A sign hangs in front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.
Scott Olsen | fake images
Darden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner's same-store sales declined for the first time since the pandemic.
The company's shares fell more than 4% in premarket trading.
Here's what the company reported compared to what Wall Street expected, according to a survey of analysts by LSEG, formerly known as Refinitiv:
- Earnings per share: Adjusted $2.62, meeting expectations
- Revenue: $2.97 billion vs. $3.03 billion expected
Darden reported fiscal third-quarter net income of $312.9 million, or $2.60 per share, down from $286.6 million, or $2.34 per share, a year earlier.
Excluding items, the restaurant company earned $2.62 per share.
net sales rose 6.8% to $2.97 billion.
