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Darden Restaurants(DRI) - 2025 Q3 - Earnings Call Transcript
2025-03-20 16:41
Darden Restaurants, Inc. (NYSE:DRI) Q3 2025 Earnings Conference Call March 20, 2025 8:30 AM ET Company Participants Courtney Aquilla - Senior Director, Finance and Investor Relations Rick Cardenas - President and Chief Executive Officer Raj Vennam - Chief Financial Officer Conference Call Participants Jon Tower - Citi David Palmer - Evercore ISI Eric Gonzalez - KeyBanc Capital Markets Brian Bittner - Oppenheimer Sara Senatore - Bank of America Brian Harbour - Morgan Stanley Dennis Geiger - UBS David Taranti ...
Markets Await Leading Indicators Data
ZACKS· 2025-03-20 16:00
Economic & Earnings CommentaryWe had bounced off early-morning lows in today’s pre-market trading, but it was very temporary and indexes look what looked like it may have been a hard turn lower. It’s not: things are now pretty steadily in the red. The Dow is -160 points at the hour, the S&P 500 is -23 points and the Nasdaq -120. The small-cap Russell 2000 is down a deeper percentage, -14 points.Fed day yesterday gave us a pretty decent rally, but market indexes have a ways to go to turn everything around, a ...
Darden Restaurants (DRI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-03-20 14:31
Darden Restaurants (DRI) reported $3.16 billion in revenue for the quarter ended February 2025, representing a year-over-year increase of 6.2%. EPS of $2.80 for the same period compares to $2.62 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.21 billion, representing a surprise of -1.54%. The company delivered an EPS surprise of -0.36%, with the consensus EPS estimate being $2.81.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...
Darden: Q3 Sales Boosted by Openings
The Motley Fool· 2025-03-20 13:30
Darden Restaurants grew revenue in the third quarter of fiscal 2025, bolstered by strategic acquisitions and restaurant openings.Full-service dining restaurant chain specialist Darden Restaurants (DRI 5.74%) reported mixed fiscal 2025 third-quarter earnings on Thursday, March 20. Revenue of $3.16 billion rose 6.2% year over year but fell short of analysts' consensus expectations of $3.21 billion. Adjusted EPS of $2.80 was up by 6.9% year over year and matched expectations. The overall performance was solid, ...
Darden Restaurants (DRI) Misses Q3 Earnings and Revenue Estimates
ZACKS· 2025-03-20 13:10
Darden Restaurants (DRI) came out with quarterly earnings of $2.80 per share, missing the Zacks Consensus Estimate of $2.81 per share. This compares to earnings of $2.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.36%. A quarter ago, it was expected that this owner of Olive Garden and other chain restaurants would post earnings of $2.05 per share when it actually produced earnings of $2.03, delivering a surprise of -0.9 ...
Darden Restaurants(DRI) - 2025 Q3 - Earnings Call Transcript
2025-03-20 12:30
Darden Restaurants (DRI) Q3 2025 Earnings Call March 20, 2025 08:30 AM ET Company Participants Courtney Aquilla - Senior Director of Finance & Investor RelationsRick Cardenas - President & CEORaj Vennam - CFOJon Tower - Director & Equity Research - Consumer & RestaurantsDavid Palmer - Senior Managing DirectorDennis Geiger - Executive Director - Equity ResearchDavid Tarantino - Director - ResearchTyler Prause - Equity Research Senior AssociateLauren Silberman - DirectorPeter Saleh - MD - RestaurantsJeff farm ...
Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss expectations
CNBC· 2025-03-20 11:12
In this articleThe Olive Garden logo is displayed on the front of an Olive Garden Italian restaurant in Edmonton, Alberta, Canada, on February 15, 2025.Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts' projections.Shares of the company fell nearly 1% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.80 adjusted vs. $2 ...
Darden Restaurants(DRI) - 2025 Q3 - Quarterly Results
2025-03-20 11:04
Third Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year | Consolidated Darden* | 0.7% | | --- | --- | | Olive Garden | 0.6% | | LongHorn Steakhouse | 2.6% | | Fine Dining | (0.8)% | | Other Business* | (0.4)% | * Will not include Chuy's until they have been owned and operated by Darden for a 16-month period (Q4 Fiscal 2026) ** See the "Non-GAAP Information" below for more details "We had a solid quarter, and I am proud of how our teams managed their business and controlled ...
Darden Restaurants Reports Fiscal 2025 Third Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2025 Financial Outlook
Prnewswire· 2025-03-20 11:00
ORLANDO, Fla., March 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 23, 2025. Third Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.2% to $3.2 billion, driven by a blended same-restaurant sales* increase of 0.7% and sales from the acquisition of 103 Chuy's restaurants and 40 net new restaurants Same-restaurant sales: Consolidated Darden* 0.7 % Oli ...
Top Wall Street Forecasters Revamp Darden Restaurants Price Expectations Ahead Of Q3 Earnings
Benzinga· 2025-03-20 04:46
Core Insights - Darden Restaurants, Inc. is set to release its third-quarter financial results on March 20, with expected earnings of $2.79 per share, an increase from $2.62 per share in the same quarter last year [1] - The company projects quarterly revenue of $3.22 billion, up from $2.97 billion a year earlier [1] Analyst Ratings - Truist Securities analyst Jake Bartlett maintained a Buy rating and raised the price target from $200 to $212 on March 17, 2025, with a 72% accuracy rate [4] - Raymond James analyst Brian Vaccaro maintained an Outperform rating and increased the price target from $200 to $210 on January 28, 2025, with an 80% accuracy rate [4] - Barclays analyst Jeffrey Bernstein maintained an Overweight rating and boosted the price target from $206 to $230 on January 7, 2025, with a 64% accuracy rate [4] - Oppenheimer analyst Brian Bittner maintained an Outperform rating and increased the price target from $200 to $218 on January 7, 2025, with a 66% accuracy rate [4] - Stifel analyst Chris O'Cull maintained a Buy rating and boosted the price target from $190 to $205 on December 20, 2024, with a 75% accuracy rate [4]