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Darden Restaurants (DRI)
NYSE:DRI
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$2.8Last Year’s EPS
$2.62Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 19, 2024
|% Change Since: 17.34%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Positive
The call conveyed an overall positive sentiment, with significant growth in the major brands and successful strategic initiatives like the integration of Chuy's and the Uber Direct pilot. However, challenges remain in the Fine Dining segment, and external factors like hurricanes affected performance.Company Guidance
During the Darden Restaurants Q2 2025 earnings call, several metrics and guidance updates were shared. The company's total sales reached $2.9 billion, marking a 6% increase from the previous year, with same-restaurant sales growth at 2.4%. Notably, Olive Garden and LongHorn Steakhouse outperformed industry benchmarks, with Olive Garden's sales increasing by 3.3% and LongHorn’s by 10.4%. The adjusted diluted net earnings per share rose by 10% to $2.03. Despite the impact of hurricanes and the Thanksgiving shift, the company expects full fiscal year sales of approximately $12.1 billion and same-restaurant sales growth of about 1.5%. Labor inflation was reported at 3.7%, while commodities remained slightly deflationary. Darden also highlighted the successful integration of 103 Chuy's restaurants and updated its fiscal 2025 outlook to reflect these additions, maintaining its EPS guidance range of $9.40 to $9.60.Strong Same-Restaurant Sales Across Major Brands
Olive Garden, LongHorn Steakhouse, Yard House, and Cheddar's Scratch Kitchen all reported positive same-restaurant sales. LongHorn reported a 7.5% increase, outperforming the industry benchmark by 650 basis points.
Successful Integration and Expansion Efforts
The acquisition of 103 Chuy's restaurants was successfully completed. Olive Garden began a pilot with Uber Direct, showing promising early results with plans to roll out to the entire system by the end of the third quarter.
Positive Financial Performance
Total sales increased by 6% to $2.9 billion, with adjusted diluted net earnings per share from continuing operations rising by 10% to $2.03. Restaurant level EBITDA margin improved by 70 basis points.
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DRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 19, 2024 | $159.87 | $183.44 | +14.74% |
| Sep 19, 2024 | $157.73 | $170.75 | +8.25% |
| Jun 20, 2024 | $149.12 | $151.40 | +1.53% |
| Mar 21, 2024 | $169.89 | $158.86 | -6.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Darden Restaurants (DRI) report earnings?
Darden Restaurants (DRI) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Darden Restaurants (DRI) earnings time?
Darden Restaurants (DRI) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DRI EPS forecast?
DRI EPS forecast for the fiscal quarter 2025 (Q3) is $2.8.
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