Categories Consumer, Earnings

Highlights of Darden Restaurants’ (DRI) Q4 2022 earnings report

Darden Restaurants, Inc. (NYSE: DRI) on Thursday reported financial results for the fourth quarter of 2022. The restaurant chain also provided guidance for the full fiscal year.

Net income decreased to $281.7 million or $2.24 per share in the most recent quarter from $368.5 million or $2.78 per share a year earlier but came in above analysts’ forecast.

The bottom line benefitted from a 14% increase in net sales to $2.60 billion as all the fourth operating segments registered strong growth.

“As we begin our new fiscal year, our focus remains on driving profitable sales, investing in the guest experience, and simplifying operations. Darden’s strategy, and our strong balance sheet, position us well regardless of the operating environment,” said Gene Lee, chief executive officer of Darden.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Earnings Preview: UnitedHealth looks poised to end FY24 on a positive note

UnitedHealth Group (NYSE: UNH), a leading provider of health insurance and healthcare services, is expected to report fourth-quarter earnings next week. The company, a market leader in the nation's colossal

Mattel (MAT): A look at the toymaker’s evolving strategy and its opportunities

Shares of Mattel, Inc. (NASDAQ: MAT) stayed green on Wednesday. The stock has dropped 4% over the past month. Over the past few years, the toymaker has been focused on

AngioDynamics (ANGO) reports net loss for Q2 2025; sales drop 8%

AngioDynamics Inc. (NASDAQ: ANGO) reported a net loss for the second quarter of 2025 as the medical device company’s revenues decreased 8%. Net loss, excluding special items, was $0.04 per

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close