Darden Restaurants (DRI) Reports Q4 Earnings, EPS at $3.66 Beats Estimates

AI Summary

Darden Restaurants (DRI) reported fiscal Q4 earnings with an adjusted EPS of $3.66, beating the expected $3.63. Revenue totaled $3.72 billion, slightly below the projected $3.73 billion. Net income rose to $404.9 million from $303.8 million year-over-year. Same-store sales across all restaurants grew 4.6%, surpassing the estimated 4.1%. However, Olive Garden's same-store sales growth of 2.4% fell short of the 3.2% expectation, impacting market sentiment leading to a more than 3% decline in premarket trading.