Customers enter an Olive Garden restaurant in Pittsburgh, California, US on Friday, December 9, 2022.
David Paul Morris | Bloomberg | Getty images
Deardon restaurant On Friday, Wall Street’s earnings and revenue estimates were defeated, while Olive Garden Parents predicted concrete development for the financial year 2026.
Dardon shares increased by more than 2% in premarket trading on Friday.
Here’s what the company expected compared to Wall Street, based on a survey of analysts by LSEG:
- earnings per share: $ 2.98 adjusted vs $ 2.97 expected
- Income: $ 3.27 billion vs $ 3.26 billion expected
Dardon reported a net income of $ 303.8 million per share, $ 308.1 million, or $ 2.58 per share a year ago, or $ 2.58 per share.
Dardon earned a $ 2.98 per share for the fiscal fourth quarter ended May 25, except for its chuy’s tax Mex acquisition.
Pure sales rose by 10.6% to $ 3.3 billion, with 103 Chui restaurants and 25 net new restaurants and fuel in the part.
Orlando, Florida-based company-based uniform-store sales increased by 4.6%, anticipating the strycount of 3.5%.
For full financial year 2026, Dardon predicted revenue growth of 7% to 8%, including an additional 2% increase in an additional week in the year. This hopes that the adjusted income will be in the range of $ 10.50 to $ 10.70 per share, including 20 cents related to the additional week.
Consumers’ signs Pull back On spending, Dardon Restaurant CEO Rick Cardens said during the company in March third quarter Earnings say that dining out remains a category where consumers continue to treat and separate.
“Our strategy is perfect for the company, and we will continue to perform it to run it to run development and long -term shareholder value,” he said in a release on Friday.
Two Dardon’s two standout brands, Olive Gardens and Longhorn Steakhouse reported an increase in uniform-store sales that defeat expectations. The Olive Garden, which is about 40%of the quarterly revenue of Dardon, saw an increase of 6.9%in equal-store sales, defeating 4.6%expectations of analysts. Longhorn’s uniform-store sales increased by 6.7%, while analysts expected an increase of 5.3%.
Dardon’s Fine Dining segment, including Ruth’s Chris Stake House and Capital Grill, recorded a decline of 3.3% in a similar-store sales compared to a decline of 0.2%.
The remaining sections of the company, including the scratch kitchen and yard house of the cake, saw a similar-store sales growth of 1.2%compared to estimates of 1.1%.
In March, after the Chercher’s scratch kitchen Olive Garden, the pilot became the next Dardon brand after Olive Garden with an on-demand delivery. Uber direct. At that time, Dardon said that Chedder had operated the pilot in his 10. restaurant,
The company also announced that on Wednesday, its board of directors authorized the $ 1 billion shares reproach, which does not have an expiration date and already replaces the existing share Ruarthied Authority.
The stock of the Dordon restaurant is about 19% year-on-year.
