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A customer carries an Olive Garden shopping bag in Pittsburg, California, US, on Friday, Dec. 9, 2022.
David Paul Morris | Bloomberg | Getty Images
Darden Restaurants on Thursday reported earnings and revenue that topped analysts’ expectations in its first quarter as the owner of Ruth’s Chris Steak House.
But same-store sales of Darden’s fine-dining segment fell more than expected, signaling that consumers are spending less on upscale restaurant meals.
Shares of the company fell more than 1% in premarket trading.
Here’s what the company reported for the quarter ended Aug. 27 compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as…
Source cnbc.com
