ORLANDO, Fla., May 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2024 fourth quarter financial results before the market opens on Thursday, June 20, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss fourth quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fisc ...

Key PointsGen Digital upped the ante with a $2.5 billion increase to the repurchase authorization, now worth about 20% of the market cap. Ulta Beauty has a beautiful capital return program that reduced its share count by more than 4.25% last year. Darden Restaurants is a deep-value, high-yield restaurant stock that is reducing its share count with buybacks. 5 stocks we like better than Gen DigitalShare repurchases are a controversial topic because they often do little more than hide the impact of share-base ...

The restaurant industry is difficult. Competition is fierce. Consumers are picky. Workers are transitory. And profit margins can be razor thin. The National Restaurant Association estimates that only 20% of restaurants are successful. About 60% of all restaurants fail in their first year of operation, and 80% fail within five years of opening. Those are some depressing statistics and they help to explain why many restaurant stocks chronically underperform the broader market. Currently, there’s quite a long ...

Macroeconomic headwinds are buffeting consumer confidence and bringing volatility especially to high-growth stocks on Wall Street. Therefore, investors look at sectors outside technology, like these three restaurant stocks to buy. The sector has demonstrated remarkable resilience. Consumer spending at restaurants surging 5% in 2023, up from 4% in 2022. Regardless of inflation, restrained consumer spending and mounting concerns of potential stagflation, analysts still anticipate sustained demand for dining-o ...

Thomas Barwick/DigitalVision via Getty Images Darden Restaurants (NYSE:DRI), the parent company of Olive Garden and LongHorn Steakhouse, as well as half a dozen other restaurant chains, is the largest operator in a very tough industry. Furthermore, the current environment is more difficult than the norm. As of this February, the consumer price index pegged food away from home prices as up 4.5% from the prior year. The jump in prices is the result of an industry struggling with increasing food and labor cost ...

Is Red Lobster's Bankruptcy the End for This Beloved Chain? jeepersmedia / Flickr A report from Bloomberg today says that Red Lobster has engaged with a law firm as it decides whether to declare bankruptcy. With 649 locations spread throughout the United States, Red Lobster is one of the country’s more well-known sit-down chains.And yet, today it’s struggling under many difficulties including onerous leases, rising labor costs, and promotions like its Endless Shrimp promotion that led to significant losse ...

Darden Restaurants, Inc. (DRI) is benefiting from its focus on opening restaurants, Ruth’s Chris acquisition and its diversified brand portfolio.Shares of this casual dining restaurant operator have gained 2.5% in the past year against the Zacks Retail - Restaurants industry’s 2.7% decline. The uptrend is attributable to the company’s intent focus on enhancing and diversifying its product portfolio, along with leveraging and strengthening its competitive advantages.The Zacks Consensus Estimate for this Zack ...

Key PointsDarden Restaurants had a mixed quarter and failed to inspire the analysts. Shares are down 6% following the release, but the uptrend is intact, and a buying opportunity will soon appear.Capital returns are solid and will continue to support the price action this year. 5 stocks we like better than Darden RestaurantsDarden Restaurants NYSE: DRI operational quality drove solid business in Q3, setting the stock up to continue its uptrend. Today's opportunity is that results were largely aligned with e ...

Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants.The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed sales up 6.8% for the quarter, driven primarily by its recently-acquired Ruth’s Chris Steakhouse chain.However, a recurring theme during the company’s earnings call was pullback among lower-income consumers.“We’re clearly seeing consumer behavior shifts,” CEO Rick Cardenas said, noting that transactions from househ ...

Darden Restaurants, Inc. (DRI) reported dismal third-quarter fiscal 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. The metrics increased on a year-over-year basis.Following the results, the stock dropped 4.3% in the pre-market trading session. Negative investor sentiments were witnessed as DRI provided a lower-than-expected sales outlook for fiscal 2024. Management cited concerns relating to a challenging operating environment.Earnings & RevenuesDuring the fiscal third quarte ...