Darden Restaurants Inc
DRI-
Darden Restaurants declined 5.9% to $164.32 after the owner of Olive Garden and other chains reported weaker-than-expected revenue and earnings in its latest quarter.
Revenue in the fiscal third quarter increased 6.8% to $2.97 billion from $2.79 billion, net income rose to $312.9 million from $286.6 million, and diluted earnings per share advanced to $2.60 from $2.34 a year ago.
The total sales increase was driven by sales from the addition of 79 company-owned Ruth's Chris Steak House restaurants and 53 other net new restaurants, partially offset by a blended same-restaurant sales decrease of 1.0%.
The company estimated full-year revenue of $11.4 billion and diluted earnings per share between $8.80 and $8.90.
The company's board of directors declared a quarterly cash dividend of $1.31 per share payable on May 1 to shareholders on record on April 10.
The retail chain in the quarter repurchased 0.2 million shares for $33 million, and the company's board authorized a new share repurchase plan of $1 billion.
Mar 21, 2024 -
Darden Restaurants, Inc fell 1.5% to $147.72 after the company said same store sales at its comparable fine dining locations declined 2.8% in the fiscal first quarter ending on August 27.
Consolidated comparable sales increased 5% driven by rise of 6.0% at Olive Garden stores and 8.1% jump at Long Horn Steak House locations.
Revenue in the quarter increased to $2.7 billion from $2.4 billion and net income rose to $194.5 million from $193 million and diluted earnings per share rose to $1.59 from $1.56 a year ago.
The company declared a dividend of $1.31 a share payable on November to shareholders on record on October 10.
During the quarter, the company repurchased 0.9 million shares for a total of $143 million, and at the end of the quarter $509 million were still available in its $1 billion stock repurchase program.
Sep 21, 2023 -
Darden Restaurants, Inc declined 3.8% to $160.0 after the parent of Olive Garden and Longhorn Steakhouse reported better-than-expected quarterly results but forecasted mixed annual outlook.
Revenue in the fiscal fourth quarter ending in May increased 6.4% to $2.8 billion, driven by same-store sales increase of 4.0% and sales from 47 net new restaurants.
Same store sales at Olive Garden restaurants increased 4.0% and Longhorn Steakhouse surged 7.1%.
Net income in the quarter increased to $315.1 million from 281.7 million and diluted earnings per share advanced to $2.58 from $2.44 a year ago.
Total sales in the fiscal year 2023 increased to $10.5 billion from $9.6 billion and net income soared to $981.9 million from $952.8 million and diluted earnings per share increased to $7.99 from $7.39 a year ago.
The company increased its quarterly dividend by 8% to $1.31 a share payable on August 1 to shareholders on record on July 10.
During the quarter, Darden repurchased 0.2 million shares for a total of $35.2 million and at the end of the quarter the company had $652 million available under its $1.0 billion stock repurchase program.
Jun 22, 2023
|
|
| |
|
| Trading Volume | 28,592 |
|
|
175.91 - 134.00 |
| Market Cap Full | $ 18.7B |
Quarterly +
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Q1 | 0.5% | 1.7% | 12.2% | -11.7% |
| Q2 | - | -9% | 7.7% | -15.8% |
| Q3 | - | 7.2% | -14.3% | 11.8% |
| Q4 | - | -0.1% | 15.3% | 10.5% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2025 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.5 | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| -1.1 | 5 | -2.2 | -8.7 | -1.3 | 1.1 | -3.8 | 7.2 | - | - | - | - |
| 2023 | |||||||||||
| 6.9 | -3.3 | 8.5 | -2.1 | 4.4 | 5.4 | 1.1 | -7.9 | -7.9 | 1.6 | 7.6 | 5 |
| 2022 | |||||||||||
| -7.2 | 2.7 | -7.4 | -0.9 | -5.1 | -10.4 | 11.2 | -0.6 | 1.2 | 14.4 | 2.7 | -5.9 |
| 2021 | |||||||||||
| -2.3 | 17.5 | 3.4 | 3.3 | -3.6 | 2.5 | 0.7 | 3.3 | 0.9 | -5.2 | -4.3 | 9.2 |
| 2020 | |||||||||||
| 6.7 | -17.7 | -43.2 | 35.5 | 4.2 | -1.4 | 0.2 | 16.2 | 16.3 | -10.4 | 17.5 | 10.7 |
EPS
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Q1 | 2.3 | 1.9 | 1 | 1.9 |
| Q2 | 2.6 | 2.2 | 2.8 | -3.9 |
| Q3 | 1.6 | 1.6 | 1.8 | 0.3 |
| Q4 | 1.8 | 1.5 | 1.5 | 0.7 |
| A | 8.26 | 8 | 7.4 | 4.8 |