Darden Restaurants, Inc. (NYSE:DRI) Q2 2025 Earnings Conference Call December 19, 2024 8:30 AM ET
Company Participants
Phil McClain - Vice President, Finance and Investor Relations
Rick Cardenas - President and Chief Executive Officer
Raj Vennam - Senior Vice President and Chief Financial Officer
Conference Call Participants
David Palmer - Evercore ISI
Eric Gonzalez - KeyBanc Capital Markets
Jim Salera - Stephens
Peter Saleh - BTIG
Jeffrey Bernstein - Barclays
Sara Senatore - Bank of America
Andrew Charles - TD Cowen
Andrew Strelzick - BMO Capital Markets
Brian Harbour - Morgan Stanley
Lauren Silberman - Deutsche Bank
Jon Tower - Citi
Dennis Geiger - UBS
Gregory Francfort - Guggenheim
Danilo Gargiulo - Bernstein
David Tarantino - Baird
Rahul Krotthapalli - JPMorgan
Jake Bartlett - Truist Securities
Operator
Greetings, and welcome to the Darden Restaurants, Inc. Q2 Fiscal Year 2025 Earnings Conference Call and Webcast. At this time, all participants are in a listen only mode. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It's now my pleasure to turn the call over to your host, Phil McClain, Vice President, Finance and Investor Relations. Please go ahead, Phil.
Phil McClain
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 in its filings with the Securities and Exchange Commission.
We are simultaneously broadcasting a presentation during this call, which is posted in the Investor Relations section of our website at darden.com. Today's discussions and presentation include a certain non-GAAP measurements, and reconciliations of these measurements are included in the presentation. Looking ahead, we plan to release fiscal 2025 Q3 earnings on Thursday, March 20, before the market opens, followed by a conference call.
During today's call, all references to industry results refer to the Black Box Intelligence casual dining benchmark, excluding Darden. During our fiscal second quarter, industry same restaurant sales grew by 1% and industry same restaurant guest counts decreased 1.8%.
This morning, Rick will share some brief remarks on the quarter and Raj will provide details on our financial results and an update to our fiscal 2025 financial outlook.