MARKET COMPOSITE
DRI - Darden Restaurants, Inc.8:00:02 PM 3/28/2024
Price
$167.15
+ 0.18 (0.11%)
Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 31, 2020, it owned and operated approximately 1,804 restaurants, which included 868 under the Olive Garden, 522 under the LongHorn Steakhouse, 165 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 60 under The Capital Grille, 44 under the Seasons 52, 41 under the Bahama Breeze, and 23 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.
Financials
Quarterly financials
(USD)Nov 2023Q/Q
Revenue2.7B-0%
Gross Profit513.3MM-1%
Cost Of Revenue2.2B-
Operating Income278.5MM+10%
Operating Expenses234.8MM-
Net Income212.1MM+9%
G&A114.8MM-25%
Marketing36.9MM-4%
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    Darden Restaurants, Inc. ( NYSE:DRI ) shareholders are probably feeling a little disappointed, since its shares fell...

    Darden Restaurants, Inc. (NYSE:DRI) Q3 2024 Earnings Call Transcript March 21, 2024 Darden Restaurants, Inc. misses on earnings expectations. Reported EPS is $2.62 EPS, expectations were $2.64. DRI isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello, and welcome to […]

    “We're clearly seeing consumer behavior shifts," Darden CEO Rick Cardenas said on an earnings call. “At every brand, transactions fell from incomes below $50,000.”

    Q3 2024 Darden Restaurants Inc Earnings Call

    Darden's (DRI) third-quarter fiscal 2024 top line reflects solid segmental contributions as well as benefits from new restaurant openings.

    Shares of restaurant company Darden (NYSE:DRI) fell 6.3% in the morning session after the company reported fourth-quarter results and lowered its full-year topline forecast, which is never a good sign. Same-store sales growth projection was lowered to a range of 1.5% to 2.0% (down from the previous guidance for growth of 2.5% to 3.0%). In addition, revenue and same-store sales missed expectations during the quarter, leading to a weaker bottom-line performance as EPS fell below analysts' expectat

    The world’s largest full-service restaurant company has also been one of the best, or at least most consistent, performers in the food industry in recent years. High expectations can have negative consequences, though, and Darden Restaurants shares were tumbling Thursday morning, on pace for their sharpest retreat in nearly two years. Revenue grew by 6.8% overall in Darden’s fiscal third quarter, but that was all due to restaurant openings and the acquisition of steakhouse chain Ruth’s Chris.

    Shares of Darden (DRI) are falling Thursday morning as the restaurant operator trimmed its full-year forecast on total sales and same-restaurant sales growth. The stock action is attributed to the higher costs of dining out and the weak performance of Darden's Olive Garden brand. Guggenheim Securities Senior Analyst Greg Francfort joins Yahoo Finance to discuss Darden's performance and how the company may operate moving forward. In the coming quarter, Francfort believes Darden's circumstances ma...