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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.
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