Categories AlphaGraphs, Consumer, Earnings
DRI Earnings: Key quarterly highlights from Darden Restaurants’ Q1 2024 financial results
Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today.
Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were up 5%.
Net earnings were $194.5 million, or $1.59 per share, compared to $193 million, or $1.56 per share, last year. Adjusted EPS from continuing operations was $1.78, up 14.1% year-over-year.
Both revenue and earnings beat expectations.
For fiscal year 2024, adjusted EPS from continuing operations is expected to be $8.55-8.85.
Prior performance
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