What Darden Restaurants Earnings Mean For Mutual Fund Investors (DRI)
Shauna O'Brien Mar 20, 2015
Inside DRI’s Results
The company reported earnings of $133.8 million, or $1.05 per share, up from $109.7 million, or 82 cents per share, a year ago. Adjusted earnings wee 99 cents, above analysts’ view of 84 cents.
Sales increased 6.9% to $1.73 billion from $1.62 billion. Analysts expected to see revenue of $1.72 billion.
For FY2015, the company expects to see EPS between $1.50 and $1.53. Adjusted EPS is expected to be between $2.45 and $2.48. Analysts expect to see FY2015 EPS of $2.30.
Olive Garden Pressures Darden’s Results
Below is an overview of DRI’s most recent comparable store sales growth by restaurant.
Mutual Funds to Watch
|LCEAX||Invesco Diversified Dividend||2.21%|
|VMCIX||Vanguard Mid Cap Index||1.77%|
|VTSMX||Vanguard Total Stock Mkt Idx||1.67%|
The Bottom Line
If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.
Sign up for Advisor Access
Receive email updates about best performers, news, CE accredited webcasts and more.
Let’s face it, the words we use everyday matter! Our content for this...