Darden Restaurants Lifts Outlook After Sales Jump
Sales in the 1Q jumped 10% to $3.04 billion, in line with Wall Street models
Darden Restaurants raised its full-year outlook after logging higher profit and sales in its fiscal first quarter.
The owner of Olive Garden and LongHorn Steakhouse restaurants on Thursday posted a profit of $257.8 million, or $2.19 a share, for its three months ended Aug. 24. That is up from $207.2 million, or $1.74 a share, a year earlier.
Stripping out certain one-time items, earnings were $1.97...
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