Darden Restaurants beats quarterly estimates on strong sales growth at Olive Garden, LongHorn Steakhouse

  • Darden Restaurants Inc (NYSERI), the parent company of popular dining chains including Olive Garden and LongHorn Steakhouse, saw its shares move higher on Friday as it reported better-than-expected financial results for the fiscal fourth quarter. Revenue for the quarter ending May 25 was up 10.6% from the year-ago quarter to $3.27 billion, ahead of the Wall Street consensus estimate of $3.26 billion.