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Darden revises FY23 EPS view to $7.85-$8.00 from $7.60-$8.00, consensus $7.85
The Fly

Darden revises FY23 EPS view to $7.85-$8.00 from $7.60-$8.00, consensus $7.85

Raises: FY23 revenue view to $10.45B-$10.5B from $10.3B-$10.45B, consensus $10.31; Same-restaurant sales growth of 6.5%- 7% from 5%-6,5%; new restaurant openings of ~55 vs. 55 to 60 previously; Total capital spending of $550M-$575M vs. $525M-$575M previously; Total inflation of approximately 7%-7.5% vs. 7% prior; An effective tax rate of approximately 13%.

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