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Shares of Darden Restaurants (DRI +4.8%) trade higher after the company records a narrow...

  • Friday, September 21, 2012, 9:40 AM ET
    Shares of Darden Restaurants (DRI +4.8%) trade higher after the company records a narrow earnings beat with its FQ2 results. Nothing was spectacular from the report, but reaffirmed guidance and a pickup in traffic late in the quarter buoyed the spirit of investors.
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    $DRI Q1: amazing favorable cost leverage, esp. labor seen in Q1; implied industry traffic100 bpts slower in Sept to date.
    21 Sep 2012, 12:07 PM Reply Like
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