Categories AlphaGraphs, Consumer, Earnings
DRI Earnings: Darden Restaurants reports higher Q3 sales and profit
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, released financial results for the third quarter of 2024, reporting an increase in sales and adjusted profit. Earnings matched analysts’ estimates while the top line missed the view.
Net sales increased 6.8% year-over-year to $2.97 billion in the February quarter but fell short of expectations. Consolidated same-restaurant sales were down 1%.
Net income from continuing operations came in at $350.9 million or $2.60 per share in Q3, compared to $330.3 million or $2.34 per share last year. Adjusted EPS from continuing operations increased to $2.62 in Q3 from $2.34 in the prior-year quarter. The latest number is in line with consensus estimates.
“Looking ahead, our focus remains on controlling what we can control, leveraging and strengthening our competitive advantages, and executing our back-to-basics operating philosophy in order to effectively manage the business for the long-term,” said Darden’s CEO Rick Cardenas.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
