Darden Restaurants Cooked Up an 18% Gain With Sizzling 2025 Guidance

Shares of Darden Restaurants (NYSE: DRI) soared to a new all-time high on Thursday morning following the release of robust second-quarter results. The restaurant operator's stock peaked at an overnight gain of 18.1% before backing down to a 15.5% uptick at 1:30 p.m. ET.The company behind restaurant chains such as Olive Garden, Cheddar's Scratch Kitchen, and Bahama Breeze reported results right in line with Wall Street's expectations. Sales rose 6% year over year to $2.9 billion, driven by solid same-store growth in the central brands of Longhorn Steakhouse and Olive Garden. Comparable fine dining revenues slipped 5.8% lower as consumers backed away from pricey dinners in this challenging economy.On the bottom line, adjusted earnings per share (EPS) rose 10% to $2.03. Darden faced rising labor costs but balanced out that pressure with effective price negotiations for key ingredients.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool