Olive Garden Parent Darden Restaurants Q3 Earnings: Sales Miss & EPS Beat, Tightened EPS Outlook And More

Darden Restaurants Inc (NYSE:DRI) shares are trading higher in premarket on Thursday.

The company reported third-quarter revenue growth of 6.2% year-on-year to $3.158 billion, missing the analyst consensus estimate of $3.215 billion.

The sales growth was driven by a blended same-restaurant sales increase of 0.7% and sales from the acquisition of 103 Chuy’s restaurants and 40 net new restaurants.

Darden clocked an operating margin of 13.2%, and the operating income rose 7.9% to $418.2 million.

Adjusted EPS of $2.80