DRI — All updates

Folks, our final sell recommendation comes from Morning Star regarding Darden, the company that owns upscale restaurant chains like Olive Garden and Longhorn Steakhouse.

Its last quarter was pretty strong, with sales up nearly 14%, and Longhorn was absolutely brilliant, with comparable sales up 9.5 %. Remember, comparable sales are for stores that have been in business for at least a year.

This helps a lot when sales at long-established stores are rising significantly.

Yes, it failed to meet expectations in terms of both revenue and net profit. Earnings came in at $2.05 per share on an adjusted basis, which was weaker than Wall Street analysts had expected.

Revenue also came in weaker than expected, at $3.2 billion. Analysts had expected $3.21 billion. There has been an increase in sales, but again it is weaker than expected.