Darden Restaurants (NYSE:DRI) Reports Earnings
Darden Restaurants (NYSE:DRI) just reported earnings. And you’re probably thinking to yourself, “Who’s Darden Restaurants (NYSE:DRI)?”
Well, they own restaurants like Olive Garden, Yard House, The Capital Grille, Eddie V’s, LongHorn Steakhouse, Seasons 52, and a bunch more.
Darden Restaurants (NYSE:DRI) just reported $1.56 in earnings per share, which came in line with the estimates.
And they actually slightly missed on revenue. Revenue came in at $2.4 billion versus the $2.47 billion estimate.
And listen, guys, when companies report earnings, the main thing I focus on is guidance. I want to see what the revenue guidance is looking like.
If it’s a restaurant business like this, we got to look at the same store sales, things like that.
So for full year ’23, they’re looking to do about $10.2 to $10.4 billion in revenue. And they see same store sales up around 4% to 6% year over year for full year ’23, which is pretty good.
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