Sees FY25: Total sales of approximately $12.1B, consensus $11.96B; Same-restaurant sales growth of approximately 1.5%; New restaurant openings of 50 to 55; Total capital spending of approximately $650M; Total inflation of approximately 2.5%; An effective tax rate of approximately 12.5%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DRI:
- Notable companies reporting before tomorrow’s open
- Darden price target raised to $193 from $188 at Morgan Stanley
- DRI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Options Volatility and Implied Earnings Moves This Week, December 16 – December 20, 2024
- Darden price target lowered to $165 from $175 at BMO Capital