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Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 23 June 2022
⏱️ 25 minutes
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| 0:00.0 | We've got restaurant, consumer health, and a bull versus bear debate about the ultimate |
| 0:09.6 | stay-at-home stock. |
| 0:11.2 | Motley Fool Money starts now. |
| 0:12.4 | I'm Chris Hill, joined by Motley Fool, senior analyst Jason Moser. |
| 0:24.9 | Thanks for being here. |
| 0:25.9 | Hey, thanks for having me. |
| 0:27.6 | Darden restaurants wrapping up the fiscal year with some nice numbers. |
| 0:31.6 | Fourth quarter profits in revenue both came in higher than expected for the parent company |
| 0:36.0 | of Olive Garden. |
| 0:38.0 | I hasten to point out these were not particularly high expectations, but it does seem Jason |
| 0:43.7 | like they are in pretty good shape heading into this new fiscal year. |
| 0:48.3 | I say that in part because they're also raising their quarterly dividend, 10%. |
| 0:52.3 | They did. |
| 0:53.3 | Yeah, I noticed that. |
| 0:54.3 | I mean, 10% boost to the dividend from just a core rugo is. |
| 0:57.5 | That's encouraging, particularly for a restaurant company in this market. |
| 1:03.8 | I mean, inflation was one of the themes of the call, and it's certainly, Darden, is |
| 1:10.2 | not immune to the effects, but they've managed their way around it very, very well. |
| 1:15.2 | I mean, the stock is holding its own here in a bear market. |
| 1:18.6 | I mean, it's down with the market this year, but not much more, which I got a chocolate |
| 1:22.3 | up as a win. |
| 1:23.3 | But when you look at the numbers, I mean, total sales were up 14.2% to $2.6 billion. |
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