Darden Restaurants, Inc. (NYSE:DRI) delivered a profit and beat Wall Street’s expectations, AND met the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Darden Restaurants, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 18.4% to $1.02 in the quarter versus EPS of $1.25 in the year-earlier quarter.
Revenue: Rose 4.64% to $2.26 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Darden Restaurants, Inc. reported adjusted EPS income of $1.02 per share. By that measure, the company beat the mean analyst estimate of $1.01. It met the average revenue estimate of $2.26 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…