Darden Restaurants down after missing quarterly sales estimates

Darden Restaurants

20/03/2025 11:28

** Olive Garden owner Darden Restaurants DRI.N down 1.8% at $184.80 premarket

** Co misses Q3 same-store sales and net sales estimates, according to data compiled by LSEG

** Also narrowed annual profit forecast, whose midpoint is  slightly below prior forecast

** Co maintains annual total sales and same-store sales forecasts; Q3 adjusted profit narrowly beat estimates

** Says $548 million remaining under current $1 billion repurchase authorization at Q3 end

** DRI rose 13.6% in 2024, and was up ~1% YTD, as of last close

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))