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6With $TXRH (-2.63%)
$CMG (-2.42%)
$MCD (-1.98%)
$DRI (-1.8%)
$DPZ (-2.28%) I have a few restaurants in my savings plan portfolio 😁
Last earnings Texas Roadhouse
4Q 2024 4Q2023
Turnover 1.437 bn.$ 1,164 billion dollars
Net profit 115 million dollars 72 million dollars
EPS 1.73$ 1.08$
Source
Are you in the industry and what do you have in your portfolio?
$DRI (-1.8%) Darden Restaurants delivered solid results in Q2 FY25, with a 6.0% revenue increase driven by same-restaurant sales growth and the Chuy's acquisition. The company focused on operational efficiency and shareholder returns, repurchasing $142M in stock.
📊 Income Statement Highlights (vs Q2 FY24):
▫️Net Income: $215.7M vs $212.3M (+1.60%)
▫️Total Revenue: $2.89B vs $2.73B (+6.00%)
▫️Adjusted EPS: $2.03 vs $1.84 (+10.33%)
▫️Segment Revenue:
- Olive Garden: $1.29B (+3.28%)
- LongHorn Steakhouse: $710.1M (+10.43%)
- Fine Dining: $306.0M (-3.77%)
- Other Business: $581.4M (+12.92%)
▫️Gross Margin: $292.1M vs $278.5M (+4.89%)
▫️Operating Income: $561.3M YTD vs $531.4M YTD (+5.63%)
▫️Marketing Spend: $48.8M (+32.22%)
▫️Repurchases: 0.9M shares for $142M.
💼 Balance Sheet Highlights (vs May 2024):
▫️Total Assets: $12.52B vs $11.32B (+10.55%)
▫️Cash and Cash Equivalents: $217.3M (+11.55%)
▫️Goodwill: $1.65B (+18.91%, driven by acquisitions).
▫️Short-Term Debt: $275.2M vs $86.8M (+217.19%).
▫️Total Liabilities: $10.45B vs $9.08B (+15.08%)
🔮 Future Outlook:
▫️Revenue forecast: $12.1B for FY25.
▫️Same-restaurant sales growth target: ~1.5%.
▫️CapEx: $650M.
▫️EPS projection: $9.40–$9.60 (adjusted).
Additional Notes:
Dividend declared: $1.40/share, payable Feb 3, 2025.
New restaurant openings forecast: 50–55.
Earnings next week.
Not much will happen before the holidays.
$RCAT (-11.15%)
$GIS (-3.1%)
$MU (-3.25%)
$LEN (-3.22%)
$ACN
$CTAS (-2.59%)
$DRI (-1.8%)
$PAYX (-1.95%)
$NKE (-2.89%)
$FDX (-2.63%)
$CCL (-1.94%)
But very interesting companies that might be found in one or the other portfolio here.
A successful week before the holidays.🙋🏼♂️
Red Lobster ($DRI (-1.8%) ) plans next week insolvency next week. The company lost a lot of money in the last quarter
11 million US dollars through its offer of unlimited shrimp.
𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗘𝘁𝗵𝗲𝗿 𝗮𝘂𝗳 𝟭𝟯 𝗕𝗶𝗹𝗹𝗶𝗼𝗻𝗲𝗻 $ / 𝗦&𝗧 𝘄𝗶𝗿𝗱 𝗮𝗻𝗴𝗲𝗴𝗿𝗶𝗳𝗳𝗲𝗻 / 𝗥𝗲𝗱𝗱𝗶𝘁 𝗽𝗹𝗮𝗻𝘁 𝗜𝗣𝗢
𝗜𝗣𝗢𝘀 🔔
Reddit - The Reddit forum platform has secretly registered with the Securities and Exchange Commission, meaning an initial public offering is imminent. An exact number of shares or price range has not yet been determined, but it is expected that the U.S. Securities and Exchange Commission (SEC) will allow the IPO after the review is completed. In August, the company completed a financing round of 700 million US dollars and announced a valuation of approximately ten billion US dollars.
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
As of today, among others, DTE Company ($DTE (-1.28%)), J&J Snack Foods corp. ($JJSF (-0.85%)) and Kimball International Inc. ($KBAL) are trading ex-dividend.
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈
Today, among others, Darden Restaurants Inc. ($DRI (-1.8%)) and Winnebago Industries Inc. ($WGO (-2.25%)) present their quarterly figures.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
Adidas ($ADS (-0.79%)) - Sporting goods manufacturer Adidas is planning share buybacks worth 4 billion euros over the next few years. The money for the buybacks is to come primarily from the sale of its Reebok subsidiary. The aim here is to pay out further free cash flow to shareholders apart from the dividend.
S&T ($SANT (-2.03%)) - The Austrian IT group S&T, listed on the Tech-DAX, saw its share price fall by up to 34% yesterday. The reason for this was a report by the short seller Viceroy Research Group. The short seller accuses the management of unfair business practices. S&T AG now states that the report will be closely examined internally and externally and that there was no prior contact with Viceroy. In addition, some of the accusations relate to actions 10 years ago and the management at that time.
The management board of S&T AG took advantage of the favorable share prices yesterday to make purchases amounting to € 132.00.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
Coinbase ($COIN (-2.68%)) - Due to a technical error, some of Coinbase's users briefly became billiadaries this week. The crypto trading platform showed price increases of billions of percent in cryptocurrencies Bitcoin ($BTC (-0.23%)) and Ether ($ETH (-0.24%)). The price for Ether was $ 13,181,942,005,393.83 ($ 13 bilion) in the meantime. However, none of the users were able to profit from this.
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