NYSE:DRIHospitality
Darden Restaurants (DRI): Valuation Update Following Strong Earnings and $1 Billion Buyback Announcement
Darden Restaurants (DRI) is in the spotlight this week, thanks to a combination of its latest earnings results and a brand-new $1 billion share repurchase program. The company’s adjusted earnings per share came in higher than expected, and management also raised guidance for the full year, indicating increased confidence in the road ahead. Beyond the strong headline numbers, this significant buyback program is a clear signal from Darden’s leadership that they see long-term value in their own...