Darden: Q3 Sales Boosted by Openings
Darden Restaurants grew revenue in the third quarter of fiscal 2025, bolstered by strategic acquisitions and restaurant openings.
Full-service dining restaurant chain specialist Darden Restaurants (NYSE:DRI) reported mixed fiscal 2025 third-quarter earnings on Thursday, March 20. Revenue of $3.16 billion rose 6.2% year over year but fell short of analysts' consensus expectations of $3.21 billion. Adjusted EPS of $2.80 was up by 6.9% year over year and matched expectations.
The overall performance was solid, with some of the revenue gains coming from the October 2024 completion of its acquisition of Chuy's Tex-Mex restaurant chain along with the addition of 40 new restaurants in the past year.
Source: Darden Restaurants. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
