{"id":105,"date":"2024-09-19T04:49:16","date_gmt":"2024-09-19T04:49:16","guid":{"rendered":"https:\/\/assetinvesting.com\/?p=105"},"modified":"2024-09-19T04:49:16","modified_gmt":"2024-09-19T04:49:16","slug":"multiple-restaurant-chains-darden-and-cracker-barrel-reporting-earnings-tomorrow","status":"publish","type":"post","link":"https:\/\/lukeandleaya.com\/content\/multiple-restaurant-chains-darden-and-cracker-barrel-reporting-earnings-tomorrow\/","title":{"rendered":"Multiple Restaurant Chains Darden and Cracker Barrel Reporting Earnings Tomorrow"},"content":{"rendered":"<p><strong>Darden Restaurants, Inc. (NYSE: DRI)<\/strong> is scheduled to release its earnings report for the first quarter of fiscal 2025 on September 19, 2024, before the market opens. Analysts are anticipating an earnings per share (EPS) of $1.83, representing a modest 2.8% increase from the same quarter last year, when EPS was $1.78. Revenue is expected to hit $2.8 billion, which would be a 2.6% year-over-year increase\u200b.<\/p>\n<p><strong>Darden&#8217;s (NYSE: DRI)<\/strong> earnings have been relatively consistent, and they often exceed expectations. In the last quarter (Q4 2024), <strong>Darden (NYSE: DRI)<\/strong> reported an EPS of $2.65, beating estimates by $0.04, and their revenue of $3 billion also surpassed the projected $2.97 billion\u200b. Historically, the stock has shown mild to moderate movements post-earnings, with positive surprises typically driving short-term gains.<\/p>\n<p><strong>Darden (NYSE: DRI)<\/strong> operates several well-known restaurant chains, including Olive Garden, LongHorn Steakhouse, and the recently acquired Ruth\u2019s Chris Steak House. Olive Garden remains the company&#8217;s top performer, with expected sales of $1.24 billion for Q1 2025, a 1.2% increase year-over-year. LongHorn Steakhouse is projected to bring in $704 million, with a growth rate of over 5%. Fine dining, driven by Ruth\u2019s Chris, is expected to see an 8.6% growth in sales\u200b.<\/p>\n<p>The stock currently trades with a price-to-earnings (P\/E) ratio of about 18.7, in line with industry peers. Investors will be closely watching <strong>Darden\u2019s (NYSE: DRI)<\/strong> ability to manage inflationary pressures, particularly rising labor and food costs. Competitors in the sector, like Cracker Barrel (CBRL), are also set to release earnings soon, making this a critical period for restaurant operators as they contend with similar challenges. <strong>Cracker Barrel (CBRL)<\/strong> has faced its own inflation-related hurdles but has shown resilience through its blend of dining and retail offerings\u200b.<\/p>\n<p>As with <strong>Cracker Barrel (CBRL)<\/strong>, investors will be keen to see whether <strong>Darden (NYSE: DRI)<\/strong> can maintain or surpass expectations in a competitive environment, particularly as the holiday season approaches.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Darden Restaurants, Inc. (NYSE: DRI) is scheduled to release its earnings report for the first quarter of fiscal 2025 on September 19, 2024, before the market opens. Analysts are anticipating an earnings per share (EPS) of $1.83, representing a modest 2.8% increase from the same quarter last year, when EPS was $1.78.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[36,37,38,39,28,40,41,25],"class_list":["post-105","post","type-post","status-publish","format-standard","hentry","category-earnings-release","tag-cbrl","tag-cracker-barrel","tag-darden-restaurants","tag-dri","tag-earnings","tag-news","tag-restaurants","tag-stocks"],"_links":{"self":[{"href":"https:\/\/lukeandleaya.com\/content\/wp-json\/wp\/v2\/posts\/105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lukeandleaya.com\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lukeandleaya.com\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lukeandleaya.com\/content\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lukeandleaya.com\/content\/wp-json\/wp\/v2\/comments?post=105"}],"version-history":[{"count":0,"href":"https:\/\/lukeandleaya.com\/content\/wp-json\/wp\/v2\/posts\/105\/revisions"}],"wp:attachment":[{"href":"https:\/\/lukeandleaya.com\/content\/wp-json\/wp\/v2\/media?parent=105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lukeandleaya.com\/content\/wp-json\/wp\/v2\/categories?post=105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lukeandleaya.com\/content\/wp-json\/wp\/v2\/tags?post=105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}