Darden (DRI) Reports Earnings Tomorrow: What To Expect

DRI Cover Image

Restaurant company Darden (NYSE: DRI) will be reporting earnings this Thursday before market hours. Here’s what investors should know.

Darden met analysts’ revenue expectations last quarter, reporting revenues of $3.04 billion, up 10.4% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates and full-year EPS guidance slightly missing analysts’ expectations.

Is Darden a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Darden’s revenue to grow 6.3% year on year to $3.07 billion, in line with the 6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.10 per share.

Darden Total Revenue

Analysts covering the company have generally 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 five 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. However, there has been positive investor sentiment in the segment, with share prices up 8.3% on average over the last month. Darden is up 8% during the same time.

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