Darden (DRI) Q2 Earnings: What To Expect

Radek Strnad /
2024/06/19 3:01 am EDT

Restaurant company Darden (NYSE:DRI) will be announcing earnings results tomorrow before market hours. Here's what investors should know.

Darden missed analysts' revenue expectations by 1.7% last quarter, reporting revenues of $2.97 billion, up 6.8% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' earnings estimates.

Is Darden a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Darden's revenue to grow 7.3% year on year to $2.97 billion, in line with the 6.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.61 per share.

Darden Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Darden has missed Wall Street's revenue estimates three times over the last two years.

With Darden being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for restaurants stocks.

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