Darden beats on earnings, even as Olive Garden, fine-dining sales drag
Publishing timestamp: 2024-06-20 11:07:48
Summary
Darden Restaurants reported mixed quarterly results with a 6.8% jump in net sales but missed revenue estimates. Olive Garden's same-store sales fell for the second consecutive quarter, but the company's overall same-store sales were flat. Darden is forecasting 1% to 2% same-store sales growth for fiscal 2025.
Sentiment: MIXED
Tickers: DRI,
Keywords: dividends, business, darden restaurants inc, chris, breaking news: business, breaking news: markets, restaurants, markets, earnings, business news, retail industry,
Source: https://www.cnbc.com/2024/06/20/darden-restaurants-dri-q4-2024-earnings.html