DRI - Darden Restaurants Analysts Cut Their Forecasts After Q3 Results | Benzinga
Darden Restaurants Inc (NYSE: DRI) reported mixed results for its third quarter on Thursday.
Darden Restaurants reported third-quarter FY24 sales growth of 6.8% year-on-year to $2.975 billion, missing the analyst consensus estimate of $3.025 billion. Darden clocked an operating margin of 13%, and the operating income rose 10.7% Y/Y to $387.4 million. Adjusted EPS of $2.62 was in line with the consensus estimate, according to data from Benzinga Pro.
Darden currently sees FY24 adjusted EPS from continuing operations of $8.80-$8.90 (estimate $8.86), excluding approximately $0.35, after-tax, of Ruth’s Chris transaction and integration related costs. The company previously expected adjusted EPS from continuing ...