Darden Restaurants Stock Drops 6.6% Following Q1 Revenue Miss
1 report, 1 independent
Updated Thu 00:00
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What happened
Darden Restaurants shed 6.6% in premarket trading following its fiscal first-quarter results. The company reported earnings of $2.05 per share, which was in line with estimates. Revenue reached $3.20 billion, slightly missing the $3.21 billion expected by analysts. Darden also reaffirmed its full-year guidance.
From cnbc.com
Why it matters
The stock decline reflects investor reaction to the quarterly revenue figures, despite the company reaffirming its full-year guidance. The performance of Darden Restaurants directly impacts its subsidiary brands.
From cnbc.com
Who's involved
- Darden RestaurantsAmerican multi-brand restaurant operator whose stock declined after Q1 results
- Olive GardenAmerican casual dining restaurant chain owned and operated by Darden Restaurants
Keep exploring
The entities involved
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Olive Garden
American casual dining restaurant chain specializing in Italian-American cuisine
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Darden Restaurants
American multi-brand restaurant operator
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Kinross Gold
company