DARDEN RESTAURANTS (DRI)

Restaurant Finance Monitor
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ANNUAL

QUARTERLY

MOST RECENT CONFERENCE CALL TRANSCRIPT

https://seekingalpha.com/article/4589639-darden-restaurants-inc-dri-q3-2023-earnings-call-transcript

Fiscal 2023 (ending May) Financial Outlook:

  • Total sales of $10.45 to $10.5 billion
  • Same-restaurant sales growth of 6.5% to 7%
  • New restaurant openings of ~55
  • Total capital spending of $550 to $575 million
  • Total inflation of 7% to 7.5%
  • An effective tax rate of approximately 13%
  • Diluted net earnings per share from continuing operations of $7.85 to $8.00
  • Approximately 123 million weighted average diluted shares outstanding