- Darden Restaurants beat Wall Street’s expectations for quarterly earnings, but its revenue fell short of estimates.
- Olive Garden and LongHorn Steakhouse reported weaker-than-expected same-store sales growth.
The Olive Garden logo is displayed on the front of an Olive Garden Italian restaurant in Edmonton, Alberta, Canada, on February 15, 2025.
Artur Widak | Nurphoto | Getty Images
Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts’ projections.
Shares of the company fell nearly 1% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $2.80 adjusted vs. $2.79 expected
- Revenue: $3.16 billion vs. $3.21 billion expected
Darden reported fiscal third-quarter net income of $323.4 million, or $2.74 per share, up from $312.9 million, or $2.60 per share, a year earlier.
Excluding costs related to its acquisition of Chuy’s, Darden earned $2.80 per share.
Net sales rose 6.2% to $3.16 billion, fueled largely by the addition of Chuy’s restaurants to its portfolio.
https://www.cnbc.com/2025/03/20/darden-restaurants-dri-q3-2025-earnings.html