EATZ - Why LongHorn Steakhouse Owner Darden Restaurants Shares Are Surging Today | Benzinga
Darden Restaurants, Inc. (NYSE:DRI) shares are trading higher after the company reported better-than-expected fourth-quarter FY24 adjusted EPS results and increased quarterly dividend.
Sales grew 6.8% Y/Y to $2.957 billion, missing the analyst consensus estimate of $2.975 billion.
Sales growth was driven by the addition of 80 company-owned Ruth’s Chris Steak House restaurants and 37 other net new restaurants. Consolidated same-restaurant sales for the quarter remained flat. Adjusted EPS of $2.65 topped the consensus of $2.62.
Darden ...