Darden Restaurants, Inc. (DRI) Q3 2024 Earnings Call Transcript

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Q3: 2024-03-21 Earnings Summary

EPS of $2.62 misses by $0.00
 | Revenue of $2.97B (6.77% Y/Y) misses by $50.78M

Darden Restaurants, Inc. (NYSE:DRI) Q3 2024 Earnings Conference Call March 21, 2024 8:30 AM ET

Company Participants

Kevin Kalicak - Investor Relations
Rick Cardenas - President and Chief Executive Officer
Raj Vennam - Chief Financial Officer

Conference Call Participants

Eric Gonzalez - KeyBanc Capital Markets
Brian Bittner - Oppenheimer
Dennis Geiger - UBS
Jon Tower - Citigroup
David Tarantino - Baird
Jeffrey Bernstein - Barclays
Jeff Farmer - Gordon Haskett
Andrew Strelzik - BMO Capital Markets
John Ivankoe - JPMorgan
Danilo Gargiulo - Bernstein Research
Sara Senatore - Bank of America
Gregory Francfort - Guggenheim Securities
Patrick Johnson - Stifel
Lauren Silberman - Deutsche Bank
Peter Saleh - BTIG
Brian Vaccaro - Raymond James

Operator

Hello, and welcome to the Darden Fiscal Year 2024 Third Quarter Earnings Call. Your lines have been placed on a listen-only mode until the question-and-answer session. [Operator Instructions] This conference is being recorded. If you have any objections, please disconnect at this time.

I'll now turn the call over to Mr. Kevin Kalicak. Thank you. You may begin, Kevin.

Kevin Kalicak

Thank you, Kevin. Good morning, everyone, and thank you for participating on today's call. Joining me today are Rick Cardenas, Darden's President and CEO; and Raj Vennam, CFO.

As a reminder, comments made during the call will include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections. Those risks are described in the company's press release, which was distributed this morning, and in its filings with the Securities and Exchange Commission. We are simultaneously broadcasting a presentation during this call, which is posted in the Investor Relations section of our website at darden.com.

Today's discussion and presentation includes certain

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