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Buybacks Galore: Repurchases From the Oval Office to Olive Garden
MarketBeat· 2025-06-30 17:55
Core Viewpoint - Several companies are significantly increasing their share buyback programs, collectively adding over $10 billion in repurchase capacity to the stock market, signaling a commitment to reward shareholders and potentially reduce outstanding shares [1]. Company Summaries Trump Media and Technology Group (DJT) - Announced a $400 million share buyback program, representing approximately 8.3% of its $4.8 billion market capitalization [2]. - The company raised $2.5 billion to create a large Bitcoin treasury, increasing its liquid assets to over $3 billion, despite generating under $4 million in revenues and having operating expenses exceeding $127 million [3]. Johnson Controls International (JCI) - Increased its share buyback authorization to $9 billion, totaling $10.1 billion in repurchase capacity, which is about 14.6% of its $69 billion market capitalization [6][7]. - Plans to return $5 billion in capital in the fourth quarter of fiscal 2025, potentially reducing its share count by around 7% and enhancing earnings per share [7]. Darden Restaurants (DRI) - Announced a $1 billion share buyback program, equating to just under 4% of its over $25 billion market capitalization, following a total return of approximately 17% in 2025 [9][10]. - Increased its quarterly dividend by 7.1%, with a solid indicated dividend yield of around 2.8%, one of the highest among U.S. restaurant stocks [10]. Broader Corporate Trend - The substantial buyback announcements from DJT, JCI, and DRI reflect a broader trend of companies returning capital to shareholders, whether to offset stock declines, reinforce confidence, or enhance earnings metrics [11]. - The end result of these buybacks is expected to be reduced share counts and potentially stronger shareholder returns, emphasizing the importance of execution speed and effectiveness in the coming quarters [12].
Mad Money 6/23/25 | Audio Only
CNBC Television· 2025-06-24 00:06
Hey, I'm Kramer. Welcome to Bad Money. Welcome to Cra. I make friends. I'm just trying to make a little money. My job, okay? Not just to teach and entertain, but I am going to give you a lesson tonight about what not to do when these bombs start flying. So, call me at 1800 743 CBC or between me, Jim Kramer. Nobody honestly expected that Iran would do nothing to retaliate against the United States, right? The arsenal of theocracy seems to have more missiles than people. Certainly more than we seem to have ou ...
These Analysts Boost Their Forecasts On Darden Restaurants Following Better-Than-Expected Q4 Results
Benzinga· 2025-06-23 17:37
Darden Restaurants Inc. DRI reported better-than-expected fourth-quarter financial results on Friday.The company reported fourth-quarter adjusted earnings per share of $2.98, beating the analyst consensus estimate of $2.97. Quarterly sales of $3.27 billion outpaced the analyst consensus estimate of $3.26 billion.Darden reported a consolidated same-restaurant sales increase of 4.6%, with Olive Garden and LongHorn Steakhouse rising 6.9% and 6.7%, respectively. Fine Dining saw a decline of 3.3%, while Other Bu ...
Darden Restaurants beats earnings estimates, as Olive Garden parent predicts growth in 2026
CNBC· 2025-06-20 12:16
Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022.Darden Restaurants on Friday beat Wall Street's earnings and revenue estimates, while the Olive Garden parent predicted solid growth for fiscal year 2026.Shares of Darden rose more than 2% in premarket trading Friday.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.98 adjusted vs. $2.97 expectedRevenue: $3.27 billion vs. $ ...
Darden Restaurants Reports Fiscal 2025 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Provides Fiscal 2026 Outlook
Prnewswire· 2025-06-20 11:00
ORLANDO, Fla., June 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 25, 2025.Fourth Quarter 2025 Financial Highlights Total sales increased 10.6% to $3.3 billion driven by a blended same-restaurant sales1 increase of 4.6% and sales from the acquisition of 103 Chuy's Tex Mex (Chuy's) restaurants and 25 net new restaurants Same-restaurant sales: Consolidated Darden1 4.6 % Olive Garden 6.9 % Lo ...
Can Darden Restaurants Deliver In Its Next Earnings?
Forbes· 2025-06-17 11:10
DRI 1D, 5D, and 21D Post Earnings Return AUSTIN, TEXAS - DECEMBER 19: The exterior of a LongHorn Steakhouse restaurant is seen on December ... More 19, 2024 in Austin, Texas. (Photo by Brandon Bell/Getty Images) Getty Images Darden Restaurants (NYSE: DRI), a specialist in the full-service dining restaurant chain, is set to announce its fiscal fourth-quarter earnings (ending in May) on Friday, June 20, 2025, with analysts estimating earnings of $2.94 per share on $3.25 billion in revenue. This would indicate ...
Unlocking Q4 Potential of Darden Restaurants (DRI): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2025-06-16 14:16
In its upcoming report, Darden Restaurants (DRI) is predicted by Wall Street analysts to post quarterly earnings of $2.93 per share, reflecting an increase of 10.6% compared to the same period last year. Revenues are forecasted to be $3.26 billion, representing a year-over-year increase of 10.3%.The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estima ...
Darden Restaurants to Host Fiscal 2025 Fourth Quarter Conference Call on June 20
Prnewswire· 2025-05-22 20:15
ORLANDO, Fla., May 22, 2025 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2025 fourth quarter financial results before the market opens on Friday, June 20, 2025, 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 Re ...
Darden Restaurants(DRI) - 2025 Q3 - Earnings Call Transcript
2025-03-20 12:30
Darden Restaurants (DRI) Q3 2025 Earnings Call March 20, 2025 08:30 AM ET Company Participants Courtney Aquilla - Senior Director of Finance & Investor RelationsRick Cardenas - President & CEORaj Vennam - CFOJon Tower - Director & Equity Research - Consumer & RestaurantsDavid Palmer - Senior Managing DirectorDennis Geiger - Executive Director - Equity ResearchDavid Tarantino - Director - ResearchTyler Prause - Equity Research Senior AssociateLauren Silberman - DirectorPeter Saleh - MD - RestaurantsJeff farm ...