Darden Restaurants Q1 Adj $1.75 Misses $1.83 Estimate, Sales $2.76B Miss $2.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
Darden Restaurants reported Q1 earnings of $1.75 per share, missing the $1.83 estimate, and sales of $2.76 billion, below the $2.80 billion estimate. Earnings decreased by 1.69% from last year, while sales increased by 0.95%.
September 19, 2024 | 11:04 am
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NEGATIVE IMPACT
Darden Restaurants' Q1 earnings and sales both missed analyst estimates, with earnings at $1.75 per share and sales at $2.76 billion. This could lead to a negative short-term impact on the stock price.
The earnings per share and sales figures both missed analyst expectations, which typically results in a negative reaction from investors. The earnings per share decreased compared to the previous year, adding to potential investor concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100