Earnings

Darden Restaurants (DRI) Q1 2021 earnings top estimates

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A customer carries a to-go bag outside a Darden Restaurants Inc. Olive Garden restaurant in Clarksville, Indiana, U.S., on Thursday, March 5, 2020.

Luke Sharrett | Bloomberg | Getty Images

Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter as the company’s business slowly recovers from the coronavirus pandemic.

Shares of the company fell 2% in premarket trading.

Here’s what the company reported for the quarter ended Aug. 30 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 28 cents vs. 5 cents expected
  • Revenue: $1.53 billion vs. $1.56 billion expected

The Olive Garden parent…



Source cnbc.com

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