“You better pack a lunch.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 20 September 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
Darden Restaurants posts strong 1st-quarter results thanks to Olive Garden. General Electric falls on concerns in the power division. And we dip into the Fool Mailbag to look at Elanco’s IPO, Zoetis and more. Jason Moser analyzes all those stories and gives a preview of Monday’s episode of Industry Focus.
Transcript
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| 0:00.0 | This episode of Market Foolery is brought to you by TD Ameritrade, whether you want to place a trade on Twitter or get market news from your smart speaker, TD Ameritrade has everything you need to invest on your favorite platforms and devices. |
| 0:12.0 | See what's new at TD Ameritrade.com |
| 0:15.0 | slash innovation. It's Thursday, September 20th. Welcome to Market |
| 0:20.2 | Foolery. I'm Chris Hill joining me in studio. It's the brand new host of Monday's |
| 0:24.5 | industry focus. It's Jason Moser. Well hello there. Good to see you. You know you |
| 0:29.8 | rattle off that ad spot at the beginning and you're hosting duties and I'll tell you what I |
| 0:34.5 | never took your job for granted ever before but but this past Monday it was a |
| 0:39.4 | little bit different sitting on that side of the table it It was a little bit different. I'm not |
| 0:43.5 | going to lie. I was a little nervous. It was it was it was different. You're |
| 0:47.0 | off to a great start. Well thanks. Don't you worry. I'm excited to be able to do |
| 0:49.9 | it. We're going to dip into the full mail bag. We're going to check in on General Electric. |
| 0:54.4 | We got to start though with Darden restaurants, which is the parent company of Olive Garden, |
| 1:00.0 | Longhorn Steakhouse, Capitol Grill, Cheters, I still haven't been to a Cheters. |
| 1:06.0 | Apparently a lot of people haven't. |
| 1:08.0 | Yeah, let's start with the same store sale. |
| 1:12.0 | I mean, so here's the thing, first quarter profits, higher than expected. |
| 1:15.6 | Overall, for Darden, this was a really good quarter. |
| 1:19.0 | Same store sales across their restaurant group was 3.3%, which is not a huge number, but that's a good |
| 1:27.3 | number and it's certainly higher than was expected. |
| 1:31.0 | So we see the stock dropping a little bit but Darden's had a heck of it last 12 months. |
| 1:36.6 | Yeah and I mean they're having a good year this year as well and I think these were you hit it you |
| 1:40.8 | at the nail on the head there they were were very respectable results for what is a very competitive space and I think it's even tougher now given the growth in quick service restaurants, the growth in fast casual, the competitive |
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