Darden Restaurants (NYSE: DRI) reported better-than-expected second-quarter earnings Friday as consumers continued to eat out despite rising inflation. Furthermore, the company raised its earnings forecast for fiscal 2023 to a range between USD10.3 Billion and USD10.45 Billion from its previous estimate of anywhere from USD10.2 Billion to USD10.4 Billion. Darden shares dipped over 3% amid …
Darden Restaurants (NYSE: DRI) reported mixed first-quarter results on Thursday but stood by its original fiscal 2023 outlook, anticipating that inflation will level out in the next quarter. The multi-brand restaurant operator, which is the parent company of Olive Garden and LongHorn Steakhouse, net sales rose 6.1% throughout the quarter. Shares fell 2.5% during early …
Darden Restaurants (NYSE: DRI) reported disappointing third-quarter earnings Thursday amid a fall in sales for its Olive Garden branch, due to the omicron variant. Consequently, the company cut its earnings forecast for fiscal 2022, anticipating that both food and labor costs would continue to rise. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”DRI” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” …
