Darden Restaurants beats Q2 earnings expectations and raises annual sales outlook, stock rises

From StockTwits: 2024-12-20 14:46:53

Darden Restaurants Inc. ($DRI) reported better-than-expected second-quarter earnings, with earnings per share at $2.03 and revenues at $2.89 billion, beating Wall Street estimates. Overall sales rose 6.6% over last year, with Olive Garden and LongHorn Steakhouse showing positive same-restaurant sales growth. The company’s stock rose over 2% on the positive news. Analysts at BMO Capital raised the price target to $175, while Raymond James raised it to $200, both citing strong Q2 results. Darden also increased its annual sales outlook, driven by higher menu prices and strong performance from its key brands during the holiday season.



Read more at StockTwits: Darden Restaurants Stock Rises On Strong Q2 Earnings: Retail’s Upbeat