Darden Restaurants Earnings: An Early Lookhttp://www.fool.com/investing/general/2013/03/20/darden-restaurants-earnings-an-early-look.aspx Dan Caplinger
March 20, 2013
Earnings season is winding down, with most companies already having reported their quarterly results. But there are still some companies left to report, and Darden Restaurants (NYSE: DRI) is about to release its quarterly earnings. The key to making smart investment decisions with stocks releasing their quarterly reports is to anticipate how they'll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you'll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.
Casual dining has seen its ups and downs during the recession and slow recovery, and Darden is no exception. With its numerous chains, including Red Lobster, Olive Garden, and LongHorn Steakhouse, Darden has plenty of exposure to various niches in the casual-dining space. Let's take an early look at what's been happening with Darden Restaurants over the past quarter and what we're likely to see in its quarterly report on Friday.
Stats on Darden Restaurants
Will Darden Restaurants feed its investors well this quarter?
Still, Darden has faced some challenging times lately. Last month, the company had to reduce its guidance in light of extremely poor sales during the first few weeks of February. With Olive Garden sales down 9.5% on a 7% drop in traffic, Darden reduced its sales growth call for the year by about 1.5 percentage points. The company also said it would have to open fewer new Olive Garden stores than it had originally thought, cutting back on menu