Darden Restaurants posts better than expected Q1 numbers
Darden Restaurants, Inc. (DRI) is up 0.4% Thursday morning. The company reported fiscal first-quarter numbers before the market open, posting earnings of $1.34 per share on sales of $2.06 billion. Analysts forecast earnings of $1.23 on sales of $2.03 billion. The company lifted its full-year guidance for same store sales growth to a range of 2 to 5 percent from its previous forecast range of 1 to 2 percent.
Darden Restaurants, Inc. (DRI) is a restaurant chain.
Amazon.com, Inc. (AMZN) and Herman Miller, Inc. (MLHR) top the list of other companies with positive news today, while Thor Industries, Inc. (THO) and Red Hat, Inc. (RHT) top the list of companies with negative news.
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About Darden Restaurants Inc.
Darden is one of the largest players in the $185 billion U.S. casual dining industry. Olive Garden (866 units), LongHorn (514), and Cheddar's Scratch Kitchen (161 company-owned and 14 franchise units) are its core brands, while the smaller, faster-growing specialty restaurant group is made up of Yard House (79), The Capital Grille (58), Seasons 52 (44), Bahama Breeze (42), and Eddie V's (21). In November 2015, the company spun off selected real estate and restaurant assets into Four Corners Property Trust.