Darden Restaurants, Inc. (DRI) CEO Gene Lee on Q2 2022 Results - Earnings Call Transcript

Dec. 17, 2021 1:12 PM ETDarden Restaurants, Inc. (DRI) Stock
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Q2: 2021-12-17 Earnings Summary

10-Q
EPS of $1.48 beats by $0.04 | Revenue of $2.27B (37.17% Y/Y) beats by $46.21M

Darden Restaurants, Inc. (NYSE:DRI) Q2 2022 Earnings Conference Call December 17, 2021 8:30 AM ET

Company Participants

Kevin Kalicak - IR
Gene Lee - Chairman and CEO
Rick Cardenas - President and COO
Raj Vennam - CFO

Conference Call Participants

Brian Bittner - Oppenheimer
Andrew Charles - Cowen
Eric Gonzalez - KeyBanc Capital Markets
Chris O'Cull - Stifel
John Glass - Morgan Stanley
Peter Saleh - BTIG
Chris Carroll - RBC Capital Markets
Brett Levy - MKM
David Palmer - Evercore ISI
Jeffrey Bernstein - Barclays
Lauren Silberman - Credit Suisse
Dennis Geiger - UBS
Andy Barish - Jefferies
James Rutherford - Stephens
Brian Mullan - Deutsche Bank
David Tarantino - Baird
Andrew Strelzik - BMO Capital
Jared Garber - Goldman Sachs
John Ivankoe - JPMorgan
Brian Vaccaro - Raymond James
Joshua Long - Piper Sandler

Operator

Welcome to the Darden Fiscal Year 2022 Second Quarter Earnings Call. [Operator Instructions]

I will now turn the conference over to Mr. Kevin Kalicak. Thank you, sir. You may begin.

Kevin Kalicak

Thank you, Jess. Good morning, everyone, and thank you for participating on today's call. Joining me on the call today are; Gene Lee, Darden's Chairman and CEO; Rick Cardenas, President and COO; and Raj Vennam, CFO. As a reminder, comments made during this call will include forward-looking statements as defined in the Private Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections.

Those risks are described in the company's press release, which was distributed this morning, and in its filings with the Securities and Exchange Commission. We are simultaneously broadcasting a presentation during this call, which is posted in the Investor Relations section of our website at darden.com. Today's discussion and presentation includes certain non-GAAP measurements and reconciliations of

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