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