Darden Restaurants Reports Q1 Non-GAAP EPS in Line with Estimates, Revenue Misses by $10M
Darden Restaurants (NYSE: DRI) reported first-quarter non-GAAP earnings per share of $2.05, which met market expectations. However, the company's revenue came in at $3.2 billion, missing estimates by $10 million despite a year-over-year increase of 6.7%. The results reflect strong performance across its restaurant portfolio. Blended same-restaurant sales for the quarter rose by 3.1% on a fiscal calendar basis and increased slightly more to 3.2% on a comparable calendar basis, indicating steady customer demand and operational resilience in the face of ongoing economic pressures.
Tickers: $DRI