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
IPO Alert: Here’s what to look for when CaliberCos goes public
The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is
CarMax (KMX) Stock: Does the current dip offer a buying opportunity?
The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with
Ultimax Digital gears up for $10mln IPO. Here’s all you need to know
The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax
