Darden Restaurants, parent of Olive Garden, beat Q2 earnings forecasts, driving stock up 9% premarket.
Darden Restaurants reported Q2 earnings and revenue slightly above analyst expectations, with a 6% sales increase. Olive Garden and LongHorn Steakhouse drove growth, though the fine-dining segment saw a 5.8% decline. Darden's EPS was $2.03, and it now projects FY 2025 EPS between $9.40 and $9.60, with $12.1 billion in revenue. The company's stock gained over 9% in premarket trading.
3 months ago
34 Articles
Articles
Further Reading
Only 1 story left this month. Keep reading without limits — Subscribe now!