ORLANDO, Fla. — Darden Restaurants Inc. today reported fiscal first-quarter earnings of $193 million.
On a per-share basis, the company said it had net income of $1.56.
The results met Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of $1.56 per share.
The owner of Olive Garden and other chain restaurants posted revenue of $2.45 billion in the period, falling short of Street forecasts. Twelve analysts surveyed by Zacks expected $2.47 billion.
Darden Restaurants expects full-year earnings to be $7.40 to $8 per share, with revenue in the range of $10.2 billion to $10.4 billion.