(Boursier.com) — Darden Restaurants, the American restaurant chain, published financial results for its second fiscal quarter of 2024, ended at the end of November, in line with market expectations. Sales totaled $2.7 billion, up 9.7% year-over-year, with a 2.8% increase on a comparable restaurant basis. The group with the Olive Garden and LongHorn Steakhouse brands posted adjusted diluted earnings per share of $1.84, a sharp increase of 21% year-on-year. The consensus was $1.73 adjusted EPS on $2.74 billion in billings. For fiscal 2024, revenues are expected at $11.5 billion, with like-for-like growth of 2.5-3%, for adjusted EPS from continuing operations ranging from $8.75 to $8.90.
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