Earnings

Darden Restaurants (DRI) Q3 2020 earnings beat estimates

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A take-out order from a Darden Restaurants Inc. Olive Garden.

Daniel Acker | Bloomberg | Getty Images

Darden Restaurants on Thursday reported quarterly earnings and revenue that topped analysts’ expectations.

Shares of the company rose 5% in premarket trading.

Darden also withdrew its fiscal 2020 outlook and suspended its quarterly dividend, citing the uncertainty it faces as states mandate the closure of dining rooms due the coronavirus epidemic.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.89 vs. $1.88 expected
  • Revenue: $2.35 billion vs. $2.32 billion expected

Olive Garden’s parent…



Source cnbc.com

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