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Darden Earnings: What To Look For From DRI

DRI Cover Image

Restaurant company Darden (NYSE: DRI) will be announcing earnings results this Thursday before the bell. Here’s what to look for.

Darden beat analysts’ revenue expectations last quarter, reporting revenues of $3.10 billion, up 7.3% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ same-store sales estimates and a narrow beat of analysts’ revenue estimates.

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

This quarter, the market is expecting Darden’s revenue to grow 5.6% year on year, in line with the 6.2% increase it recorded in the same quarter last year.

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 multiple 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, the whole sector has faced a sell-off over the last month with stocks in Darden’s peer group down 2.1% on average. Darden is down 6.7% during the same time .

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