Darden Restaurants earnings disappoint as Olive Garden, fine dining sales struggle [MSNBC.com]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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Source: MSNBC.com
Darden Restaurants"While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business," CEO Rick Cardenas said in a statement. "I am confident in the actions all our brand teams are taking to address their guests' needs, which do not compromise the long-term health of our business for short-term benefits."The company shared a number of initiatives that it's implementing to boost sales, including its first partnership with Uber, ending its resistance to third-party delivery.Shares of the company closed Thursday up 8%. Excluding Thursday's gains, the stock has fallen 3% this year as investor concerns about the health of the consumer weigh on the restaurant industry at large.Here's what the company reported for the quarter ended Aug. 25 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Darden reported fiscal first-quarter net income of $207.2 million, or $1.74 per share, up from $194.5 million, or $1.59 per sh
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DRI
News
- Darden Restaurants to Host Fiscal 2025 Second Quarter Conference Call on December 19PR Newswire
- Darden Restaurants, Inc. (NYSE: DRI) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $164.00 price target on the stock.MarketBeat
- Chuy's headquarters moving to Florida after Darden acquisition [Yahoo! Finance]Yahoo! Finance
- Darden Restaurants Completes Acquisition of Chuy's Holdings, Inc.PR Newswire
- Darden Restaurants' (NYSE:DRI) Returns On Capital Are Heading Higher [Yahoo! Finance]Yahoo! Finance
DRI
Earnings
- 9/19/24 - Miss
DRI
Sec Filings
- 10/17/24 - Form 11-K
- 10/11/24 - Form 8-K
- 10/8/24 - Form 4
- DRI's page on the SEC website