RSS Darden Restaurants Inc. Q2 Profit Increases, Beats Estimates

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 RSS Darden Restaurants Inc. Q2 Profit Increases, Beats Estimates

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Darden Restaurants Inc. (DRI) has announced an increase in profit for its second quarter, surpassing Wall Street predictions. The company reported a net income of $215.7 million, equating to $1.82 per share, compared to $212.3 million, or $1.76 per share, recorded in the same quarter last year.

Excluding certain items, Darden's adjusted earnings reached $240.0 million, or $2.03 per share, slightly ahead of analysts' consensus forecast of $2.02 per share, as gathered by Thomson Reuters. Notably, analysts' projections generally exclude special items.

For the quarter, Darden's revenue saw a 6% increase, rising to $2.890 billion from $2.727 billion in the previous year.

Key highlights of Darden Restaurants Inc. earnings under Generally Accepted Accounting Principles (GAAP) include:

- Earnings for the second quarter stood at $215.7 million, up from $212.3 million in the prior year.

- Earnings per share (EPS) were $1.82, compared to $1.76 in the previous year.

- Revenue for the second quarter reached $2.890 billion, climbing from $2.727 billion last year.

**Guidance for the Year:**

- Full-year EPS is projected to range from $9.40 to $9.60.

- Full-year revenue is anticipated to be approximately $12.1 billion.

The material has been provided by InstaForex Company - www.instaforex.com
 
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