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Darden Restaurants, Inc. - DRI STOCK NEWS

Welcome to our dedicated news page for Darden Restaurants (Ticker: DRI), a resource for investors and traders seeking the latest updates and insights on Darden Restaurants.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Darden Restaurants's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Darden Restaurants's position in the market.

News
Baum Family Investments Embarks on Triple Net Lease Strategy with $250 Million Acquisition Goal
Rhea-AI Summary
Baum Family Investments (BFI) enters the real estate investment landscape with a $250 million acquisition goal. Led by Aaron Baum, the company aims to acquire high-quality real estate leased to national tenants on long-term net leases. BFI's portfolio includes properties leased to esteemed tenants like CVS, Darden, Advanced Auto Parts, and Bridgestone. With a pipeline exceeding $100 million, BFI plans to close over $10 million within the next thirty days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
acquisition
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News
Darden Restaurants Reports Fiscal 2024 Third Quarter Results; Declares Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Updates Fiscal 2024 Financial Outlook
Rhea-AI Summary
Darden Restaurants, Inc. (NYSE:DRI) reported a 6.8% increase in total sales to $3.0 billion for Q3 2024, driven by new restaurant additions. Adjusted diluted net earnings per share rose by 12.0% to $2.62. The company repurchased $33 million of its common stock and declared a quarterly cash dividend of $1.31 per share. The updated fiscal 2024 outlook includes total sales of $11.4 billion, same-restaurant sales growth of 1.5% to 2.0%, and adjusted diluted net earnings per share of $8.80 to $8.90.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.5%
Tags
buyback dividends earnings
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News
Darden Restaurants to Host Fiscal 2024 Third Quarter Conference Call on March 21
Rhea-AI Summary
Darden Restaurants, Inc. (NYSE: DRI) is set to announce its fiscal 2024 third-quarter financial results on March 21, 2024. The CEO, Rick Cardenas, along with senior management, will discuss the results in a conference call at 8:30 am ET. A replay will be available for those unable to listen live.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
conferences earnings
News
Darden Restaurants Reports Fiscal 2024 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2024 Financial Outlook
Rhea-AI Summary
Darden Restaurants, Inc. (NYSE:DRI) reported a 9.7% increase in total sales to $2.7 billion for the second quarter ended November 26, 2023. The company's adjusted diluted net earnings per share from continuing operations were $1.84, marking a 21.1% increase. Darden also declared a quarterly cash dividend of $1.31 per share and repurchased approximately 1.2 million shares of its common stock for a total of $181 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
dividends earnings
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News
DARDEN RESTAURANTS TO HOST FISCAL 2024 SECOND QUARTER CONFERENCE CALL ON DECEMBER 15
Rhea-AI Summary
Darden Restaurants, Inc. (NYSE: DRI) to release fiscal 2024 second quarter financial results on December 15, 2023. CEO Rick Cardenas and senior management to conduct a conference call at 8:30 am ET. Live webcast available at https://event.choruscall.com/mediaframe/webcast.html?webcastid=qByV89OK. Dial 877-407-9219 for telephone access.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
conferences earnings
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News
Darden Restaurants Reports Fiscal 2024 First Quarter Results; Declares Quarterly Dividend; Reiterates Fiscal 2024 Outlook; And Announces Election of New Board Chair
Rhea-AI Summary
Darden Restaurants reports Q1 2024 financial results with total sales increasing 11.6% to $2.7 billion. Olive Garden and LongHorn Steakhouse see positive same-restaurant sales growth of 6.1% and 8.1% respectively. Adjusted diluted net earnings per share from continuing operations increase by 14.1% to $1.78. The company declares a quarterly cash dividend of $1.31 per share and repurchases $143 million of its common stock. Darden reiterates its full year financial outlook for fiscal 2024. Cynthia T. Jamison elected as Chair of the Board.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
dividends earnings
News
DARDEN RESTAURANTS TO HOST FISCAL 2024 FIRST QUARTER CONFERENCE CALL ON SEPTEMBER 21
Rhea-AI Summary
Darden Restaurants, Inc. to release fiscal 2024 Q1 financial results on September 21, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
conferences earnings
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News
Darden Restaurants, Inc. Announces Retirement of Board Chairman
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
Tags
none
-
News
Darden Restaurants Reports Fiscal 2023 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; And Provides Fiscal 2024 Outlook
Rhea-AI Summary
Darden Restaurants reports strong financial results for Q4 and fiscal year 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
Tags
dividends earnings
News
Darden Restaurants Completes Acquisition of Ruth's Hospitality Group
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
acquisition
Stock DRI logo
Darden Restaurants, Inc.

NYSE:DRI

DRI Rankings

#538 Ranked by Market Cap
#2025 Ranked by Stock Gains
#1028 Ranked by Dividends

DRI Stock Data

18.27B
118.74M
0.36%
95.2%
4.94%
Food Service Contractors
Accommodation and Food Services
Link
US
Orlando

About DRI

darden is a restaurant company featuring a portfolio of differentiated brands that include olive garden, longhorn steakhouse, cheddar's scratch kitchen, yard house, the capital grille, seasons 52, bahama breeze and eddie v's. our people equal our success, and we are proud to employ 165,000 team members in more than 1,600 restaurants. together, we create memorable experiences for 380 million guests each year in communities across north america.