Darden Restaurants Earnings beat, Revenue misses In Q1

  • Investing.com
Darden Restaurants Earnings beat, Revenue misses In Q1

Investing.com - Darden Restaurants (NYSE: DRI ) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Darden Restaurants announced earnings per share of $0.56 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $1.56B.

Darden Restaurants shares are down 24.45% from the beginning of the year and are trading at $98.04 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.98% from the start of the year.

Darden Restaurants shares gained 8.93% in intra-day trade the report.

Darden Restaurants follows other major Services sector earnings this month

Darden Restaurants's report follows an earnings beat by Dollar General on Thursday, August 27, 2020, who reported EPS of $3.12 on revenue of $8.68B, compared to forecasts EPS of $2.47 on revenue of $8.36B.

Lululemon Athletica had beat expectations on Tuesday, September 8, 2020 with second quarter EPS of $0.74 on revenue of $902.94M, compared to forecast for EPS of $0.56 on revenue of $844.48M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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