Darden Restaurants, whose brands include Olive Garden, reported mixed quarterly results on Tuesday, but raised its forecast for fiscal 2019, sending premarket share prices up nearly 5 percent.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 92 cents vs. 91 cents expected
- Revenue: $1.97 billion vs. $1.98 billion expected
Darden also said same-store sales grew 2.1 percent, beating analysts’ estimates of 2 percent. Strong sales at Olive Garden and Capital Grille restaurants that have been open at least a year boosted those numbers. Darden’s upscale steakhouse chain reported the highest same-store sales growth of 3.7 percent, beating even Olive Garden……………………CLICK HERE