Darden posts first same-store sales decline since pandemic, offset by Ruth's Chris acquisition [MSNBC.com]
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: MSNBC.com
In this articleA Ruth's Steak House restaurant on May 03, 2023 in Miami, Florida. Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million.Joe Raedle | Getty ImagesShares of the company fell more than 5% in premarket trading.Here's what thecompany reportedDarden reported fiscal third-quarter net income of $312.9 million, or $2.60 per share, up from $286.6 million, or $2.34 per share, a year earlier.Excluding items, the restaurant company earned $2.62 per share.Net salesBut Darden's overall same-store sales fell 1% in the quarter as almost all of its restaurant segments reported same-store sales declines. Only LongHorn Steakhouse saw same-store sales growth. A year earlier, Darden reported same-store sales growth of 11.7%.O Garden, usually the crown jewel of Darden's portfolio, reported its same-store sales fell 1.8%. Analysts were expecting the chain's same-store sales to rise 1.3%, according to StreetAcc
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News
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- Darden Restaurants: An Appetizing Dividend Growth Stock [Seeking Alpha]Seeking Alpha
- Darden Restaurants, Inc. (NYSE: DRI) had its "buy" rating re-affirmed by analysts at TD Cowen. They now have a $190.00 price target on the stock.MarketBeat
- Red Lobster May Soon File for Chapter 11 Bankruptcy, Here's Why [Yahoo! Finance]Yahoo! Finance
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