These Analysts Boost Their Forecasts On Darden Restaurants Following Q4 Results
Portfolio Pulse from Lisa Levin
Darden Restaurants reported mixed Q4 results with sales growth of 6.4% YoY to $2.769 billion, slightly missing the consensus of $2.77 billion. EPS of $2.58 beat the consensus of $2.54. The company expects FY24 sales of $11.5 billion - $11.6 billion and adjusted EPS of $8.55 - $8.85. Following the announcement, TD Cowen and Wedbush raised their price targets on DRI.
June 23, 2023 | 11:39 am
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Darden Restaurants reported mixed Q4 results, with sales growth of 6.4% YoY and EPS beating consensus. TD Cowen and Wedbush raised their price targets on DRI.
Darden Restaurants reported mixed Q4 results, with sales growth slightly missing the consensus but EPS beating it. The company's FY24 sales and adjusted EPS guidance are also positive. However, the stock fell 2.6% after the announcement. The raised price targets by TD Cowen and Wedbush may have a positive impact on the stock, but the overall short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100