Olive Garden Parent Burned By Weak Earnings Report
Shares of Darden Restaurants Inc (NYSE:DRI) are down 9.7% this morning to trade at 1.97 per share, missing expectations, while revenue of $3.04 billion came in line with forecasts. The brand, which also owns LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, and more, reported strong same-stores sales growth across its portfolio, but struggled with weakness in its fine dining segment amid rising costs. Even so, Darden raised its 2026 forecas ...