Darden Restaurants Q4 sales up 6.8% to $3.0 billion; FY2025 EPS outlook $9.40-$9.60
Darden reported fiscal fourth-quarter 2024 sales of $2,957.3 million, up 6.8%, with reported diluted earnings per share from continuing operations flat at $2.58 and adjusted EPS of $2.65, up 2.7%. The company also gave a fiscal 2025 outlook of $9.40 to $9.60 diluted EPS from continuing operations and raised its quarterly dividend by 6.9%.
- Q4 fiscal 2024 sales rose 6.8% to $2,957.3 million; consolidated same-restaurant sales were flat at 0.0%
- Reported diluted EPS from continuing operations was $2.58, unchanged from a year earlier; adjusted EPS was $2.65, up 2.7%, excluding $0.07 of Ruth's Chris transaction and integration costs
- Fiscal 2025 outlook: total sales of $11.8 to $11.9 billion and diluted EPS from continuing operations of $9.40 to $9.60
- Quarterly dividend raised 6.9% to $1.40 per share, payable August 1, 2024; bylaws amended June 18, 2024 to replace Chairman and Committee Chairman titles with Chair