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Darden Restaurants on the Verge of BIG Earnings Reveal! Are You Ready for the SHOCKING Numbers?
Get Ready for the Numbers Game! Darden Restaurants, the powerhouse behind your favorite dining chains like Olive Garden and LongHorn Steakhouse, is gearing up to drop its first-quarter results NEXT WEEK! Mark your calendars for September 18 at 7 AM ET — this is one event you don’t want to miss!
In a game-changing update, insiders are buzzing about a STRIKING increase in sales and profit! Darden is expected to rake in a whopping $3.04 BILLION in revenue — that’s a jaw-dropping 10.10% rise from last year! Analysts predict earnings of $2.00 PER SHARE, a solid leap from last year’s $1.75. Talk about a victory lap!
The Rollercoaster Ride of Darden Stocks!
After a wild ride since June, Darden’s stock is still holding its ground. Over the last year, shares have skyrocketed 36%, nearly DOUBLE the performance of the S&P 500! This company is proving it’s not just surviving; it’s THRIVING in the chaotic restaurant landscape!
Fresh on the heels of this success, Darden has juiced up its quarterly dividend by 7% to $1.50 per share, delivering a mouthwatering yield of 2.8%. This is music to the ears of hungry investors!
Last Quarter’s Sensation!
In a nail-biting finish to fiscal 2024, Darden’s Q4 sales jumped 10.6%, hitting $3.3 BILLION! With same-restaurant sales sizzling at 4.6%, they are cooking up something special. Net income for the quarter was a staggering $303.8 MILLION, equating to $2.58 per share. This blew past analysts’ predictions — let’s hear it for Darden leaving doubters eating their words!
A Vision for Growth!
Hold onto your forks! Management is confident about the future, forecasting sales growth of 7% to 8% for full-year 2026, with same-restaurant sales expected to rise 2.0-3.5%. Earnings for the year are projected between $10.50 and $10.70 per share. Oh, and did we mention? Darden is on a growth spree, aiming to open a staggering 60 to 65 NEW restaurants this year!
Hold on tight, folks — the Darden Restaurant saga is just heating up, and you won’t want to miss a second of it!
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