A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.
Scott Olsen | Getty Images
Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts’ expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse.
Shares of the company rose 8% in premarket trading.
Here’s what the company reported, which may not compare with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $2.03 adjusted. That may not compare with the $2.02 expected
- Revenue: $2.89 billion. That may not compare with the $2.9 billion expected
Darden reported fiscal second-quarter net income of $215.1 million, or $1.82 per share, up from $212.1 million, or $1.76 per share, a year earlier.
Excluding costs related to its acquisition of Chuy’s, the restaurant company earned $2.03 per share.
Net sales rose 6% to $2.89 billion.
