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However, it reported impressive fiscal second-quarter results, beating Wall Street estimates. The revenue and EPS for the quarter came in at $2.27 billion and $1.48, which beat the estimates by 1.8% and 3.5%, respectively. Also, its board of directors repurchased 1.80 million shares of its common stock worth approximately $266 million in the fiscal second quarter and declared a quarterly cash dividend of $1.10 per share. Moreover, the company expects to open 35-40 new restaurants for fiscal 2022. So, the stock’s near-term prospects look bright.
Here’s what I think could influence DRI’s performance in the upcoming months:
