TheStreet’s Jim Cramer is watching Darden Restaurants (DRI) on Friday when the chain restaurant operator releases its fiscal second quarter results before the opening bell. Cramer says Darden ‘is the company that has often said their sales are levered to gasoline. We’re trying to figure out where all that money is going, it’s not going to retail. So let’s listen to Darden and find out whether the consumer is spending again because gasoline is $2.00.’ Analysts are forecasting Darden to earn $0.42 a share on $1.62 billion in revenue. Darden owns casual dining chain restaurants including Olive Garden, LongHorn Steakhouse and The Capitale Grill among others.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
