Darden Restaurants Sees 2024 Adj. EPS From Continuing Operations $8.80-$8.90, Total Sales ~$11.4B vs $11.51B Est.
Portfolio Pulse from Benzinga Newsdesk
Darden Restaurants projects its adjusted earnings per share (EPS) from continuing operations for 2024 to be between $8.80 and $8.90, with total sales expected to be around $11.4 billion, slightly below the estimated $11.51 billion.
March 21, 2024 | 11:05 am
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Darden Restaurants expects its 2024 adjusted EPS from continuing operations to range between $8.80 and $8.90, with total sales anticipated to be about $11.4 billion, which is below the expected $11.51 billion.
The projected sales figure being slightly below the estimated $11.51 billion could lead to a negative short-term reaction in the stock market as investors may view this as a sign of slower growth or potential challenges in meeting revenue targets. The adjusted EPS being specified also indicates the company's profitability expectations, which are crucial for investor sentiment.
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