Darden Restaurants shares are trading lower after the company reported mixed Q3 result and issued soft 2024 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Darden Restaurants' shares dropped following mixed Q3 results and weaker than expected revenue guidance for 2024.
March 21, 2024 | 11:06 am
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Darden Restaurants' stock fell due to mixed Q3 results and disappointing 2024 revenue guidance.
The stock price of Darden Restaurants is likely to go down in the short term due to the mixed financial results for Q3 and the issuance of a softer revenue outlook for 2024 than what investors might have anticipated. This news directly impacts investor sentiment and could lead to a decrease in stock price as market participants adjust their expectations for the company's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100