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

DG Earnings: All you need to know about Dollar General’s Q1 2023 earnings results

Dollar General Corporation (NYSE: DG) reported its first quarter 2023 earnings results today. Net sales increased 6.8% year-over-year to $9.3 billion, driven mainly by positive sales contributions from new stores and

HRL Earnings: Key highlights from Hormel Foods’ Q2 2023 financial results

Hormel Foods Corporation (NYSE: HRL) reported second quarter 2023 earnings results today. Net sales of $3 billion were down 3.8% year-over-year. Net earnings attributable to Hormel Foods Corporation were $217.2

Everything you need to know about Salesforce’s Q1 2024 financial results

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in first-quarter adjusted earnings, aided by strong revenue growth. First-quarter profit, excluding non-recurring items, increased to $1.69

Add Comment
Viewing Highlight