Darden Restaurants Inc

NYSE:DRIUnited States

Oct 17, 2024

Show headlines and story abstract

• DJ Bloomin' Brands Among Restaurant Chains Most Hurt By Hurricanes -- Market Talk, from 12:51PM ET on Thursday Oct 17, 2024 by Dow Jones

  12:51PM ET on Thursday Oct 17, 2024 by Dow Jones
  Companies Mentioned: PZZA, BLMN, DRI
  
  1251 ET - Restaurant chains with a notable presence in the Southeast are likely to report earnings hurt by hurricanes Helene and Milton. UBS analysts in a research note say they expect Bloomin' Brands to notch the largest sales impacts, given the company's high store count in Florida and Texas. For comparison, they say, the Outback Steakhouse parent company's same-store sales and EPS fell by 100 basis points and 4 cents, respectively, in 2017 following hurricanes Harvey and Irma. Papa John's International and Darden Restaurants, which owns brands including Olive Garden and Longhorn Steakhouse, are also likely to have been negatively affected, analysts say. "That said, brands often indicate some improvement in underlying sales following hurricane impacts, as some consumers are not able to cook at home," they write. (connor.hart@wsj.com)
  

• Raymond James Adjusts Price Target on Darden Restaurants to $175 From $187, from 9:43AM ET on Thursday Oct 17, 2024 by MT Newswires

  9:43AM ET on Thursday Oct 17, 2024 by MT Newswires
  Companies Mentioned: DRI
  09:43 AM EDT, 10/17/2024 (MT Newswires) -- Darden Restaurants (DRI) has an average outperform rating and price target range of $136 to $209, according to analysts polled by Capital IQ. (MT Newswires covers equity, commodity and economic research fro...