ANNUAL
QUARTERLY
MOST RECENT CONFERENCE CALL TRANSCRIPT
https://seekingalpha.com/article/4613086-darden-restaurants-inc-dri-q4-2023-earnings-call-transcript
PLUS SLIDE PRESENTATION
Company Guidance for Fiscal Year ending May ’24
Below is the full year financial outlook for fiscal 2024 which includes Ruth’s Chris operating results, but excludes approximately $55 million, pre-tax, of expected transaction and integration related costs associated with the acquisition.
- Total sales of $11.5 to $11.6 billion
- Same-restaurant sales growth of 2.5% to 3.5%
- New restaurant openings of approximately 50
- Total capital spending of $550 to $600 million
- Total inflation of 3% to 4%
- An effective tax rate of approximately 12% to 12.5%
- Adjusted diluted net earnings per share from continuing operations of $8.55 to $8.85, excluding approximately $0.34, after-tax, of Ruth’s Chris integration related expenses*
- Approximately 121.5 million weighted average diluted shares outstanding