Shares of Darden Restaurants DRI decreased 2.2% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share decreased 59.42% over the past year to $0.56, which may not compare to the estimate of $0.05.
Revenue of $1,527,000,000 declined by 28.44% year over year, which missed the estimate of $1,560,000,000.
Outlook
Darden Restaurants said it expects Q2 EPS of $0.65-$0.75 .
How To Listen To The Conference Call
Date: Sep 24, 2020
Time: 08:30 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1007/36843
Technicals
Company's 52-week high was at $124.01
52-week low: $26.15
Price action over last quarter: Up 22.71%
Company Overview
Darden is one of the largest players in the $185 billion U.S. casual dining industry. Olive Garden (868 units), LongHorn (522), and Cheddar's Scratch Kitchen (165 company-owned units) are its core brands, while the smaller, faster-growing specialty restaurant group is made up of Yard House (81), The Capital Grille (60), Seasons 52 (44), Bahama Breeze (41), and Eddie V's (23). In November 2015, the company spun off selected real estate and restaurant assets into Four Corners Property Trust.
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