Darden Restaurants delivered a decent quarterly result exceeding sales expectations and having fairly good earnings despite the highly inflationary environment. The 2022 fiscal has been good for the company despite the impact of the Omicron variant as its brands continue to strengthen their business models. The addition of 33 net new restaurants, which included one temporary closure that will reopen in fiscal 2023, and an increase of 11.7% in same-restaurant sales contributed to the fourth quart ....
22 Aug 2022
Darden Restaurants Inc.: Growth Strategy, Operational Improvements & Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)
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Darden Restaurants Inc.: Growth Strategy, Operational Improvements & Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)
- Published:
22 Aug 2022 -
Author:
Ishan Majumdar -
Pages:
26
Darden Restaurants delivered a decent quarterly result exceeding sales expectations and having fairly good earnings despite the highly inflationary environment. The 2022 fiscal has been good for the company despite the impact of the Omicron variant as its brands continue to strengthen their business models. The addition of 33 net new restaurants, which included one temporary closure that will reopen in fiscal 2023, and an increase of 11.7% in same-restaurant sales contributed to the fourth quart ....