Seeking Alpha

Darden Restaurants misses by $0.10, misses on revenue

  • Darden Restaurants (DRI): FQ4 EPS of $0.84 misses by $0.10.
  • Revenue of $2.32B (+0.9% Y/Y) misses by $10M.
  • Press Release
Comments (12)
  • John Cusack's Pancreas
    , contributor
    Comments (31) | Send Message
     
    Whut?! You mean to say that the huge growth in the fifth recovery summer doesn't translate to a galloping middle class ready to spend? Whocouldanode higher taxes, medical premiums, petrol increases, and stagnant wages don't equal disposable income for restaurants.
    20 Jun, 07:41 AM Reply Like
  • Captain Pike
    , contributor
    Comments (566) | Send Message
     
    That plus Darden has been doing a less than stellar management job imo. I said last year Obummercare would hurt this sector for about a year, but gas will lighten up. No fed raise for forseeable future.
    20 Jun, 08:18 AM Reply Like
  • chopchop0
    , contributor
    Comments (3240) | Send Message
     
    "Whut?! You mean to say that the huge growth in the fifth recovery summer doesn't translate to a galloping middle class ready to spend? Whocouldanode higher taxes, medical premiums, petrol increases, and stagnant wages don't equal disposable income for restaurants."

     

    Sure it does. People are just trading down. Why spend $15-20 at RL or OG for crappy seafood or italian food when you can get a decent burrito at CMG for $7?
    20 Jun, 08:40 AM Reply Like
  • CMPMD
    , contributor
    Comments (98) | Send Message
     
    Unfortunately, I came here to learn about my investment in Darden, and instead, I'm subjected to posts like this that serve no purpose other than to make you look silly.

     

    More jobs were added during Obama's first term than during his predecessor's two terms. Meanwhile, U.S. crude oil production was 29.4 percent higher in 2012 than it was in 2008, the year before Obama took office. And, the net amount of oil and other petroleum products imported from abroad has fallen by almost exactly one-third — 33.3 percent — between 2008 and 2012.

     

    Wages have been stagnant for over 30 years, does that mean that Ronald Reagan is also to blame, or was President Obama supposed to wave a magic wand and accomplish something the four previous presidents didn't, despite taking office during the worst economic conditions in ~ 8 decades?

     

    You don't necessarily have to like Obamacare, but as someone who has been in the trenches in this area, I can tell you that the health care "system" we have in the US was/is a hellhound train that was not only the #1 reason people in our society were forced into bankruptcy, but costs us nearly twice as much of our GDP as any other developed country in the world with little to nothing to show for it, leaving 40-50 million of our fellow citizens without health insurance, and guaranteed to bankrupt our society if nothing, something isn't done. And despite that, nothing practical has been offered by anyone else since the last attempt to do something 20 years ago.
    20 Jun, 08:41 AM Reply Like
  • chopchop0
    , contributor
    Comments (3240) | Send Message
     
    "Meanwhile, U.S. crude oil production was 29.4 percent higher in 2012 than it was in 2008, the year before Obama took office. And, the net amount of oil and other petroleum products imported from abroad has fallen by almost exactly one-third — 33.3 percent — between 2008 and 2012."

     

    Don't pretend that Obama was responsible for that. He wasn't.
    20 Jun, 08:48 AM Reply Like
  • CMPMD
    , contributor
    Comments (98) | Send Message
     
    He's also not responsible for the increase in petrol prices.
    20 Jun, 09:19 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (998) | Send Message
     
    CMP - thanks for your perspective on investments in Darden. I'm glad there are folks like yourself who will come on this website and keep the discussion focused to it's purpose.

     

    <Sarc off>
    20 Jun, 09:59 AM Reply Like
  • nodhannum
    , contributor
    Comments (11) | Send Message
     
    CPMD is just another "Maserati Marxist" who tows the parti line. Confronting them with hard data is like holding a cross in front of a Vampire. They often use the following two excuses: a) the sargeant Shultz defense...I know nothing or the "they all do it or did it or will do it.
    20 Jun, 09:48 AM Reply Like
  • CMPMD
    , contributor
    Comments (98) | Send Message
     
    @ nodhannum: "CPMD is just another "Maserati Marxist" who tows the parti line."

     

    "tows"? "parti"?

     

    Stop! You "sleigh" me...
    20 Jun, 10:17 AM Reply Like
  • CMPMD
    , contributor
    Comments (98) | Send Message
     
    nodhannum, I hadn't looked at your bio before replying, but if English isn't your primary language, I apologize.
    20 Jun, 11:46 AM Reply Like
  • CMPMD
    , contributor
    Comments (98) | Send Message
     
    I wonder, do you have anything to say about Darden?

     

    BTW, to assert that "He has done nothing absolutely nothing for energy", once again only makes you look silly. In March of 2010, President Obama lifted a ban that amounted to the biggest expansion of offshore energy exploration in half a century, and made vast expanses of our costal waters available for offshore oil and gas drilling the first time in decades.

     

    And, if you're really concerned about higher energy prices, don't look now, but there is a very real possibility that gasoline prices in the midwest will increase, not decrease, if the Keystone pipeline is built.

     

    As far as Iraq is concerned, as I remember it was the Bush Administration that led us to believe that proceeds from Iraqi oil production would cover the cost of their invasion and occupation. The invasion and occupation for which they had no plan to end, that took our eyes off the legitimate war in Afghanistan they also had no plan to end, and resulted in the vast majority of the oil produced in Iraq going to Asia, especially China. At this point, the only thing dumber than sending combat troops to Iraq, would be sending them back again.
    20 Jun, 10:12 AM Reply Like
  • 19Adrian48
    , contributor
    Comments (2) | Send Message
     
    I also come to Seeking Alpha for investment discussions not political bashing. There are other sites for that nonsense. This should be a Darden thread. Some people have too much time on their hands when not watching FOX.
    20 Jun, 02:00 PM Reply Like
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