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Darden (DRI) Reports Q2: Everything You Need To Know Ahead Of Earnings

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Restaurant company Darden (NYSE: DRI) will be reporting earnings this Thursday before market hours. Here’s what investors should know.

Darden met analysts’ revenue expectations last quarter, reporting revenues of $3.35 billion, up 5.9% year on year. It was a mixed quarter for the company, with same-store sales in line with analysts’ estimates but EBITDA in line with analysts’ estimates.

Is Darden a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Darden’s revenue to grow 13.9% year on year, improving from the 10.6% increase it recorded in the same quarter last year.

Darden Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Darden has missed Wall Street’s revenue estimates multiple times over the last two years.

With Darden being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for restaurants stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.2% on average over the last month. Darden is up 3.3% during the same time .

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