Earnings

Darden Restaurants (DRI) Q2 2022 earnings beat estimates

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Diners wearing protective masks wait outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021.

Chet Strange | Bloomberg | Getty Images

Darden Restaurants on Friday reported quarterly earnings and revenue that topped analysts’ expectations, leading the company to raise its sales and earnings forecast for the rest of fiscal 2022.

The Olive Garden parent also announced that CEO Gene Lee will retire May 29. The board elected Chief Operating Officer Rick Cardenas as its next chief executive. Cardenas, who previously served as chief financial officer, will join the board on May 30. Lee will stick around as executive chairman until the next shareholder vote, when he…



Source cnbc.com

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