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Darden Restaurants earnings beat estimates but Olive Garden growth weakens

Darden Restaurants shares fell as a profit beat was overshadowed by weakening growth at Olive Garden.

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📍 Where it landed

Darden Restaurants reported fourth quarter results featuring higher profit and sales, though shares fell as Olive Garden weakness clouded an earnings beat. The company increased its quarterly dividend by 8% to $1.62.

Reports on revenue were mixed, with some sources stating it fell short of estimates while others noted it was in line with expectations.

Epilogue added 48d ago, after coverage quieted.

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5638190Jun 25 22:03Jun 27 13:46 UTC

Where it stands

Darden Restaurants reported fourth-quarter results showing higher profit and sales. Despite beating earnings estimates, the company's revenue fell short of expectations according to some reports, and its shares declined following the announcement.

Coverage from CNBC and Bloomberg emphasizes a trend of weakening growth at Olive Garden. Other reports from the WSJ and GuruFocus highlight an 8% quarterly dividend increase to $1.62 and an upgraded price target of $235 from Guggenheim.

Attention remains on Darden's ability to use its scale to gain market share in the full-service dining category and the trajectory of its flagship brand, Olive Garden.

Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 48d ago.

The reporting (13)

Answered

What happened to Darden's dividend?

The company increased its quarterly dividend by 8% to $1.62.

How did the market react to the earnings report?

Shares fell as weakness in Olive Garden growth clouded the earnings beat.

What is the current outlook from Guggenheim?

Guggenheim maintained its rating and raised the price target to $235.

People, places & organizations

Olive Garden Price Target Raised Guggenheim Darden Restaurants Darden DRI Reports Q2 Everything You Need To Know Ahead Of Earnings Placer.ai How Darden DRI Maintained Darden Restaurants Posts Higher Profit Sales Darden Restaurants Fiscal Q4 Earnings Snapshot Darden Restaurants DRI Increases Quarterly Dividend

Topics

Darden Restaurants Olive Garden DRI Guggenheim Full-Service Dining

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