The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Christopher Emilio Carril - RBC Capital Markets, Research Division - Analyst
: Gene, Rick and Raj, congratulations on your new roles and promotions announced this morning. Rick or Raj, can you please provide
your thoughts on how to think about G&A now moving forward, both in the near-term and longer term? At this point, how much
of the savings that you've seen thus far do you think could be held on to in a more normalized environment? And how does the
increased focus on technology impact us?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
DECEMBER 18, 2020 / 1:30PM, DRI.N - Q2 2021 Darden Restaurants Inc Earnings Call
Question: Christopher Emilio Carril - RBC Capital Markets, Research Division - Analyst
: Got it. And just, again, the increased focus on technology, is there any potential impact there?
Question: Jake Rowland Bartlett - Truist Securities, Inc., Research Division - Analyst
: Also congratulations to all. My first 1 is a quick 1 on LTOs and marketing. You mentioned that your marketing dollars would largely
recover post-COVID. Do you expect to go back to the same sort of cadence you had on LTOs? Or are you rethinking your promotional
strategy longer term?
Question: Jake Rowland Bartlett - Truist Securities, Inc., Research Division - Analyst
: Got it. And then my second and last question is, you talked about improvements to the business and kind of coming out of COVID,
I think it was a better business model. How do you think about -- or I don't know if you're ready yet to talk about it, but how do you
think about the long-term growth algorithm that you've talked about in the past as it pertains to unit growth or maybe margin
expansion opportunities? Are we still kind of thinking the 7% to 10% EBIT growth? Or you think we should think about that differently
longer term?
|
