[vc_row full_width=”stretch_row” css=”.vc_custom_1531732107238{background-color: #fcc118 !important;}”][vc_column]

[/vc_column][/vc_row][vc_row css=”.vc_custom_1531730959461{border-bottom-width: 1px !important;background-color: #f9fafb !important;border-bottom-color: #eef3f7 !important;border-bottom-style: solid !important;}”][vc_column css=”.vc_custom_1531891416301{margin-bottom: 0px !important;}”][bsfp-cryptocurrency style=”widget-6″ align=”auto” columns=”2″ scheme=”light” coins=”top-x-coins” coins-count=”8″ coins-selected=”” currency=”USD” title=”Cryptocurrencies” show_title=”0″ icon=”” heading_color=”” heading_style=”default” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ css=”.vc_custom_1531730265600{margin-bottom: 0px !important;}” custom-css-class=”” custom-id=””][/vc_column][/vc_row]

Darden Restaurants (DRI) Q4 profit and sales increase; comp sales up 4%

0

Darden Restaurants, Inc. (NYSE: DRI) announced financial results for the fourth quarter of 2023, reporting higher earnings and sales. The restaurant chain also provided guidance for fiscal 2024.

Net income increased to $315.1 million in the most recent quarter from $281.7 million a year earlier. On a per-share basis, May-quarter earnings moved up to $2.58 from $2.24 per share in the corresponding period of 2022.

At $2.77 billion, net sales were up 6% year-over-year in the fourth quarter. Same restaurant sales at Olive Garden and LongHorn Steakhouse increased by 4.4% and 7.1% respectively. Consolidated same-store sales growth was 4%.

“In addition to our Back-to-Basics Operating Philosophy driving strong execution in our restaurants, Darden’s Four Competitive Advantages of Significant Scale, Extensive Data & Insights, Rigorous Strategic Planning, and our Results-Oriented Culture continued to enable our brands to compete more effectively and provide even greater value to their guests,” said Rick Cardenas, chief executive officer of Darden.

Prior Performance

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More