Darden Restaurants Inc., the parent of Olive Garden and Ruth's Chris Steakhouse, beat on profit for the latest quarter while delivering a full-year sales forecast that was below the consensus view at the midpoint. Shares were rising more than 1% in premarket action Thursday.
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Darden Restaurants, Inc. DRI will release earnings results for its fiscal 2024 fourth quarter, before the opening bell on Thursday.
Darden's (DRI) fourth-quarter fiscal 2024 results are likely to reflect the benefits of robust comparable sales.
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Darden Restaurants has proven a reliable long-term stock, delivering a 10% annual shareholder return over any 10-year period since its spin-off. Recent trends show a slowdown, making the stock underperform the market. At the same time, Darden is able to perform better than the industry average, without, however, beating some close competitors.
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Get a deeper insight into the potential performance of Darden Restaurants (DRI) for the quarter ended May 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Darden Restaurants (DRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.