Darden Restaurants, Inc.
 (DRI)

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  • Dec. 18, 2015, 7:53 AM
    | Dec. 18, 2015, 7:53 AM
  • Dec. 18, 2015, 7:01 AM
    • Darden Restaurants (NYSE:DRI): FQ2 EPS of $0.54 beats by $0.12.
    • Revenue of $1.61B (+3.2% Y/Y) misses by $10M.
    • Shares +1.54% PM.
    • Press Release
    | Dec. 18, 2015, 7:01 AM | 2 Comments
  • Oct. 20, 2015, 1:00 PM
    • Casual dining stocks trade lower after Brinker's International's Q3 report showed traffic weakness.
    • Ignite Restaurant GRoup (IRG -1.4%), Texas Roadhouse TXRH, Darden Restaurants (DRI -2.5%), Buffalo Wild Wings (BWLD -1.8%), and Chuy's Holdings CHUY are some of the names showing the sharpest drops.
    • The QSR sub-sector is having a better day with the Yum split and Sonic same-restaurant sales sizzler leading the way. Jack in the Box (JACK +1.8%) and Restaurant Brands International (QSR +1.1%) are notable gainers on a down market day.
    | Oct. 20, 2015, 1:00 PM
  • Oct. 19, 2015, 9:00 AM
    • Darden Restaurants (NYSE:DRI) is upgraded by Maxim Group to a Buy rating after being set at Hold.
    • The investment firm sets a price target of $80 on the restaurant stock.
    • DRI +0.55% premarket to $65.50.
    | Oct. 19, 2015, 9:00 AM | 2 Comments
  • Sep. 22, 2015, 7:01 AM
    • Darden Restaurants (NYSE:DRI): FQ1 EPS of $0.68 beats by $0.10.
    • Revenue of $1.69B (+5.6% Y/Y) beats by $20M.
    • Shares +1.13% PM.
    | Sep. 22, 2015, 7:01 AM | 1 Comment
  • Jun. 25, 2015, 11:02 AM
    • Restaurant IPO names Bojangles (BOJA +1.7%), Wingstop (WING +2%), Shake Shack (SHAK +4.2%), and Habit Restaurants (HABT +2.1%) are all higher on momentum moves.
    • Gains for Brinker International (EAT +2%) and Darden Restaurants (DRI +1.3%) are tied to business strategy decisions - a higher mix of company-owned restaurants for Brinker and a REIT plan for Darden.
    • While the names above have all generated plenty of buzz this year, the list of top four stocks in the sector by share price return may surprise.
    • YTD leaders: Papa Murphy's (NASDAQ:FRSH) +81.1%, Carrols Restaurant Group (NASDAQ:TAST) +40%, Dave & Buster's Entertainment (NASDAQ:PLAY) +35%, Chuy's Holdings (NASDAQ:CHUY) +32%.
    • Previously: Darden Restaurants on the move again (Jun. 24 2015)
    • Previously: Brinker International buys 103 Chili's restaurants (Jun. 25 2015)
    | Jun. 25, 2015, 11:02 AM | 3 Comments
  • Jun. 24, 2015, 2:21 PM
    | Jun. 24, 2015, 2:21 PM | 1 Comment
  • Jun. 23, 2015, 9:16 AM
    | Jun. 23, 2015, 9:16 AM | 6 Comments
  • Jun. 23, 2015, 7:31 AM
    | Jun. 23, 2015, 7:31 AM | 5 Comments
  • Jun. 23, 2015, 7:24 AM
    • Darden Restaurants (NYSE:DRI) reports same-restaurants sales increased 3.8% in FQ4.
    • Comp growth by brand: Olive Garden +3.4%, Yard House +3.2%, LongHorn Steakhouse +5.2%,  Seasons 52 +3.1%, The Capital Grille +4.4%, Bahama Breeze +1.7%, Eddie V's +5.2%.
    • Total operating costs and expenses increased at a slower pace than sales, up 9.3% Y/Y to $1.7278B.
    • The company saw profit increase at all four segments during the quarter.
    • Guidance: Darden sees full-year EPS of $3.05-$3.20 vs. $2.88.
    • Previously: Darden Restaurants beats by $0.15, beats on revenue
    • DRI +7.1% premarket to $74.29.
    | Jun. 23, 2015, 7:24 AM
  • Jun. 19, 2015, 10:09 AM
    • KB Home CEO Jeffrey Mezger is confident of his company's ability to achieve "measurable year-over-year earnings growth in H2" after reporting new order growth of 33% in units and 38% in dollars in FQ2, and backlog growth of 39% in units and 57% in dollars.
    • KB Home is up 6%, leading the ITB +1.4%, and XHB +0.8% even as the major averages slip.
    • Toll Brothers (TOL +2.3%), Hovnanian (HOV +2.7%), Lennar (LEN +3%), Ryland (RYL +2%), D.R. Horton (DRI +2.5%), Pulte (PHM +2.5%)
    • Previously: KB Home gains following earnings beat (June 19)
    • Previously: KB Home beats by $0.02, beats on revenue (June 19)
    | Jun. 19, 2015, 10:09 AM
  • Mar. 20, 2015, 7:15 AM
    • Darden Restaurants (NYSE:DRI) reports a 3.2% rise in comparable-restaurant sales in FQ3 with strength seen across its brands on increased pricing and traffic.
    • Comparable-restaurant growth by brand: Olive Garden +2.2%, Longhorn Steakhouse +5.4%, Yard House +5.4%, The Capital Grille +6.1%, Seasons 52 +5.2%, Bahama Breeze +3.2%, Eddie V's +9.6%.
    • Food and beverage costs +9.3% to $530.7M.
    • SG&A expenses -13% to $134.2M.
    • Guidance: FQ4 EPS of $0.91-$0.94 expected vs. $0.89 consensus.
    • DRI +1.62% premarket to $65.92.
    | Mar. 20, 2015, 7:15 AM
  • Feb. 24, 2015, 10:53 AM
    • Restaurant stocks are out-performing market averages again as more chains report improved comparable-restaurant sales growth.
    • The read on Q1 is that pricing and traffic trends are strong, despite what some broad measures of overall consumer confidence show.
    • The $2 gas benefit is believed by analysts to have had a greater impact on restaurant spending than other areas of retail.
    • Gainers include Luby's (LUB +4.9%), Cosi (COSI +5.4%), Rave Restaurant Group (RAVE +4.5%), Texas Roadhouse (TXRH +2.4%), Krispy Kreme Dougnuts (KKD +2.8%), Popeyes Louisian Kitchen (PLKI +1.7%), Bob Evans Farms (BOBE +1.1%), Darden Restaurants (DRI +1.4%).
    • Even McDonald's (MCD +0.8%), which trailed the Q4 comp average in the sector by a wide margin, is out ahead of the S&P 500.
    • Previously: Cracker Barrel +4.1% after traffic accelerates and guidance lifted
    | Feb. 24, 2015, 10:53 AM | 5 Comments
  • Dec. 16, 2014, 4:34 PM
    • Guidance: Fiscal 2015 adjusted EPS is expected to increase 32-35% from 2014 to $2.25-$2.30 per share (previous bottom end was $2.22).
    • Buybacks: In FQ2, company took receipt of about 8.6M shares as first installment of the $500M accelerated share repurchase program. Since quarter's end, company has taken receipt of another 1.3M shares.
    • Turning to FQ2 operations, comp store sales: Olive Garden +0.5%, LongHorn Steakhouse +2.6%, The Capital Grille +5%, Eddie V's +4.9%, Yard House +3.7%, Seasons 52 +1.2%, Bahama Breeze -0.6%.
    • Previously: Darden Restaurants beats by $0.01, beats on revenue (Dec. 16, 2014)
    • DRI +2% after hours
    | Dec. 16, 2014, 4:34 PM | 2 Comments
  • Dec. 16, 2014, 4:12 PM
    • Darden Restaurants (NYSE:DRI): FQ2 EPS of $0.28 beats by $0.01.
    • Revenue of $1.56B beats by $10M.
    • Shares +1.77%.
    | Dec. 16, 2014, 4:12 PM
  • Nov. 18, 2014, 4:44 PM
    • CFO for the last eight years, Brad Richmond is out, effective March 2015, or sooner if a successor is found. Also exiting are Chief Human Resources Officer Daisy Ng and SVP Government and Community Affairs Bob McAdam.
    • In addition to the management changes, Darden (NYSE:DRI) is streamlining support staff, affecting (cutting) about 60 employees. Another 25 open positions will be eliminated as well.
    • In order to provide "greater line of sight for restaurant leadership teams," the company is eliminating one layer of field operations supervision for Olive Garden and LongHorn.
    • Finally, Darden will shut down its aviation department, ceasing flight operations immediately and putting its aircraft on the block.
    • Darden anticipates incurring one-time charges in FQ2 thanks to these changes.
    • Shares +2% after-hours
    | Nov. 18, 2014, 4:44 PM | 3 Comments
Company Description
Darden Restaurants Inc owns and operates dining restaurants. Some of its trade names are Red Lobster, Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Eddie V's Prime Seafood, Wildfish Seafood Grille and Yard House.
Sector: Services
Industry: Restaurants
Country: United States