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Olive Garden Powers Darden's Sales Surge
18 Dec
Summary
- Darden Restaurants reported strong sales growth, driven by Olive Garden.
- The company raised its full-year revenue outlook for fiscal 2026.
- Second-quarter net income increased to $237.2 million from last year.
Darden Restaurants showcased impressive sales performance this past quarter, with significant contributions from its Olive Garden and LongHorn Steakhouse brands. This strong showing has prompted the company to elevate its full-year revenue growth projections.
For fiscal 2026, Darden now anticipates revenue growth between 8.5% and 9.3%, while maintaining its earnings per share guidance of $10.50 to $10.70. This positive financial news led to a more than 4% rise in the company's shares in premarket trading.
The company reported a net income of $237.2 million, equating to $2.03 per share, compared to $215.1 million ($1.82 per share) in the same period last year. Excluding specific costs, Darden’s earnings per share were $2.08. Net sales climbed by 7.3%, reaching a total of $3.1 billion.
