Darden Restaurants (DRI): Q2 2020 Earnings Snapshot

— Darden Restaurants Inc. (NYSE: DRI) reported Q2 2020 earnings of $1.12 per share, vs. $1.07 expected. — Sales grew 4.2% to $2.06 billion, vs. $2.06 billion expected. — Blended same-restaurant sales increased 2%. — FY2020 total sales growth is expected to be 5.3% to 6.3%. — FY2020 same-restaurant sales growth is expected to be […]

$DRI December 19, 2019 1 min read

NYSE

$DRI · Earnings

“
— Darden Restaurants Inc. (NYSE: DRI) reported Q2 2020 earnings of $1.12 per share, vs. $1.07 expected. — Sales grew 4.2% to $2.06 billion, vs. $2.06 billion expected. — Blended same-restaurant sales increased 2%. — FY2020 total sales growth is expected to be 5.3% to 6.3%. — FY2020 same-restaurant sales growth is expected to be […]
· December 19, 2019

— Darden Restaurants Inc. (NYSE: DRI)
reported Q2 2020 earnings of $1.12 per share, vs. $1.07 expected.

— Sales grew 4.2% to $2.06 billion, vs. $2.06 billion
expected.

— Blended same-restaurant sales increased 2%.

— FY2020 total sales growth is expected to be 5.3% to 6.3%.

— FY2020 same-restaurant sales growth is expected to be 1-2%.

— FY2020 adjusted diluted EPS from continuing operations is
expected to be $6.30-6.45.

— For FY2020, Darden expects approx. 50 gross and 44 net
new restaurant openings.

— DRI shares fell 3% immediately following the
announcement.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Related Articles

S&P 500 Gains as Risk-On Rotation Sends Energy Up 1.84%, Utilities Down 1.68%

Orion Engineered Carbons Confronts Cycle Lows With Cost Reset and Disciplined 2026 Outlook

JCI Shares Jump After Strong Earnings