Saturday, 16 December 2023

Darden Restaurants (DRI) reports higher Q2 sales and revenue

by Rose White

Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, announced financial results for the second quarter of 2024, reporting an increase in net sales and earnings.

Darden Restaurants (DRI) reports higher Q2 sales and revenue

Darden Restaurants (DRI) reports higher Q2 sales and revenue

November quarter sales increased 9.7% year-over-year to $2.73 billion. Blended same-restaurant sales were up 2.8%.

Net income from continuing operations came in at $212.3 million or $1.76 per share in Q2, compared to $187.5 million or $1.52 per share last year. Adjusted EPS from continuing operations was $1.84, up from $1.52 reported in the prior-year quarter.

Prior Performance

  • Darden Restaurants Q2 2023 earnings infographic

The post Darden Restaurants (DRI) reports higher Q2 sales and revenue first appeared on AlphaStreet.

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