EATZ - Darden Stumbles on Sales But Analysts Stay Optimistic On Operational Execution: Here's Why | Benzinga
Several analysts reiterated their ratings and price targets on Darden Restaurants, Inc. (NYSE:DRI) following today’s release of its fourth quarter FY24 earnings.
The company reported sales growth of 6.8% Y/Y to $2.957 billion, missing the analyst consensus estimate of $2.975 billion and adjusted EPS of $2.65 topping the consensus of $2.62.
Darden expects FY25 EPS from continuing operations of $9.40-$9.60 (estimate $9.56) and sales of $11.8 billion-$11.9 billion vs. street view of $11.948 billion.
Stephens & Co. analyst Jim Salera stated that results showcased the company’s strong operational execution, which sets a positive tone for the upcoming conference call. The analyst says they are focused on the trajectory of comparable sales heading into ...