A sign hangs in front of the Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.
Scott Olson | Getty Images
Darden Restaurant Quarterly results reported Thursday were mixed, with the Olive Garden owner’s same-store sales shrinking for the first time since the pandemic began.
The company’s shares fell more than 4% in premarket trading.
The company’s report compared with Wall Street expectations, according to a survey of analysts by LSEG (formerly Refinitiv):
- Earnings per share: Adjusted $2.62, in line with expectations
- Revenue: $2.97 billion, vs. $3.03 billion expected
Darden reported fiscal third-quarter net income of $312.9 million, or $2.60 a share, up from $286.6 million, or $2.34 a share, a year earlier.
Excluding items, the restaurant company earned $2.62 per share.
net sales grew 6.8% to $2.97 billion.
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