Market Overview

UPDATE: Darden Posts Lower Q2 Profit

Share:
Related DRI
Stephens Recaps Key Commodities Affecting Restaurants, States August Was 'Mixed'
Cramer Shares The Stocks He Would Buy
Darden Restaurants Puts Growth On The Menu With REIT Plan (Seeking Alpha)

Darden Restaurants (NYSE: DRI) reported a drop in its second-quarter profit.

Darden's quarterly profit declined to $19.8 million, or $0.15 per share, versus a year-ago profit of $33.6 million, or $0.26 per share.

Its revenue climbed to $2.05 billion from $1.96 billion. However, analysts were projecting earnings of $0.21 per share on revenue of $2.08 billion.

For the FY14, Darden projects earnings to fall 15% to 20% versus the earlier year. It also Darden declared a dividend of $0.55 per share.

Darden shares fell 1.74% to $52.00 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Related Articles (DRI)

View Comments and Join the Discussion!

Get Benzinga's Newsletters