Darden Beats Earnings Expectations, Raises Dividend -- Not On My Radar Scope -- June 23, 2022

Link here.

The parent company of Olive Garden, LongHorn Steakhouse, and other restaurants reported a fourth-quarter adjusted profit of $2.24 a share, beating forecasts for $2.21 a share, on sales of $2.6 billion, topping expectations for $2.54 billion. 

Quarterly dividend raised to $1.21; yielding 4.2%.

• was 88 cents back in 2021;
• $1.10 all of last four quarters:
• a ten percent increase

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ERCOT

Supply and demand is going to be close today. 

 

Texas energy providers are sending out e-mail alerts asking consumers to cut back on electricity use for the next few days.

 

They don't have to ask me: I don't turn on the air conditioner.

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Emergency Meeting Between US SecEnergy and US Refiners

Cordial.

US SecEnergy: learned a lot.

Discussions at an "impasse" but agreed to keep talking. 

Refiners, 1; Granholm, 0. 

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Market

As long-time readers know, I generally don't follow the market when it's down.

So, I haven't been following the market except by exception.

For example, ticker RIVN: down half a percent today, trading at $28.42.

What about F, another EV start-up? LOL: ticker F -- down 1.3%; trading at $11.33.