earnings
confidence high
sentiment positive
materiality 0.80
Darden Q1 adj. EPS $1.78 +14.1%, sales $2.7B +11.6%, reiterates FY outlook, new board chair
DARDEN RESTAURANTS INC
2024-Q1 EPS reported
$1.59
revenue$2,730,600,000
- Total sales $2.7B, +11.6% YoY; blended same-restaurant sales +5.0%.
- Adjusted diluted EPS $1.78, +14.1% YoY; reported EPS $1.60 (includes $0.18 Ruth's Chris costs).
- Reiterated FY2024 adjusted EPS outlook $8.55-$8.85.
- Board declared quarterly dividend $1.31/share, payable Nov 1.
- Board elected Cynthia Jamison as Chair, succeeding Eugene Lee.