Darden Restaurants Inc
DRI: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $@V | LOCK|j>F% | LOCK|K<ZKvH |
Darden Restaurants Earnings: Menu Innovation Drives Demand, but Shares Still Rich
Darden Restaurants' second-quarter same-restaurant sales rose 4.3%, backed by Olive Garden at 4.7% and LongHorn Steakhouse at 5.9%. Restaurant-level EBITDA margin fell by 100 basis points to 18.7%, primarily affected by higher food costs, and adjusted EPS increased by 2.5% to $2.08.
