Darden Restaurants Reports Fiscal 2021 First Quarter Results; Announces Repayment of its Term Loan; Reinstates a Quarterly Dividend; And Provides Fiscal 2021 Second Quarter Outlook

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Go back to Darden Restaurants Reports Fiscal 2021 First Quarter Results; Announces Repayment of its Term Loan; Reinstates a Quarterly Dividend; And Provides Fiscal 2021 Second Quarter Outlook

Darden Restaurants (DRI) PT Raised to $96 at BMO Capital

September 25, 2020 7:17 AM EDT

BMO Capital analyst Andrew Strelzik raised the price target on Darden Restaurants (NYSE: DRI) to $96.00 (from $84.00) while maintaining a Market Perform rating following the company's 1Q earnings report. DRIs FY1Q21 EPS of $0.56 was $0.51 more favorable than consensus reflecting efficient cost management which... More

Darden Restaurants (DRI) Tops Q1 EPS by 51c, Revenues Miss; Offers 2Q EPS Guidance Above Consensus

September 24, 2020 7:05 AM EDT

(Updated - September 24, 2020 7:05 AM EDT)

Darden Restaurants (NYSE: DRI) reported Q1 EPS of $0.56, $0.51 better than the analyst estimate of $0.05. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.56 billion.

Total sales of $1.53 billion, a decrease of 28.4% driven by negative blended same-restaurant sales of 29.0% and partially offset by the addition of 14 net new restaurantsReported... More