Darden Restaurants’ sales climbed this quarter despite diners shying away from its fine-dining establishments.The company, owner of chains such as Olive Garden and LongHorn Steakhouse, released earnings Thursday (Dec. 19) that showed total sales increasing 6% to $2.9 billion.While sales were up 7.5% at LongHorn and 2% for Olive Garden, sales for the company’s fine dining restaurants — Ruth’s Chris Steak House, Eddie V’s Prime Seafood and The Capital Grille — fell by nearly 6% for the quarter.CEO Rick Carden ...

Shares of Darden Restaurants, Inc. (NYSE: DRI ) have been a choppy performer over the past year, as years of elevated inflation have sapped consumers of some discretionary purchasing power. However, investors got good news on ThursdayOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Ana ...

What's cooking at Darden Restaurants? Thursday's stock surge reflected a robust earnings report with a side of bullish guidance.Shares of Darden Restaurants (DRI 14.96%) soared to a new all-time high on Thursday morning following the release of robust second-quarter results. The restaurant operator's stock peaked at an overnight gain of 18.1% before backing down to a 15.5% uptick at 1:30 p.m. ET.Darden's Q2 by the numbersThe company behind restaurant chains such as Olive Garden, Cheddar's Scratch Kitchen, a ...

Darden Restaurants, Inc. (NYSE:DRI) Q2 2025 Earnings Conference Call December 19, 2024 8:30 AM ET Company Participants Phil McClain - Vice President, Finance and Investor Relations Rick Cardenas - President and Chief Executive Officer Raj Vennam - Senior Vice President and Chief Financial Officer Conference Call Participants David Palmer - Evercore ISI Eric Gonzalez - KeyBanc Capital Markets Jim Salera - Stephens Peter Saleh - BTIG Jeffrey Bernstein - Barclays Sara Senatore - Bank of America Andrew Charles ...

Key TakeawaysDarden Restaurants shares jumped Thursday as its second-quarter sales came in better than expected, powered by LongHorn Steakhouse results.The company's adjusted profit also beat estimates.The chain lifted its full-year revenue outlook following the strong quarter. Shares of Darden Restaurants (DRI) surged 14% Thursday to lead S&P 500 gainers as the company's fiscal 2025 second-quarter sales and adjusted profit beat expectations on strong LongHorn Steakhouse results. Darden—which operates LongH ...

Darden Restaurants, Inc. (DRI) reported second-quarter fiscal 2025 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top and bottom lines increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.DRI’s Fiscal Q2 Earnings & RevenuesDuring the fiscal second quarter, Darden reported adjusted earnings per share (EPS) of $2.03, missing the Zacks Consensus Estimate of $2.05. In the prior-year quarter, DRI reported an a ...

For the quarter ended November 2024, Darden Restaurants (DRI) reported revenue of $2.89 billion, up 6% over the same period last year. EPS came in at $2.03, compared to $1.84 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.88 billion, representing a surprise of +0.48%. The company delivered an EPS surprise of -0.98%, with the consensus EPS estimate being $2.05.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Darden Restaurants (DRI) came out with quarterly earnings of $2.03 per share, missing the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.98%. A quarter ago, it was expected that this owner of Olive Garden and other chain restaurants would post earnings of $1.81 per share when it actually produced earnings of $1.75, delivering a surprise of -3.3 ...

Earnings Call Fiscal 2025: Second Quarter Results December 19, 2024 Disclaimer/Non-GAAP Information 2 2 IMPORTANT NOTICE The following slides are part of a presentation by Darden Restaurants, Inc. (the "Company") and are intended to be viewed as part of that presentation (the "Presentation"). No representation is made that the Presentation is a complete description of the Company's performance, financial condition or outlook. Forward-looking statements in this communication regarding our expected earnings p ...

A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse.Shares of the company rose 8% in premarket trading.Here's what the company reported, which may not compare with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.03 adjusted. That may ...