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