— 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.
When Warren Buffett dumped airline stocks suffering massive losses three weeks ago, he probably overlooked one key aspect about the industry – that no amount of restrictions will kill people’s
Alibaba Group Holding Ltd (NYSE: BABA) is striving to regain strength after falling sharply last week, ahead of fourth-quarter earnings. The positive results failed to impress stakeholders as market sentiment
The US is now back in the ring with its nemesis China for the second round. This time, the US administration has wasted no time in delivering a massive blow,