Darden Restaurants Q2 Adj EPS $1.84 Beats $1.74 Estimate, Sales $2.73B Miss $2.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
Darden Restaurants reported Q2 adjusted EPS of $1.84, surpassing the $1.74 estimate. However, their sales of $2.73B fell slightly short of the expected $2.74B.
December 15, 2023 | 12:05 pm
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Darden Restaurants exceeded EPS estimates but missed sales forecasts in Q2, indicating mixed financial performance.
The EPS beat may be viewed positively by investors, suggesting efficient cost management and profitability. However, the slight miss on sales could raise concerns about growth and demand, potentially offsetting the positive EPS impact. The mixed results are likely to result in a neutral short-term impact on the stock price.
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