Darden Restaurants is expected to report Q1 results above market estimates and slightly lift its full-year outlook, according to Truist. The upgrade to read this article and access premium news requires a Silver or Gold subscription plan.
Darden Restaurants (DRI) is poised to report its fiscal first-quarter results above market estimates and slightly elevate its full-year outlook, according to Truist Securities. The upgrade comes as the company continues to capitalize on strong performance from its Olive Garden brand [2].
Truist Securities estimates that Darden Restaurants will report non-GAAP EPS of $2.03 for the first quarter, surpassing the current consensus estimate of $1.99. Additionally, the brokerage projects consolidated same-store sales growth of 5% for the quarter, up from its previous forecast of 4.4% [2].
The company's delivery marketing initiatives and value promotions at Olive Garden have emerged as key drivers for incremental sales. These efforts are expected to contribute to the positive performance, with Truist Securities projecting an annual same-store sales growth of 3.7% for fiscal 2026, up from its prior estimate of 3.5% [2].
Darden Restaurants is scheduled to release its latest quarterly results on September 18. The upgrade in estimates reflects the company's continued momentum and underscores the positive outlook for its full-year performance. Investors and financial professionals should closely monitor these results to gauge the company's trajectory and assess the potential impact on its stock price.
References:
[1] https://www.marketbeat.com/instant-alerts/filing-price-t-rowe-associates-inc-md-has-5732-million-stock-holdings-in-darden-restaurants-inc-dri-2025-08-27/
[2] https://finance.yahoo.com/news/darden-likely-report-quarterly-results-103555099.html
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