Darden Restaurants: Q1 Earnings Insights - Darden Restaurants (NYSE:DRI)

Darden Restaurants DRI reported its Q1 earnings results on Thursday, September 22, 2022 at 07:00 AM.

Here’s what investors need to know about the announcement.

Earnings

Darden Restaurants reported in-line EPS of $1.56 versus an estimate of $1.56.

Revenue was up $140.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 3.64% increase in the share price the next day.

Here’s a look at Darden Restaurants’s past performance:

 








Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 2.21 2.12 1.43 1.65
EPS Actual 2.24 1.93 1.48 1.76
Revenue Estimate 2.54B 2.51B 2.23B 2.24B
Revenue Actual 2.60B 2.45B 2.27B 2.31B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Darden Restaurants management provided guidance for FY 2023, expecting earnings between $7.4 and $8.0 per share.

To track all earnings releases for Darden Restaurants visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



Image and article originally from www.benzinga.com. Read the original article here.