Darden Restaurants (DRI - Free Report) reported $2.79 billion in revenue for the quarter ended February 2023, representing a year-over-year increase of 13.8%. EPS of $2.34 for the same period compares to $1.93 a year ago.
The reported revenue represents a surprise of +2.30% over the Zacks Consensus Estimate of $2.72 billion. With the consensus EPS estimate being $2.24, the EPS surprise was +4.46%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Darden Restaurants performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Same-restaurant sales-Olive Garden-YoY change: 12.3% versus the 10-analyst average estimate of 8%.
- Same-restaurant sales-LongHorn Steakhouse-YoY change: 10.8% versus 6.68% estimated by 10 analysts on average.
- Same-restaurant sales-Blended -YoY change [%]: 11.7% versus the nine-analyst average estimate of 7.71%.
- Company operated restaurants-Olive Garden: 893 versus the eight-analyst average estimate of 895.63.
- Number of restaurants-LongHorn Steakhouse: 554 versus 557.13 estimated by eight analysts on average.
- Same-restaurant sales-Fine Dining -YoY change [%]: 11.7% versus 9.63% estimated by eight analysts on average.
- Same-restaurant sales-Other Business -YoY change [%]: 11.7% versus 9.71% estimated by seven analysts on average.
- Company operated restaurants-Total: 1890 versus 1901 estimated by six analysts on average.
- Sales-Olive Garden [$M]: $1.30 billion compared to the $1.25 billion average estimate based on four analysts. The reported number represents a change of +13.9% year over year.
- Sales-Other Business [$M]: $553.90 million versus the four-analyst average estimate of $545.58 million. The reported number represents a year-over-year change of +14.1%.
- Sales-Fine Dining [$M]: $235.60 million compared to the $234.86 million average estimate based on four analysts. The reported number represents a change of +13.2% year over year.
- Sales-LongHorn Steakhouse [$M]: $695.50 million versus the four-analyst average estimate of $668.07 million. The reported number represents a year-over-year change of +13.5%.
View all Key Company Metrics for Darden Restaurants here>>>
Shares of Darden Restaurants have returned +1.4% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Darden Restaurants (DRI - Free Report) reported $2.79 billion in revenue for the quarter ended February 2023, representing a year-over-year increase of 13.8%. EPS of $2.34 for the same period compares to $1.93 a year ago.
The reported revenue represents a surprise of +2.30% over the Zacks Consensus Estimate of $2.72 billion. With the consensus EPS estimate being $2.24, the EPS surprise was +4.46%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Darden Restaurants performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Darden Restaurants here>>>
Shares of Darden Restaurants have returned +1.4% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
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