Darden Restaurants trades higher following mixed Q2 report
Darden Restaurants, Inc. (DRI) is up 2.8% Tuesday. The company reported mixed fiscal second-quarter numbers before the market open with earnings of 92 cents on sales of $1.97 billion. Analysts forecast earnings of 91 cents and sales of $1.98 billion.
Darden Restaurants, Inc. (DRI) operates a chain of restaurants.
Tilray, Inc. (TLRY) and The Boeing Company (BA) top the list of other companies with positive news today, while Rent-A-Center, Inc. (RCII) and Washington Prime Group Inc. (WPG) top the list of companies with negative news.
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About Darden Restaurants Inc.
Darden is one of the largest players in the $185 billion U.S. casual dining industry. Olive Garden (866 units), LongHorn (514), and Cheddar's Scratch Kitchen (161 company-owned and 14 franchise units) are its core brands, while the smaller, faster-growing specialty restaurant group is made up of Yard House (79), The Capital Grille (58), Seasons 52 (44), Bahama Breeze (42), and Eddie V's (21). In November 2015, the company spun off selected real estate and restaurant assets into Four Corners Property Trust.