Darden Restaurants, Inc. (DRI) reported dismal first-quarter fiscal 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. On a year-over-year basis, the top line increased, but the bottom line declined. The quarterly earnings fell short of expectations due to a significant drop in traffic during July. However, since then, the company has seen an improvement in sales trends. Considering this recovery and the planned initiatives for the rest of the fiscal year, the company reaffirmed ...

In an increasingly fast-paced dining landscape, Darden Restaurants is under pressure to improve operational efficiency across its diverse portfolio, which includes Olive Garden, LongHorn Steakhouse, and fine dining establishments like The Capital Grille. Darden Restaurants President and CEO Rick Cardenas acknowledged the need for speed during the company's first-quarter earnings call Thursday (Sept. 19). "We operate in a very dynamic, competitive industry," Cardenas said, highlighting that while full-servic ...

财务数据和关键指标变化 - 第一季度总销售额为28亿美元,同比增长1%,主要由于新增42家餐厅抵消了同店销售下降1.1% [24] - 餐厅EBITDA利润率为18.8%,同比下降20个基点,主要由于销售额下降导致的成本杠杆效应 [25][26] - 调整后每股收益为1.75美元,略低于去年同期 [25] 各条业务线数据和关键指标变化 - Olive Garden同店销售下降2.9%,表现略逊于行业基准,但两年来同店销售增长3.2%,超行业480个基点 [27] - LongHorn同店销售增长3.7%,大幅超行业620个基点,持续增加市场份额 [28] - 高端餐厅业务同店销售均为负,整体业绩受到挑战 [28] - 其他业务线同店销售下降1.8%,但仍优于行业70个基点 [29] 各个市场数据和关键指标变化 - 佛罗里达州和德克萨斯州的表现相对较弱,主要受到天气和旅游因素的影响 [130][131] - 管理团队的执行能力是影响门店表现的关键因素,执行到位的门店业绩更佳 [130][131][132] 公司战略和发展方向及行业竞争 - 公司坚持"回归基本"的经营理念,通过菜品创新、优质服务和营销推广来提升顾客体验 [7][8] - 公司与Uber建立首次合作,在Olive Garden试点外卖送货服务,以满足顾客需求并保护公司竞争优势 [17][18][19][20] - 公司将继续关注提升就餐速度,以满足消费者需求的变化 [39][40][41] - 公司将在适当时机推出有限时促销活动,但不会牺牲长期健康去获得短期利益 [35][36][61] 管理层对经营环境和未来前景的评论 - 7月份行业出现意外的销售下滑,但8月和9月开始反弹,公司有信心应对当前环境 [23] - 公司对Olive Garden的长期发展前景保持信心,将继续采取措施提升顾客体验 [7][16] - 公司认为LongHorn等品牌的强劲表现反映了行业中高端消费者的需求 [70][71] - 公司对高端餐厅业务的恢复持谨慎态度,将采取有针对性的措施应对 [116][117] 其他重要信息 - 公司计划于10月中旬完成收购Chuy's,并将借鉴之前整合Ruth's Chris的经验 [29] - 公司维持全年业绩指引,预计未来三个季度的盈利增长将在中高个位数 [80][81] 问答环节重要的提问和回答 问题1 **Brian Bittner提问** Uber外卖合作对Olive Garden的影响有多大,未来是否会拓展到其他品牌? [31][32] **Rick Cardenas回答** 公司将从试点中学习,并有权在未来两年内将该服务拓展至其他品牌,但目前仍专注于Olive Garden [32][38] 问题2 **Brian Harbour提问** 除Olive Garden外,是否还有其他品牌会在2025财年试点Uber外卖? [37][38] **Rick Cardenas回答** 公司有能力在本财年内试点其他品牌,但目前专注于Olive Garden,待试点成功后再考虑拓展 [38] 问题3 **Jon Tower提问** Uber外卖合作是否已纳入2025财年指引,公司是否会在Uber平台上做广告推广? [43][44][45] **Rick Cardenas回答** Uber外卖合作的影响已纳入指引,公司暂无在Uber平台做广告的计划,而是会通过自有渠道进行推广 [43][45]

We have had a hold rating since a successful public trade on Darden Restaurants, Inc. (NYSE: DRI ) earlier this year. We closed the trade but suggested leaving some profit in the name for a Pay yourself dividends with outsized returns Get more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop. Our prices go up October 1st, so act now and lock in 75% of savings versus the $1,668 some members pay with our current pre-price hike sale, ...

Shares of Darden Restaurants Inc (NYSE:DRI) are up 7.3% at last glance today, trading at $170.77 after news that the Olive Garden parent is partnering with Uber Technologies (UBER) for delivery services. The company hopes to increase sales this way, as consumer spending at restaurants has been waning. The partnership is helping overshadow Darden's fiscal first-quarter earnings and revenue misses. Today's pop has DRI hitting its highest levels since late March, coming closer to its March 4 record high of $17 ...

Darden Restaurants (DRI) reported $2.76 billion in revenue for the quarter ended August 2024, representing a year-over-year increase of 1%. EPS of $1.75 for the same period compares to $1.78 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.8 billion, representing a surprise of -1.40%. The company delivered an EPS surprise of -3.31%, with the consensus EPS estimate being $1.81. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Darden Restaurants (DRI) came out with quarterly earnings of $1.75 per share, missing the Zacks Consensus Estimate of $1.81 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.31%. A quarter ago, it was expected that this owner of Olive Garden and other chain restaurants would post earnings of $2.62 per share when it actually produced earnings of $2.65, delivering a surprise of 1.1 ...

A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Darden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. "While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business," CEO Rick Cardenas said in a statement. "I am confident in the actions all our brand teams are taking to address their guests' needs, which do n ...

Exhibit 99.1 ). Darden Darden Restaurants Reports Fiscal 2025 First Quarter Results; Declares Quarterly Dividend; And Reiterates Fiscal 2025 Financial Outlook ORLANDO, Fla., September 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the first quarter ended August 25, 2024. | --- | --- | |------------------------|--------| | | | | sales: | | | Consolidated Darden* | (1.1)% | | Olive Garden | (2.9)% | | LongHorn Steakhouse | 3.7% | | Fine Dining* | (6.0)% | ...

ORLANDO, Fla., Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) today reported its financial results for the first quarter ended August 25, 2024. First Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year | --- | --- | |----------------------|-----------| | | | | Consolidated Darden* | (1.1) % | | Olive Garden | (2.9) % | | LongHorn Steakhouse | 3.7 % | | Fine Dining* | (6.0) % | | Other Business | (1.8) % | | --- | --- | --- | --- | --- | --- | --- | --- | ...