Darden Restaurants CEO Rick Cardenas said there's been a small shift from fast food to casual dining. American fast-food consumers have expressed frustration with rising prices. Several casual chains now offer discounted combo deals to attract diners seeking better value. NSIDER TODAY Bull Email address Bull Customers fed up with increasingly high prices at fast-food restaurants are taking action, and they may be turning to places like Chili's and Applebee's instead. This story is available exclusively to B ...

Olive Garden said it plans to keep raising its menu prices — even as top executives admitted that sales dropped in the latest quarter as inflationhammered customers pulled back on visits. According to financial chief Raj Vennam, "The pullback is mostly at the below-median household income," adding, "our other [customer] groups are stable or growing." They will rise again this month, executives said, without giving specifics. "Last year we had a little too high profit margin," Vennam said. "It was industry l ...

Rick Cardenas, president and CEO at Darden Restaurants, said Thursday (June 20) that those concerns are greatest among consumers with incomes below the median household income of $75,000 and especially among those with incomes below $50,000. "These impacts were even greater in our fine dining brands, so that's why you saw fine dining had a more negative comp than others," Cardenas said. The same-store sales figures for the company's fine dining segment include The Capital Grille. They do not yet include the ...

财务数据和关键指标变化 - 公司全年总销售额增长8.6%至114亿美元 [11] - 调整后每股摊薄净收益增长11%至8.88美元,超过年初指引的高端 [11] - 第四季度总销售额增长6.8%至30亿美元 [24] - 第四季度调整后每股摊薄净收益增长2.7%至2.65美元 [26] - 第四季度生成5.23亿美元调整后EBITDA [26] - 全年生成18亿美元调整后EBITDA,过去5年复合年增长率达9% [35][38] - 自2019年以来,公司已实现8%的年化EAT增长和3.7%的现金回报率,总股东回报率达11.7% [38][39] 各条业务线数据和关键指标变化 - 橄榄园餐厅总销售额增长0.7%,同店销售下降1.5% [31] - 橄榄园餐厅利润率为22.8%,行业领先 [31] - LongHorn餐厅总销售额增长7.2%,同店销售增长4% [32] - LongHorn餐厅利润率为19.1%,同比提升50个基点 [32] - 高端餐饮分部总销售额增长,但同店销售下降 [33] - 其他业务分部总销售额增长,利润率同比提升160个基点 [34] 各个市场数据和关键指标变化 - 佛罗里达、德克萨斯和加利福尼亚市场表现相对较弱 [161] - 新英格兰市场表现相对较强 [161] 公司战略和发展方向及行业竞争 - 公司继续专注于执行长期战略,推动增长和股东价值 [18] - 公司进行了一系列高管调整,为未来发展做好准备 [18-22] - 公司不会通过大幅折扣和营销来刺激销售,而是专注于提供优质的产品和服务 [121] - 公司认为其经营模式和品牌定位更具可持续性,不会跟随行业大幅提价和促销 [121] 管理层对经营环境和未来前景的评论 - 消费者,特别是中低收入群体,对通胀和就业市场日益担忧 [61] - 公司预计未来一年经济增长放缓,但有信心通过执行策略实现长期目标 [49][50] - 公司认为其品牌定位和运营优势将帮助其在任何环境下都能表现出色 [12][17] 其他重要信息 - 公司在2024财年新开53家餐厅,其中8家为重新开业 [12] - 公司完成了对Ruth's Chris Steak House的收购和整合 [16] - 公司的管理层和团队成员留存率已恢复至疫情前水平,有助于提供优质的客户体验 [13] - 公司旗下多个品牌在2024财年创下客户满意度新高 [15] - 公司通过Harvest Food Donation Program向当地食品银行捐赠了450万餐 [45] 问答环节重要的提问和回答 问题1 **Brian Harbour 提问** 对于2025财年的销售指引,各品牌的表现会有何不同?橄榄园的表现会有所好转吗? [48] **Raj Vennam 回答** 公司预计整体同店销售增长1%-2%,各品牌表现将较为一致。橄榄园的表现将逐步改善,但受到感恩节档期的影响,第二季度可能会好于第三季度 [49][50][51] 问题2 **Lauren Silberman 提问** 公司在营销方面的策略是什么?对于不同收入群体的消费者,公司有何观察和应对? [57][60] **Rick Cardenas 回答** 公司将继续保持营销开支稳定,专注于提供优质产品和服务,而不是通过大幅促销来刺激销售。公司发现中低收入消费者受到通胀和就业市场担忧的影响较大,但公司将继续为所有客户提供优质的用餐体验 [58][61][62] 问题3 **Eric Gonzalez 提问** 公司为何看到客单价不再出现大幅负面混合影响? [65] **Raj Vennam 回答** 在橄榄园和LongHorn,客单价的负面混合影响已大幅缓解,基本持平。这表明来店的客户不再像之前那样压缩消费 [124][125]

Get Darden Restaurants alerts: | --- | --- | --- | |-----------------------|-------|-------| | | | | | DRI | | | | Darden Restaurants | | | | $155.45 | | | | +3.49 (+2.30%) | | | | 52-Week Range $133.36 | | | | ▼ | | | | $176.84 | | | | Dividend Yield 3.37% | | | | P/E Ratio 18.22 | | | | Price Target $173.81 | | | Examining Darden's same-store sales growth provides a clearer picture of the company's performance relative to its established restaurant base. For Q4 2024, Darden reported flat same-store sales ...

Shares of Darden Restaurants rose 1.3% to $153.93 as of 10:48 a.m. ET Thursday. They are down 6% year-todate. Darden explained that the gains were driven by the addition of 80 Ruth's Chris locations, and 37 other net new restaurants. Darden purchased Ruth's Chris last year for about $715 million. Key Takeaways Darden Restaurants (DRI) shares advanced Thursday after it posted a better-than-expected adjusted profit as it benefited from the acquisition of Ruth's Chris Steak House. Same-store sales, which didn' ...

文章核心观点 - 连锁休闲餐饮企业正在吸引那些对快餐价格感到沮丧的顾客 [1][2][3] - 虽然达达餐厅集团本身没有从这一转变中获益,但其竞争对手如Chili's和Applebee's正在重燃与快餐企业的竞争,并取得成效 [2] - 快餐价格上涨,消费者感受到了压力,但全服务餐厅和杂货店正在强调自身相对快餐的价值 [4][5][6][7] - 达达餐厅集团采取了不同的策略,如电视广告和保持整体价格低于通胀水平来吸引顾客 [8][9] 行业概况 - 截至5月,全服务餐厅菜单价格同比上涨3.5%,有限服务餐厅上涨4.5%,整体消费价格指数上涨3.3% [4] - 消费者对两年多来的价格上涨感到压力,即使是通常在经济环境较差时受益的快餐企业也不例外 [5][6] - 麦当劳面临顾客、社交媒体用户和共和党人的抨击,称其价格已翻倍,但公司称价格仅上涨40% [6][7] - 麦当劳推出了5美元套餐和免费薯条等措施来吸引价格敏感的消费者 [7] 公司表现 - 达达餐厅集团的同店销售额持平,收入低于预期,但利润超预期 [8][9] - 该公司面临"持续疲弱的消费环境"以及竞争对手的折扣和营销压力,但其餐厅仍优于整个休闲餐饮行业 [9] - 该公司股价今年下跌6%,受到消费环境担忧的拖累 [10]

Darden Restaurants (DRI) reported $2.96 billion in revenue for the quarter ended May 2024, representing a year-over-year increase of 6.8%. EPS of $2.65 for the same period compares to $2.58 a year ago. The reported revenue represents a surprise of -0.88% over the Zacks Consensus Estimate of $2.98 billion. With the consensus EPS estimate being $2.62, the EPS surprise was +1.15%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

Darden Restaurants, Inc. (DRI) reported mixed fourth-quarter fiscal 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The metrics increased on a year-over-year basis. Following results, the stock inched up 1.3% in the pre-market trading session. Sales by Segments Sales in Fine Dining increased 55.9% year over year to $327.1 million. Our estimate for the metric was $376.6 million. Comps in the segment dropped 2.6% year over year compared with a 2.3% fall reported ...

This quarterly report represents an earnings surprise of 1.15%. A quarter ago, it was expected that this owner of Olive Garden and other chain restaurants would post earnings of $2.63 per share when it actually produced earnings of $2.62, delivering a surprise of -0.38%. Darden Restaurants, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $2.96 billion for the quarter ended May 2024, missing the Zacks Consensus Estimate by 0.88%. This compares to year-ago revenues of $2.77 billio ...