Darden Restaurants, Inc.

NYSE:DRI  
119.86
+4.26 (+3.68%)
Share Repurchases, Positive Earnings Pre-Announcement

Darden Restaurants Reports Q4 And Full Year Results And Provides Fiscal 2023 Outlook

Published: 06/23/2022 11:20 GMT
Darden Restaurants, Inc. (DRI) - Darden Restaurants Reports Fiscal 2022 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; and Provides Fiscal 2023 Outlook.
Qtrly Blended Same-restaurant Sales Increase of 11.7%.
Qtrly Diluted Net Earnings per Share Was $2.24.
Sees FY Total Sales of $10.2 to $10.4 Billion.
Sees FY Diluted Net Earnings per Share From Continuing Operations of $7.40 to $8.00.
Sees FY 2023 Same-restaurant Sales Growth of 4% to 6%.
Qtrly Olive Garden Same-restaurant Sales Up 6.5 %.
Q4 Earnings per Share View $2.21 -- Refinitiv Ibes Data (analyst estimates).
FY2023 Earnings per Share View $8.11 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Total Sales Increased 14.2% to $2.60 Billion.
Q4 Revenue View $2.54 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2023 Revenue View $10.22 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $2.47 Billion
Adjusted EPS is expected to be $1.56

Next Quarter Revenue Guidance is expected to be $2.41 Billion
Next Quarter EPS Guidance is expected to be $1.47

More details on our Analysts Page.