DRI - Darden Restaurants Q1: Earnings Beat Affirmed FY24 Outlook New Board Chair & More | Benzinga
Darden Restaurants Inc (NYSE: DRI) reported first-quarter FY24 sales growth of 11.6% year-on-year to $2.73 billion, beating the analyst consensus estimate of $2.71 billion.
The sales growth was driven by a blended same-restaurant sales increase of 5.0% and sales from the addition of 77 company-owned Ruth's Chris Steak House restaurants and 46 other net new restaurants.
Darden clocked an operating margin of 9.3%, and the operating income rose ...