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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.
Revenue
DRI reported revenue of $1.56 billion, up from $1.49 billion last year. Analysts expected to see revenue of $1.55 billion.
Outlook
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.
Symbol | Mutual Fund | Stake |
---|---|---|
LCEAX | Invesco Diversified Dividend | 2.04% |
VMCIX | Vanguard Mid Cap Index | 1.73% |
VTSMX | Vanguard Total Stock Mkt Idx | 1.65% |
Shares of DRI are up 5% YTD.
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Justin Kuepper
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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.
Revenue
DRI reported revenue of $1.56 billion, up from $1.49 billion last year. Analysts expected to see revenue of $1.55 billion.
Outlook
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.
Symbol | Mutual Fund | Stake |
---|---|---|
LCEAX | Invesco Diversified Dividend | 2.04% |
VMCIX | Vanguard Mid Cap Index | 1.73% |
VTSMX | Vanguard Total Stock Mkt Idx | 1.65% |
Shares of DRI are up 5% YTD.
Receive email updates about best performers, news, CE accredited webcasts and more.
Justin Kuepper
|
Let's look at what's driving performance and whether the outperformance will last over...
Jayden Sangha
|
The ‘run on the bank’ was a combination of a few different events...
News
The markets have continued to fall over the past fortnight, as expectations are...
Mutual Fund Education
Justin Kuepper
|
Let's take a closer look at how ESG investments have outperformed during the...
Mutual Fund Education
Daniel Cross
|
While CITs and mutual funds share many similarities, there are some key differences...
Mutual Fund Education
Sam Bourgi
|
The phrase ‘bear market’ has been thrown around a lot lately, but it...