The owner of Olive Garden jumps after beating earnings and raising guidance (DRI)
|09/20/2018||Posted by BusinessMediaguide.Com under General World News||
- Darden Restaurants beat on both the top and bottom lines.
- The restaurant owner raised its full-year profit guidance.
- Shares are up more than 3% early Thursday.
- Watch Darden Restaurants trade in real time here.
Shares of Darden Restaurants, the owner of many US restaurant brands such as Olive Garden, jumped 3%ahead of Thursday’s opening bell after reporting quarterly results that beat on both the top and bottom lines and raising its full-year profit guidance.
The multi-brand restaurant operator earned an adjusted $1.34 per share for its first quarter, topping the $1.24 that analysts surveyed by Bloomberg were expecting. Total sales increased read more >>>