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Shares of Darden Restaurants (NYSE:DRI) moved higher by 0.5% in pre-market trading after the company reported Q3 results.
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Quarterly Results
Earnings per share decreased 47.89% over the past year to $0.99, which beat the estimate of $0.69.
Revenue of $1,733,000,000 declined by 26.16% from the same period last year, which beat the estimate of $1,630,000,000.
Outlook
Q4 EPS expected to be between $1.60 and $1.70.
Q4 revenue expected between $2,100,000,000 and $2,100,000,000.
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Details Of The Call
Date: Mar 25, 2021
Time: 08:30 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1007/40153
Technicals
Company's 52-week high was at $147.93
52-week low: $43.11
Price action over last quarter: Up 15.28%
Company Overview
Darden is one of the largest players in the $185 billion U.S. casual dining industry. Olive Garden (874 units), LongHorn (527), and Cheddar's Scratch Kitchen (168 company-owned units) are its core brands, while the smaller, faster-growing specialty restaurant group is made up of Yard House (81), The Capital Grille (60), Seasons 52 (43), Bahama Breeze (41), and Eddie V's (24). In November 2015, the company spun off selected real estate and restaurant assets into Four Corners Property Trust.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.