BUZZ-Street View: Darden Restaurants' Q4 forecast shows resilience to inflation risk

Reuters
03-21
BUZZ-Street View: Darden Restaurants' Q4 forecast shows resilience to inflation risk

** Olive Garden-parent Darden Restaurants DRI.N projected fourth-quarter comparable sales above expectations on Thursday despite missing third-quarter estimates, lifting shares to a record high

** At least ten brokerages raise PT

RELATIVELY POSITIVE DESPITE Q3 MISS

** Morgan Stanley ("overweight" PT: $217) views results as relatively positive regarding DRI's drivers and perhaps also a sign of consumer resiliency in a more experiential, lower tariff-risk category

** BOFA Global Research ("buy" PT: $238) says underlying momentum is apparent for 4Q and Uber Direct partnership will serve as a sustainable comp driver

** KeyBanc Capital Markets ("overweight", PT: $220) says that while it doesn't know whether tariffs will ultimately impact broader discretionary spend as producers pass on costs, Darden's comments suggest consumers aren't thinking about that just yet

** Stifel ("buy", PT: $215) says "to be uber direct, current trends were better than we feared" and does not believe that the performance of a few top brands is indicative of the entire casual dining segment, believing the category demand is soft

** TD Cowen ("hold", PT: $190) says it is looking for further evidence that co's efforts to improve Olive Garden's trends will result in market share gains and does not share co's confidence on full service restaurants' rebound

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10