Darden's Q2 Earnings Underperform Estimates, Revenues Top

Zacks12-19

Darden Restaurants, Inc. DRI reported second-quarter fiscal 2025 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top and bottom lines increased on a year...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492108462?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/mc85ACpfphZ93vdVfcNwYA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/28df294c56bdc9a07188368695bfa2b1","is_english":true,"pubTime":"2024-12-19 22:43","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492108462","market":"us","top_or_hot":-1,"title":"Darden's Q2 Earnings Underperform Estimates, Revenues Top","media":"Zacks","content":"<div>\n<p>Darden Restaurants, Inc. DRI reported second-quarter fiscal 2025 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top and bottom lines increased on a year...</p>\n\n<a href=\"https://finance.yahoo.com/news/dardens-q2-earnings-underperform-estimates-144300418.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Darden's Q2 Earnings Underperform Estimates, Revenues Top</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDarden's Q2 Earnings Underperform Estimates, Revenues Top\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 22:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/dardens-q2-earnings-underperform-estimates-144300418.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Darden Restaurants, Inc. DRI reported second-quarter fiscal 2025 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top and bottom lines increased on a year...</p>\n\n<a href=\"https://finance.yahoo.com/news/dardens-q2-earnings-underperform-estimates-144300418.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DECK","symbol_name":"Deckers Outdoor Corporation","start_time":0,"source_url":"https://finance.yahoo.com/news/dardens-q2-earnings-underperform-estimates-144300418.html","article_id":"2492108462","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/mc85ACpfphZ93vdVfcNwYA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/28df294c56bdc9a07188368695bfa2b1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492108462","pubTimestamp":1734619380,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Darden Restaurants, Inc. DRI reported second-quarter fiscal 2025 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top and bottom lines increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Darden Restaurants, Inc. Price, Consensus and EPS Surprise. Darden Restaurants, Inc. price-consensus-eps-surprise-chart | Darden Restaurants, Inc. Quote. As of Nov. 24, 2024, cash and cash equivalents came in at $217.3 million compared with $194.8 million as of May 26.During the fiscal second quarter, inventories came in at $318 million compared with $297.7 million reported in the previous quarter. As of Nov. 24, 2024, long-term debt was $2.12 billion compared with $1.37 million as of May 26.During the fiscal second quarter, Darden’s board of directors repurchased approximately 0.9 million shares of its common stock, worth approximately $142 million. As of the fiscal second quarter, the company stated","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"DECK":"Deckers Outdoor Corporation","DRI":"达登饭店"},"translate_title":"达顿第二季度盈利低于预期，收入最高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DECK":0.9,"DRI":0.9},"content_text":"Darden Restaurants, Inc. DRI reported second-quarter fiscal 2025 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top and bottom lines increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nDRI’s Fiscal Q2 Earnings & Revenues\nDuring the fiscal second quarter, Darden reported adjusted earnings per share (EPS) of $2.03, missing the Zacks Consensus Estimate of $2.05. In the prior-year quarter, DRI reported an adjusted EPS of $1.84.Total sales during the quarter came in at $2.89 billion, beating the consensus mark of $2.87 billion. Sales inched up 6% from the prior-year quarter’s level. The upside was backed by a blended same-restaurant sales increase of 2.4%. Also, contributions from 103 Chuy's restaurants and 39 net new restaurants added to the positives.\n\nDarden Restaurants, Inc. Price, Consensus and EPS Surprise\n\nDarden Restaurants, Inc. price-consensus-eps-surprise-chart | Darden Restaurants, Inc. Quote\n\nSales by Segments\nDarden reports business under four segments — Olive Garden, LongHorn Steakhouse, Fine Dining, including The Capital Grille and Eddie V's and Other Business.During the fiscal second quarter, sales at Olive Garden increased 3.3% year over year to $1.29 billion. Our estimate for the metric was $1.3 billion. Comps in the segment increased 2% year over year against a 2.9% fall reported in the previous quarter.At LongHorn Steakhouse, sales were up 10.4% year over year to $710.1 million. Our estimate for the metric was $687.4 million. Comps in the segment rose 7.5% year over year compared with the 3.7% growth reported in the previous quarter.Sales in Fine Dining fell 3.8% year over year to $306 million. Our estimate for the metric was $328.3 million. Comps in the segment fell 5.8% year over year compared with a 6% drop reported in the previous quarter.Sales in Other Business increased 12.9% year over year to $581.4 million. Our estimate for the metric was $527.6 million. Comps in the Other Business inched up 0.7% year over year against a 1.8% fall reported in the previous quarter.\nDRI’s Operating Highlights\nIn the fiscal second quarter, total operating costs and expenses inched up 6.1% year over year to $2.6 billion. The upside was primarily due to increased restaurant expenses, labor costs and marketing expenses. The figure compares to our projection of $2.53 billion.\nDRI’s Balance Sheet\nAs of Nov. 24, 2024, cash and cash equivalents came in at $217.3 million compared with $194.8 million as of May 26.During the fiscal second quarter, inventories came in at $318 million compared with $297.7 million reported in the previous quarter. As of Nov. 24, 2024, long-term debt was $2.12 billion compared with $1.37 million as of May 26.During the fiscal second quarter, Darden’s board of directors repurchased approximately 0.9 million shares of its common stock, worth approximately $142 million. As of the fiscal second quarter, the company stated availability of approximately $601 million under the $1 billion repurchase authorization.\nDarden’s Fiscal 2025 Outlook\nFor the fiscal 2025, the company expects total sales to be approximately $12.1 billion. Same-restaurant sales growth in the fiscal 2025 is anticipated to be 1.5% year over year. Diluted EPS from continuing operations is anticipated in the band of $9.40-$9.60.The company expects to open 50-55 net new restaurants and projects a total capital spending of approximately $650 million in fiscal 2025.\nDRI’s Zacks Rank & Key Picks\nDarden currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Zacks Retail-Wholesale sector have been discussed below.Deckers Outdoor Corporation DECK currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.DECK has a trailing four-quarter earnings surprise of 41.1%, on average. The stock has gained 19.7% in the past six months. The Zacks Consensus Estimate for DECK’s fiscal 2025 sales and EPS indicates growth of 13.6% and 12.8%, respectively, from the year-ago period’s levels.Brinker International, Inc. EAT presently flaunts a Zacks Rank of 1. EAT has a trailing four-quarter earnings surprise of 12.1%, on average. The stock has surged 87.1% in the past six months.The consensus estimate for EAT’s fiscal 2025 sales and EPS indicates growth of 8.4% and 37.6%, respectively, from the year-ago period’s levels.Sprouts Farmers Market, Inc. SFM currently sports a Zacks Rank of 1. SFM has a trailing four-quarter earnings surprise of 15.3%, on average. The stock has risen 73.9% in the past six months.The Zacks Consensus Estimate for SFM’s 2025 sales and EPS indicates a rise of 10% and 14.4%, respectively, from the year-ago period’s levels.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDarden Restaurants, Inc. (DRI) : Free Stock Analysis Report\nBrinker International, Inc. (EAT) : Free Stock Analysis Report\nDeckers Outdoor Corporation (DECK) : Free Stock Analysis Report\nSprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492108462"}