Darden Restaurants Reports Earnings In Line With Estimates (DRI)

By
A A A
Share |

Darden Restaurants, Inc. ( DRI ) reported fiscal first quarter EPS of $0.85, beating consensus analyst estimates by $0.01. Revenue for the quarter came in at $2.03 billion, in line with expectations from Wall Street analysts.

Darden operates restaurants under a number of different brands, including Olive Garden, Red Lobster, and LongHorn Steakhouse. The company's Specialty Restaurant Group reported a same store sales increase of 2.2%, while Red Lobster same store sales declined by 2.6%.

Darden reported a net increase of 92 new restaurants from the same period a year ago.


Shares of Darden Restaurants are up 20% YTD.

The Bottom Line
Shares of Darden Restaurants ( DRI ) have a 3.65% dividend yield, based on last night's closing stock price of $54.72. The stock has technical support in the $49-$52 price area. The shares are trading at all-time highs.

Darden Restaurants ( DRI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: DRI

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

60%

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com