Darden Restaurants falls on annual profit forecast below estimates

Darden Restaurants

Today 13:19

** Shares of Darden Restaurants DRI.N fell 3% to $208.99 premarket 
** The Olive Garden parent forecasts full-year profit below Wall Street estimates as higher input costs and increased marketing expenses weighed on margins amid persistent inflationary pressure
** DRI says expects annual EPS from continuing operations between $11.10 and $11.35; analysts on average expected $11.40 per share - data compiled by LSEG
** Logs Q4 sales of $3.72 billion, missing analysts' estimate of $3.73 billion
** Q4 adjusted profit from continuing operations of $3.66 per share beat estimates of $3.63 per share
** As of last close, stock up ~16% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))