Darden Restaurants (DRI) Q4 2023 earnings


A Longhorn Steakhouse restaurant in Thornton, Colorado, U.S., on Friday, March 19, 2021. Darden Restaurants Inc. is scheduled to release earnings figures on March 25. 

Chet Strange | Bloomberg | Getty Images

Darden Restaurants on Thursday reported quarterly earnings that topped Wall Street’s expectations, fueled by strong LongHorn Steakhouse sales.

But investors were disappointed by the company’s forecast for fiscal 2024. Darden is anticipating adjusted earnings per share from continuing operations of $8.55 to $8.85, but analysts surveyed by Refinitiv were expecting earnings of $8.79 per share for the fiscal year.

Shares of the company fell more than 3% in morning trading. Ahead of its…

Source cnbc.com

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