Darden Restaurants Just Reported Earnings, Here’s What You Need to Know.

    Author Stas SerfesPosted on Format VideoCategories Investing VideosTags , , , , , , , , , , ,

    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.

    What do you guys think? Follow along for more.

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    Author Stas Serfes
    About the author: Stas Serfes is a stock market investor/trader who owns Strive Smart LLC, a media company that’s amassed millions of views across multiple platforms. Upon graduating college, he realized he wanted to take the entrepreneurial route and create his own path. In 2017 Stas started his Youtube channel “Stas Serfes” where he began creating content on his experiences in the stock market and what he’s learned. This stemmed from his passion about money, business, stocks, and personal finance.