What Darden Restaurants' Earnings Mean for Mutual Fund Investors (DRI)

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What Darden Restaurants' Earnings Mean for Mutual Fund Investors (DRI)

Shauna O'Brien Dec 17, 2014

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

The Bottom Line

Shares of DRI are up 5% YTD.

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