Darden Reports Fiscal 2018 Second Quarter Earnings and Increases Outlook

Darden Restaurants, Inc. (DRI) announced its fiscal second quarter of 2018 earnings on December 19. Sales of $1.88 billion beat Wall Street estimates and increased 14.6% over the same quarter last year. The company previously provided guidance of 11.5% to 13% annual increase in sales. They updated guidance for the year to reflect a 13% increase in sales. Darden is the parent company of eight restaurant brands, including Olive Garden and LongHorn Steakhouse.

 

Sonal caught the news alert at 7:00 am and sent a notification to subscribers. The next trade took place at 7:05 am for $93.00. Regular market trading opened at $93.25. The stock price continued to push higher throughout the day before closing at $96.68.

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