Darden Restaurants lowers full-year sales guidance after soft quarter for Olive Garden [Seeking Alpha]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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US:NYSE Investor Relations:
investor.darden.com/investors/investor-relations/default.aspx
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Source: Seeking Alpha
Same-restaurant sales fell 1.0% during the quarter. The Olive Garden chain saw a same-restaurant sales drop of 1.8% and the fine dining segment saw a drop of 2.3%. The LongHorn Steakhouse chain provided a partial offset with a 2.3% same-restaurant sales gain. EPS for the quarter was $2.62 vs. $2.62 consensus and $2.36 a year ago. Segment profit: Olive Garden $294.7M from $293.0M a year ago, LongHorn Steakhouse $136.6M from $121.2M a year ago, and Fine Dining $81.4M from $51.3M a year ago. "Each one of our segments grew sales and profit in an operating environment that was tougher than we anticipated, and we continued to outperform industry same-restaurant sales and traffic," noted Darden ( DRI ) CEO Rick Cardenas. "Looking ahead, our focus remains on controlling what we can control, leveraging and strengthening our competitive advantages, and executing our back-to-basics operating philosophy in order to effectively manage the business for the long-term," he added. On the buyb
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DRI
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DRI
Earnings
- 3/21/24 - Miss
DRI
Sec Filings
- 4/26/24 - Form 4
- 4/25/24 - Form 144
- 4/9/24 - Form 4
- DRI's page on the SEC website