These Analysts Revise Their Forecasts On Darden After Q1 Results

Darden Restaurants Inc (NYSE: DRI ) on Thursday reported worse-than-expected first- quarter financial results. Darden reported quarterly earnings of $2.05 per share which missed the analyst consensus estimate of $2.06 per share. The company reported quarterly sales of $3.200 billion which missed the analyst consensus estimate of $3.206 billion. Looking ahead, Darden left its fiscal 2027 guidance untouched, still projecting diluted earnings per share between $11.10 and $11.35 from continuing operations, a range that brackets the $11.27 figure analysts are currently modeling. “The first quarter was a solid start to our fiscal year with each of our segments delivering positive same-restaurant sales,” said Darden President & CEO Rick Cardenas. “The performance across our portfolio reinforces the importance of having distinctive brands, each with a clear strategy, supported by Darden’s scale and other competitive advantages. Looking ahead, our focus remains the same: operate our restaurants at a high level, strengthen guest loyalty, invest in our people and brands, and deploy capital in ways that support long-term shareholder value.” Darden shares closed at $207.24 on Thursday. These an