Darden Restaurants Q1 Adj EPS $1.78 Beats $1.73 Estimate, Sales $2.73B Beat $2.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
Darden Restaurants (NYSE:DRI) reported Q1 adjusted earnings of $1.78 per share, beating the analyst consensus estimate of $1.73 by 2.89%. This is a 14.1% increase from the same period last year. The company also reported quarterly sales of $2.73 billion, beating the analyst consensus estimate of $2.71 billion by 0.74%. This is an 11.61% increase from the same period last year.
September 21, 2023 | 11:02 am
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POSITIVE IMPACT
Darden Restaurants reported Q1 earnings and sales that beat estimates, which could positively impact its stock price.
Darden Restaurants reported higher than expected earnings and sales for Q1. This positive financial performance could increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100