Darden Beats Wall Street Estimates, Shares Rise 2% in PreMarket – What’s Next for Olive Garden and LongHorn Steakhouse?
New York, NY – A leading restaurant chain, Darden, reported a positive quarter performance, with shares rising over 2% in premarket trading. The company’s fiscal fourth-quarter results exceeded Wall Street’s expectations, showcasing adjusted earnings per share of $2.65 compared to the $2.61 anticipated. However, revenue slightly missed projections at $2.96 billion versus the expected $2.97 billion. Despite a dip in net income from the previous year, Darden saw a significant increase in net sales, driven …