Several analysts reiterated their ratings and price targets on Darden Restaurants, Inc. DRI following today's release of its fourth quarter FY24 earnings.
Darden Restaurants, Inc. NYSE: DRI is a dominant player in the full-service dining sector. Darden operates a diverse portfolio of restaurant brands familiar to many Americans.
Darden Restaurants (DRI) shares advanced Thursday after it posted a better-than-expected adjusted profit as it benefited from the acquisition of Ruth's Chris Steak House.
Darden Restaurants CEO Rick Cardenas said certain casual-dining chains are stealing some fast-food restaurants' customers. Chili's, Applebee's and other casual-dining chains have been trying to win over fast-food diners.
The headline numbers for Darden Restaurants (DRI) give insight into how the company performed in the quarter ended May 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Darden's (DRI) fourth-quarter fiscal 2024 top line reflects solid segmental contributions and benefits from company-owned Ruth's Chris restaurants.
Darden Restaurants (DRI) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.62 per share. This compares to earnings of $2.58 per share a year ago.
Darden Restaurants reported mixed quarterly results for its fiscal fourth quarter. Its acquisition of Ruth's Chris Steak House fueled a 6.8% jump in net sales, but the company missed Wall Street's estimates for quarterly revenue.
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.