An indication hangs on the entrance of an Olive Backyard restaurant on June 22, 2023 in Chicago, Illinois.
Scott Olsen | Getty Photographs
Darden Restaurants on Thursday reported combined quarterly outcomes because the Olive Backyard proprietor’s same-store gross sales shrank for the primary time for the reason that pandemic.
Shares of the corporate fell greater than 4% in premarket buying and selling.
Here is what the corporate reported in contrast with what Wall Road was anticipating, based mostly on a survey of analysts by LSEG, previously referred to as Refinitiv:
- Earnings per share: $2.62 adjusted, assembly expectations
- Income: $2.97 billion vs. $3.03 billion anticipated
Darden reported fiscal third-quarter web earnings of $312.9 million, or $2.60 per share, up from $286.6 million, or $2.34 per share, a yr earlier.
Excluding objects, the restaurant firm earned $2.62 per share.
Internet gross sales rose 6.8% to $2.97 billion.
