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

|

Darden restaurants logo
The parent company of Olive Garden and Longhorn Steakhouse, Darden Restaurants (DRI), released its second quarter results after the closing bell on Tuesday. Although the company posted a net loss for the quarter, it exceeded analysts’ expectations.

Inside the Results

Earnings

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.

More to Consider Than DRI’s Earnings Release

Darden has been in the financial news over the last couple of months. The company has been faced with pressures from activist investor Starboard Value regarding its operations. Although the stock is flat YTD, the share price has shot up in the last few months on news of a possible takeover.

Mutual Funds to Watch

The funds listed below may be a good option for investors seeking exposure to Darden. The three funds below currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
LCEAX Invesco Diversified Dividend 2.04%
VMCIX Vanguard Mid Cap Index 1.73%
Liquid error: internal Vanguard Total Stock Mkt Idx 1.65%

The Bottom Line

The funds above offer investors a stake in DRI, while remaining diversified. Investors interested in DRI may also be interested in Yum! Brands (YUM) and Brinker International (EAT).

Shares of DRI are up 5% YTD.

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Darden restaurants logo

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

Shauna O'Brien

|

The parent company of Olive Garden and Longhorn Steakhouse, Darden Restaurants (DRI), released its second quarter results after the closing bell on Tuesday. Although the company posted a net loss for the quarter, it exceeded analysts’ expectations.

Inside the Results

Earnings

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.

More to Consider Than DRI’s Earnings Release

Darden has been in the financial news over the last couple of months. The company has been faced with pressures from activist investor Starboard Value regarding its operations. Although the stock is flat YTD, the share price has shot up in the last few months on news of a possible takeover.

Mutual Funds to Watch

The funds listed below may be a good option for investors seeking exposure to Darden. The three funds below currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
LCEAX Invesco Diversified Dividend 2.04%
VMCIX Vanguard Mid Cap Index 1.73%
Liquid error: internal Vanguard Total Stock Mkt Idx 1.65%

The Bottom Line

The funds above offer investors a stake in DRI, while remaining diversified. Investors interested in DRI may also be interested in Yum! Brands (YUM) and Brinker International (EAT).

Shares of DRI are up 5% YTD.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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