Darden Restaurants Inc reports results for the quarter ended February 28 - Earnings Summary

Darden Restaurants

20/03/2025 13:31

Darden Restaurants Inc DRI.N reported quarterly adjusted earnings of $2.80​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $2.62.  The mean expectation of twenty eight analysts for the quarter was for earnings of $2.79 per share. Wall Street expected results to range from $2.75  to $2.88 per share.

Revenue rose 6.2% to $3.16 billion from a year ago; analysts expected $3.21 billion.

Darden Restaurants Inc's reported EPS for the quarter was $2.74​.

The company reported quarterly net income of $323.4 million.

Darden Restaurants Inc shares had risen by 0.8% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts was unchanged in the last three months.​

In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."

The average consensus recommendation for the restaurants & bars peer group is also "buy"

Wall Street's median 12-month price target for Darden Restaurants Inc is $205.50

This summary was machine generated from LSEG data March 20 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Feb. 28 2025
2.79
2.80
Beat
Nov. 30 2024
2.02
2.03
Beat
Aug. 31 2024
1.83
1.75
Missed
May. 31 2024
2.61
2.65
Beat