Darden: Adjusting Uncertainty Rating to Low as Value Positioning, Diversification Mitigate Volatility

As one final addendum to our mixed prognosis regarding narrow-moat Darden's fiscal third-quarter earnings results, we've lowered our Uncertainty Rating for the company to Low from Medium. This is reflective of the interplay between our quantitative methodology and qualitative assessment of the firm's prospects. With concept diversification that runs the gamut in the full-service restaurant industry, strong value positioning, and marketing discipline through a promotional cycle, we believe that the firm's cash flow uncertainty is low. Our forecasts remain otherwise unchanged.