AM ET Company Participants Courtney Aquilla - Senior Director, Finance and Investor Relations Rick Cardenas - President and Chief Executive Officer Raj Vennam - Chief Financial Officer Conference Call Participants Jon Tower - Citi David Palmer - Evercore ISI Eric Gonzalez - KeyBanc Capital Markets Brian Bittner - Oppenheimer Sara Senatore - Bank of America Brian Harbour - Morgan Stanley Dennis Geiger - UBS David Tarantino - Baird Jeffrey Bernstein - Barclays Tyler Klaus - Stephens Lauren Silberman - Deutsche Bank Danilo Gargiulo - Bernstein Peter Saleh - BTIG Jeff Farmer - Gordon Haskett Patrick Johnson - Stifel Jon Ivankoe - JPMorgan Gregory Francfort - Guggenheim Partners Jim Sanderson - Northcoast Research Brian Vaccaro - Raymond James Christine Cho - Goldman Sachs Operator Greetings, and welcome to the Darden Restaurants, Inc. Q3 Fiscal Year 2025 Earnings Conference Call. At this time, all participants are in a listen only mode.
Markets Await Leading Indicators Data
We had bounced off early-morning lows in today's pre-market trading, but it was very temporary and indexes look what looked like it may have been a hard turn lower. It's not: things are now pretty steadily in the red.
Darden Restaurants (DRI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Darden Restaurants (DRI) give a sense of how the business performed in the quarter ended February 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Darden: Q3 Sales Boosted by Openings
Full-service dining restaurant chain specialist Darden Restaurants (DRI 6.30%) reported mixed fiscal 2025 third-quarter earnings on Thursday, March 20. Revenue of $3.16 billion rose 6.2% year over year but fell short of analysts' consensus expectations of $3.21 billion.
Darden Restaurants (DRI) Misses Q3 Earnings and Revenue Estimates
Darden Restaurants (DRI) came out with quarterly earnings of $2.80 per share, missing the Zacks Consensus Estimate of $2.81 per share. This compares to earnings of $2.62 per share a year ago.
Darden Restaurants Q3 Sales Fall Short as Olive Garden, LongHorn Disappoint
Darden Restaurants (DRI) reported fiscal 2025 third-quarter adjusted profits in line with analysts' estimates but same-restaurant sales came up well short.
Darden Restaurants 3Q Sales Boosted by New Locations
The owner of Olive Garden logged higher earnings and sales in its fiscal third quarter with the addition of over 100 Chuy's locations and other new restaurant openings.
Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss expectations
Darden Restaurants beat Wall Street's expectations for quarterly earnings, but its revenue fell short of estimates. Olive Garden and LongHorn Steakhouse reported weaker-than-expected same-store sales growth.
Top Wall Street Forecasters Revamp Darden Restaurants Price Expectations Ahead Of Q3 Earnings
Darden Restaurants, Inc. DRI will release its third-quarter financial results, before the opening bell, on Thursday, March 20.
What's In Store For Darden This Earnings Season? Analyst Predicts Slight Miss In Same-store Sales
On Wednesday, Oppenheimer analyst Brian Bittner reiterated the Outperform rating on Darden Restaurants, Inc. DRI, with a price forecast of $218.
Darden to Post Q3 Earnings: What's in Store for the Stock?
DRI's fiscal Q3 performance is likely to have gained from strong same-restaurant sales growth, strategic pricing actions and continued operational efficiencies.
