Darden Restaurants Q3 2024 GAAP EPS $2.62, Inline, Sales $2.975B Miss $3.025B Estimate
Portfolio Pulse from Benzinga Newsdesk
Darden Restaurants (NYSE:DRI) reported Q3 2024 earnings of $2.62 per share, meeting analyst estimates, but missed revenue expectations with $2.975 billion against a forecast of $3.025 billion, a 1.65% miss. This represents a 6.78% increase in sales compared to the same period last year.
March 21, 2024 | 11:03 am
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Darden Restaurants reported Q3 2024 earnings per share of $2.62, aligning with estimates, but their revenue of $2.975 billion missed expectations by 1.65%, despite a 6.78% year-over-year increase.
Darden Restaurants' earnings per share met analyst expectations, which could be seen as a positive sign of stability. However, the slight miss in revenue forecasts might concern investors about potential growth challenges. The year-over-year sales increase indicates growth, but the miss on expected revenue could lead to short-term investor caution. The overall impact on the stock price is likely neutral in the short term, as the positive earnings report balances out the slight revenue miss.
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