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Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine-dining sales

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Darden, the owner of Olive Garden, saw net sales rise more than 11% in the quarter.

on Thursday reported earnings and revenue that topped analysts' expectations in its first quarter as the owner of Ruth's Chris Steak House.Here's what the company reported for the quarter ended Aug.

27 compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Revenue: $2.73 billion vs. $2.71 billion expectedDarden reported fiscal first-quarter net income of $194.5 million, or $1.59 per share, up from $193 million, or $1.56 per share, a year earlier.Net sales rose 11.6% to $2.73 billion.

 

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