Darden Restaurants Provides Business Update
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: PR Newswire
ORLANDO, Fla., April 20, 2020 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today provided an update of certain business results given the dynamic environment resulting from COVID-19. "Our brand teams continue to work extremely hard to deliver exceptional To Go experiences to our guests," said CEO Gene Lee. "We are proud of our team's ability to adapt and their dedication to producing results that consistently outperform our expectations and are building momentum."Business UpdateFor the fourth quarter to date through Sunday, April 19, Darden same-restaurant sales* declined (44.7)%. Based on the last two weeks' performance, our ongoing weekly cash burn rate has improved to approximately $20MM including capital expenditures and not including any additional changes to net working capital. Same-restaurant sales* performance for Darden and its reportable segments are as follows:WE 4/12WE 4/19QTD 4/19Darden(65.2)%(60.0)%(44.7)%Olive Garden(53.6)%(44.8)%(38.0)%LongHorn Steakhouse(66.
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News
- Darden Restaurants (NYSE:DRI) had its price target lowered by analysts at Citigroup Inc. from $239.00 to $232.00. They now have a "buy" rating on the stock.MarketBeat
- Darden Restaurants (NYSE:DRI) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- Why The Narrative Around Darden Is Shifting After Analyst and Earnings Updates [Yahoo! Finance]Yahoo! Finance
- Darden Restaurants (NYSE:DRI) was given a new $185.00 price target on by analysts at Mizuho.MarketBeat
- Almost no indication of tariff inflation in Walmart's Q3 report, says Fmr. Walmart U.S. CEO Bill Simon [CNBC]CNBC
DRI
Earnings
- 9/18/25 - Beat
DRI
Sec Filings
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- 11/12/25 - Form 4
- DRI's page on the SEC website