Darden Restaurants earnings beat estimates at $3.66 per share
Darden Restaurants reported mixed quarterly results, with same-store sales growth at fine-dining restaurants and Olive Garden falling short of expectations.
The company’s revenue was $3.72 billion, slightly below the expected $3.73 billion. Net income rose to $404.9 million, or $3.51 per share, from $303.8 million, or $2.58 per share, a year earlier.
Darden’s net sales climbed 13.7% to $3.72 billion, boosted by an extra week during the fiscal year. The company’s shares slid more than 1% in premarket trading following the announcement.