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Olive Garden parent Darden Restaurants tops profit and same-store sales expectations
Shares of Darden Restaurants Inc. DRI, +5.02% slipped 0.4% toward a six-month low in premarket trade Tuesday, after the parent of the Olive Garden restaurant chain reported fiscal second-quarter profit and same-store sales that beat expectations, but total sales came up a bit shy. Net income for the quarter to Nov. 25 rose to $115.6 million, or 92 cents a share, from $84.7 million, or 67 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 91 cents. Sales grew 4.9% to $1.97 billion, just below the FactSet consensus of $1.98 billion, as Olive Garden and LongHorn Steakhouse sales rose more than expected, but fine dining and other business sales missed analyst projections.
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https://www.marketwatch.com/story/olive-...yptr=yahoo
![[Bild: DRIc1dl1700.png]](https://finviz.com/publish/121818/DRIc1dl1700.png)
Shares of Darden Restaurants Inc. DRI, +5.02% slipped 0.4% toward a six-month low in premarket trade Tuesday, after the parent of the Olive Garden restaurant chain reported fiscal second-quarter profit and same-store sales that beat expectations, but total sales came up a bit shy. Net income for the quarter to Nov. 25 rose to $115.6 million, or 92 cents a share, from $84.7 million, or 67 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 91 cents. Sales grew 4.9% to $1.97 billion, just below the FactSet consensus of $1.98 billion, as Olive Garden and LongHorn Steakhouse sales rose more than expected, but fine dining and other business sales missed analyst projections.
...
https://www.marketwatch.com/story/olive-...yptr=yahoo
