Darden Restaurants (DRI) Q2 Earnings Miss Estimates

Core Insights - Darden Restaurants reported quarterly earnings of $2.03 per share, missing the Zacks Consensus Estimate of $2.05 per share, but showing an increase from $1.84 per share a year ago [1][2] - The company posted revenues of $2.89 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.48% and up from $2.73 billion year-over-year [3] - Darden's stock has underperformed the market, losing about 2.7% since the beginning of the year compared to the S&P 500's gain of 23.1% [4] Earnings Performance - The earnings surprise for the latest quarter was -0.98%, and the company has surpassed consensus EPS estimates only once in the last four quarters [2][3] - The current consensus EPS estimate for the upcoming quarter is $2.80, with expected revenues of $3.16 billion, and for the current fiscal year, the estimate is $9.47 on $11.96 billion in revenues [8] Industry Outlook - The Retail - Restaurants industry, to which Darden belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of Darden's stock may be influenced by the overall industry outlook, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]