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.

Darden Restaurants Q2 2021 earnings infographic

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!

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