Darden Restaurants Fiscal Q1 Adjusted Earnings, Revenue Rise; Fiscal 2027 EPS Guidance Reaffirmed

MT Newswires Live

09/24

Darden Restaurants (DRI) reported fiscal Q1 adjusted earnings Thursday of $2.05 per diluted share, up from $1.97 a year earlier.

Analysts polled by FactSet expected $2.05.

Revenue for the quarter ended Aug. 30 was $3.20 billion, up from $3.04 billion a year earlier.

Analysts polled by FactSet expected $3.21 billion.

Darden reaffirmed its fiscal 2027 earnings per share from continuing operations of $11.10 to $11.35.

Analysts polled by FactSet expect $11.29.

The board maintained its quarterly cash dividend at $1.62 per share, payable Nov. 2 to holders of record Oct. 9.

Shares of the company were down 5% in premarket activity.

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