Categories AlphaGraphs, Consumer, Earnings, LATEST
Infographic: Highlights of Darden Restaurants’ (DRI) Q2 2021 earnings report
Darden Restaurants (NYSE: DRI) reported higher earnings for the second quarter of 2021, despite a decrease in sales amid historically low restaurant traffic due to the COVID-related restrictions.
Net profit of the Orlando, Florida-based restaurant chain increased to $96 million or $0.73 per share in the November-quarter from $24.7 million or $0.20 per share a year earlier. Analysts had forecast a lower bottom-line number.
Meanwhile, there was a 19.4% decrease in revenues to $1.66 billion. The top-line also came in below the market’s projection.
Read management/analysts’ comments on Darden’s Q2 earnings
Darden’s market value more than doubled in the past nine months. The stock closed the last trading session higher.
Looking for more insights?
Read the full conference call transcript here. It’s free!
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
