Darden Restaurants (DRI) Misses Q3 EPS by 2c, Updates Guidance

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Darden Restaurants Reports Fiscal 2024 Third Quarter Results; Declares Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Updates Fiscal 2024 Financial Outlook

March 21, 2024 7:00 AM EDT

ORLANDO, Fla., March 21, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) today reported its financial results for the third quarter ended February 25, 2024.

Third Quarter 2024 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

Total sales increased 6.8% to $3.0 billion, driven by sales from the addition of 79 company-owned Ruth's Chris Steak House (Ruth's Chris) restaurants and 53 other net new restaurants, partially offset by a... More