DRI - Why Restaurant Operator Darden Shares Are Slipping Today | Benzinga

Darden Restaurants Inc (NYSE: DRI) reported second-quarter FY24 sales growth of 9.7% year-on-year to $2.727 billion, missing the analyst consensus estimate of $2.741 billion.

The sales growth was driven by a blended same-restaurant sales increase of 2.8% and sales from the addition of 78 company-owned Ruth's Chris Steak House restaurants and 45 other net new restaurants.

Darden clocked an operating margin of 10.2%, and the operating income rose 19.4% Y/Y to $278.5 million. Adjusted EPS of $1.84Full story available on Benzinga.com