Darden Restaurants Inc
DRI: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|&K | LOCK|tg!!C | LOCK|wl@<sDX |
Darden Restaurants Earnings: Value-Focused Offerings Resonate With Consumers; Shares Overvalued
Darden Restaurants' third-quarter same-restaurant sales rose 4.2%, backed by Olive Garden and LongHorn Steakhouse growth of 3.2% and 7.2%, respectively. Restaurant-level EBITDA margin fell 30 basis points to 21%, primarily affected by increased investments and elevated beef costs.
