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DRI / Darden Restaurants net income rises by 11.8%, while its profit outlook beats estimates

Darden Restaurants net income rises by 11.8%, while its profit outlook beats estimates
Darden Restaurants Inc. DRI, +0.36%, owner of Olive Garden and Longhorn Steak House, on Thursday reported an 11.8% increase in fourth-quarter net income to $315.1 million, or $2.61 a share, from $281.7 million, or $2.26 a share, in the year-ago quarter. The company beat the Wall Street profit forecast of $2.54 a share, according to analysts surveyed by FactSet. Read More
Posted: Jun 22 2023, 07:28
Author Name: Market Watch
Views: 111655

DRI News  

Why Darden Restaurants (DRI) is a Top Value Stock for the Long-Term

By Zacks Investment Research
October 23, 2023

Why Darden Restaurants (DRI) is a Top Value Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. more_horizontal

Here's Why You Should Retain Darden Restaurants (DRI) Stock Now

By Zacks Investment Research
October 3, 2023

Here's Why You Should Retain Darden Restaurants (DRI) Stock Now

Darden (DRI) emphasizes the integration of Ruth's Hospitality Group to drive growth. However, inflationary pressures are a concern. more_horizontal

Darden Says Customers Are Drinking Cheaper Alcohol

By Bloomberg Markets and Finance
September 22, 2023

Darden Says Customers Are Drinking Cheaper Alcohol

Could this be a sign of the times? At Darden's higher-end locations, which include the Capital Grille and Ruth's Chris Steak House, consumers are trad more_horizontal

Olive Garden Sees Positive Results From Darden's Brand Equity Strategy

By PYMNTS
September 22, 2023

Olive Garden Sees Positive Results From Darden's Brand Equity Strategy

Darden Restaurants, the parent company of popular dining chains including Olive Garden, The Capital Grille and LongHorn Steakhouse, has adopted a stra more_horizontal

Solid Business Performances Weren't Enough for These 2 Stocks on Thursday

By The Motley Fool
September 21, 2023

Solid Business Performances Weren't Enough for These 2 Stocks on Thursday

Markets fell sharply on Thursday. KB Home shares dropped on investors' fears of housing market weakness, though the company's quarterly results held u more_horizontal

Darden: Restaurant Customers Skip the Fancy Wine Amid Financial Challenges

By PYMNTS
September 21, 2023

Darden: Restaurant Customers Skip the Fancy Wine Amid Financial Challenges

As consumers struggle with ongoing budgetary pressures, many are reining in their alcohol spending at nice restaurants by sticking to more budget-frie more_horizontal

Darden (DRI) Q1 Earnings & Revenue Beat Estimates, Rise Y/Y

By Zacks Investment Research
September 21, 2023

Darden (DRI) Q1 Earnings & Revenue Beat Estimates, Rise Y/Y

Darden's (DRI) first-quarter fiscal 2024 top line benefits from solid same-restaurant sales and new restaurant openings. more_horizontal

How Olive Garden Keeps Blooming

By WSJ
September 21, 2023

How Olive Garden Keeps Blooming

Casual-dining giant Darden is swimming against a receding consumer tide. more_horizontal


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