Its acquisition of Ruth's Chris Steak House fueled a 6.8% jump in net sales, but the company missed Wall Street's estimates for quarterly revenue.Follow your favorite stocksOlive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida.on Thursday reported mixed quarterly results as Olive Garden's same-store sales fell for the second consecutive quarter.
Darden reported fiscal fourth-quarter net income of $308.1 million, or $2.57 per share, down from $315.1 million, or $2.58 per share, a year earlier. Net sales rose 6.8% to $2.96 billion, fueled by its acquisition of Ruth's Chris Steak House and 37 other net new locations.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più: