Darden Restaurants (DRI) slides as Q3 earnings and revenue miss estimates
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Darden Restaurants (DRI) Misses Q3 EPS by 2c, Updates Guidance
March 21, 2024 7:13 AM EDTDarden Restaurants (NYSE: DRI) reported Q3 EPS of $2.62, $0.02 worse than the analyst estimate of $2.64. Revenue for the quarter came in at $3 billion versus the consensus estimate of $3.03 billion.
GUIDANCE:
Darden Restaurants sees FY2024 EPS of $8.80-$8.90, versus the consensus of $8.86. Darden... More
Darden Restaurants (DRI) Announces $1B Share Buyback, Reports Q3, Issues FY24 Guidance
March 21, 2024 7:02 AM EDTDarden 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 blended same-restaurant sales* decrease of (1.0)%Same-restaurant sales:... More