Darden Restaurants (DRI) Stock: Why It Fell 4.44%

By Amit Chowdhry ● Sep 23, 2022
  • The stock price of Darden Restaurants (DRI) fell by 4.44% in the most recent trading session. This is why.

The stock price of Darden Restaurants (DRI) fell by 4.44% in the most recent trading session. 

Why: Q1 results

Results: Darden Restaurants reported a Q1 EPS of $1.56, which was in line with analyst estimates. And the revenue for the quarter was $2.4 billion compared to the consensus estimate of $2.47 billion.

Guidance: Darden Restaurants estimates an FY2023 EPS of $7.40 to $8.00, compared to the consensus of $7.70. And Darden Restaurants estimates FY2023 revenue of $10.2 billion to $10.4 billion, compared to the consensus of $10.29 billion.