Smaller Brands Are Still Dragging on Darden Restaurants' Performance
Darden Restaurants' (NYSE: DRI) fiscal second-quarter 2020 results, released Thursday morning, revealed a healthy mid-single-digit advance in revenue over the prior-year quarter. In addition, adjusted earnings increased appreciably over the comparable period. But similar to its last reporting period, the restaurant holding company's comparable sales struggled to rise meaningfully, clouding its full-year picture. As we review the last three months and discuss Darden's "comps" issues below, note that all comparative numbers are presented against the prior-year quarter.
Data source: Darden Restaurants.
Image source: Getty Images.
Source Fool.com
