Darden beats on earnings, even as Olive Garden, fine-dining sales drag
Darden Restaurants(DRI) CNBC·2024-06-20 19:21
For fiscal 2025, Darden is forecasting that its same-store sales will grow just 1% to 2%. Here's what the company reported compared with what Wall Street was expecting for the quarter ended May 26, based on a survey of analysts by LSEG: Darden reported fiscal fourth-quarter net income of $308.1 million, or $2.57 per share, down from $315.1 million, or $2.58 per share, a year earlier. Net sales rose 6.8% to $2.96 billion, fueled by its acquisition of Ruth's Chris Steak House and 37 other net new locations. D ...