Multi-brand restaurant operator Darden Restaurants – the parent company of popular chains like Olive Garden, LongHorn Steakhouse and Ruth’s Chris Steak House – beat Wall Street’s earnings-per-share predictions during its second financial quarter, the company reported Friday.
Darden reportedly pulled in $1.84 in earnings per share compared to the $1.74 in earnings per share expected by analysts.
The company also revealed that its restaurant sales grew 9.7% year-over-year, though fine dining sales continued to lag.
As a result of its earnings beat, Darden raised its full-year earnings guidance by $0.20 per share.
