Darden Restaurants, Inc. (DRI) Q1 2025 Earnings Call Transcript

Darden Restaurants, Inc. (NYSE:DRI) Q1 2025 Results Conference Call September 19, 2024 8:30 AM ET

Company Participants

Courtney Aquilla – Investor Relations
Rick Cardenas – President and Chief Executive Officer
Raj Vennam – Senior Vice President and Chief Financial Officer

Conference Call Participants

Brian Bittner-Oppenheimer
Brian Harbor – Morgan Stanley
Jon Tower – City
Eric Gonzalez – KeyBanc Capital Markets
Jeffrey Bernstein – Barclays
David Palmer – Evercore ISI
David Tarantino-Baird
Chris O’Cull – Stifel
Jim Salera-Stephens
Jake Bartlett – Truist Securities
Katherine Griffin – Bank of America
Peter Saleh – BTIG
Gregory Francfort – Guggenheim Securities
Jeff Farmer – Gordon Haskett
Danilo Gargiulo – Bernstein
Lauren Silberman – Deutsche Bank
Andy Barish – Jefferies
John Ivankoe – JPMorgan
Jim Sanderson – North Coast Research
Brian Vaccaro – Raymond James

Operator

Hello, and welcome to the Darden Fiscal Year 2025 First Quarter Earnings Call. Your lines have been placed on a listen-only mode until the question-and-answer session. (Operator Instructions) This conference is being recorded. If you have any objections, please disconnect at this time.

I’ll now turn the call over to Mr. Courtney Aquilla. Thank you, Courtney. You may begin.

Courtney Aquilla

Thank you, Kevin. Good morning, everyone, and thank you for participating on today’s call. Joining me are Rick Cardenas, Darden’s President and CEO; and Raj Vennam, CFO.

As a reminder, comments made during this call will include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections.

Those risks are described in the company’s press release, which was distributed this morning and in its filings with the Securities and Exchange Commission. We are simultaneously broadcasting a presentation during this call, which