Inside the Results
Darden Restaurants reported a second quarter net loss of $32.8 million, or 24 cents per share, compared to earnings of $19.8 million, or 5 cents per share, a year ago. Excluding special items, earnings were 28 cents per share, above analysts’ view of 27 cents per share.
DRI reported revenue of $1.56 billion, up from $1.49 billion last year. Analysts expected to see revenue of $1.55 billion.
Looking forward, Darden expects to see FY2015 earnings between $2.25 and $2.30. This range is up from the company’s previous outlook of $2.22 to $2.30 per share. Analysts expect to see earnings of $2.26 per share.
More to Consider Than DRI’s Earnings Release
Mutual Funds to Watch
|LCEAX||Invesco Diversified Dividend||2.04%|
|VMCIX||Vanguard Mid Cap Index||1.73%|
|VTSMX||Vanguard Total Stock Mkt Idx||1.65%|
The Bottom Line
Shares of DRI are up 5% YTD.