|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||120.44 - 123.91|
|52 Week Range||95.83 - 128.41|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||21.21|
|Earnings Date||Dec 16, 2019 - Dec 20, 2019|
|Forward Dividend & Yield||3.52 (2.77%)|
|1y Target Est||127.36|
Oilve Garden parent Darden Restaurants reported strong fiscal first-quarter earnings on Thursday but weak same-store sales.
Darden Restaurants (NYSE:DRI) earnings for its fiscal first quarter of 2020 has DRI stock falling on Thursday.Source: Sundry Photography / Shutterstock.com The company reported revenue of $2.13 billion for its fiscal first quarter of the year. This is a 3.5% increase over the company's revenue of $2.06 billion reported in the same period of the year prior. However, it was bad news for DRI stock by just missing Wall Street's revenue estimate of $2.14 billion.Behind the Darden Restaurants revenue for its fiscal first quarter are mixed same-store sales. This includes Olive Garden being up 2.2%, LongHorn Steakhouse up 2.6%, The Capital Grille up 1.5% and Eddie V's up 1.2%. On the other side we have Cheddar's Scratch Kitchen down 5.4%, Yard House down 1.9%, Seasons 52 down 4.2% and Bahama Breeze also down 4.2%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother possible negative dragging down the Darden Restaurants report is its outlook for the fiscal full year of 2020. This has it expecting revenue to increase between 5.3% and 6.3% from its $8.51 billion in fiscal 2019. Wall Street is looking for revenue of $9.05 billion for the year, which is just above a 6.3% increase.Despite the miss, Darden Restaurants' earnings report revealed a few bright points. Among these are diluted per-share earnings of $1.38 for the its fiscal first quarter of 2020. This is above analysts' earnings per share estimate of $1.36 for the quarter. * 8 Dividend Stocks to Buy for a Recession Darden Restaurants earnings includes an EPS outlook of $6.30 to $6.45 for the fiscal full year. The mid-point of this range falls shy of Wall Street's estimates of $6.40 in fiscal 2020.DRI stock was down 4.5% as of Thursday afternoon.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post Darden Restaurants Earnings: DRI Stock Plummets on Sales Miss appeared first on InvestorPlace.
Darden Restaurants (DRI) delivered earnings and revenue surprises of 1.47% and -0.13%, respectively, for the quarter ended August 2019. Do the numbers hold clues to what lies ahead for the stock?
Darden Restaurants (NYSE: DRI ) reported first-quarter earnings of $1.38 per share, which beat the analyst consensus estimate of $1.36 by 1.47%. This is a 2.99% increase over earnings of $1.34 per share ...
Shares of Darden Restaurants Inc. slumped 2.9% in premarket trading Thursday, after the Olive Garden parent reported a fiscal first-quarter profit that beat expectations and announced a new $500 million stock buyback program, but sales that came up a bit shy. Net income rose to $170.6 million, or $1.37 a share, from $166.2 million, or $1.32 a share, in the year-ago period. Earnings per share from continuing operations grew to $1.38 from $1.34. The FactSet EPS consensus was $1.36. Total sales increased 3.5% to $2.13 billion, just below the FactSet consensus of $2.14 billion, as Olive Garden and LongHorn Steakhouse sales topped expectations but fine dining missed. Olive Garden same-store sales rose 2.2% to beat expectations of a 1.6% rise, while LongHorn same-store sales growth of 2.6% was better than expectations of 2.5% growth. Darden affirmed its fiscal 2020 outlook for total sales growth of 5.3% to 6.3% and for same-store sales to rise 1% to 2%. Darden said the new stock buyback program doesn't have an expiration date. The stock has run up 27.3% year to date through Wednesday while the S&P 500 has gained 19.9%.
ORLANDO, Fla. , Sept. 19, 2019 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the first quarter ended August 25, 2019. First Quarter 2020 Financial Highlights, ...
Darden Restaurants slips after the operator of Olive Garden, Longhorn Steakhouse and Cheddar's Scratch Chicken restaurant chains reports fiscal first-quarter earnings that beat analysts' forecasts and revenue that missed slightly.
Darden Restaurants (NYSE: DRI ) announces its next round of earnings this Thursday, September 19. Here is Benzinga's everything-that-matters guide for the Q1 earnings announcement. Earnings and Revenue ...
FedEx, Adobe Systems, General Mills, Darden Restaurants and Apple are part of Zacks Earnings Preview
Investors will turn their attention to Washington this week, as the Federal Open Market Committee gears up for its two-day meeting and representatives from big tech companies head to Capitol Hill to testify.
It’s a big week for economic data, with releases on several housing market datapoints and the Fed’s much-anticipated announcement on interest rates coming on Wednesday.
Darden's (DRI) first-quarter fiscal 2020 results are likely to be driven by robust performance of the Olive Garden, LongHorn and Fine Dining segments.