Categories Consumer, Earnings

Infographic: Highlights of Darden Restaurants (NYSE: DRI) Q4 2020 Earnings Report

Darden Restaurants (NYSE: DRI) reported a net loss for the fourth quarter of 2020, compared to profit last year, as sales decreased during the three-month period. The results, meanwhile, exceeded the forecast and the company’s stock gained early Thursday following the announcement.

Darden Restaurants Q4 2020 Earnings Infographic

The company reported a loss of $1.24 per share for the quarter, on an adjusted basis, compared to earnings of $1.76 per share a year earlier. Unadjusted net loss was $480 million or $3.86 per share, compared to earnings of $208 million or $1.67 per share in the fourth quarter of 2019.

Total sales plunged 43% annually to $1.27 billion during the quarter, hurt by negative blended same-restaurant sales that was partially offset by an extra week of operations and new store additions.

Both earnings and sales came in above the market’s prediction. Darden’s shares made strong gains during pre-market trading on Thursday, after closing the previous session lower. The stock has lost 37% since the beginning of the year and 42% in the past twelve months.

Most Popular

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top