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Top Wall Street Forecasters Revamp Darden Restaurants Price Expectations Ahead Of Q3 Earnings - Darden Restaurants (NYSE:DRI)

  • Darden Restaurants reported weaker-than-expected sales due to poor weather conditions affecting its Olive Garden and LongHorn Steakhouse locations, causing a sales slowdown.
  • Darden's net income increased to $323.4 million this fiscal third quarter, with adjusted earnings per share at $2.80, slightly above expectations of $2.79.
  • CEO Rick Cardenas noted that same-store sales were impacted by low temperatures and snowstorms but expressed optimism as delivery orders from Olive Garden increased.
  • Analysts are maintaining positive ratings on Darden, with price targets raised by multiple firms, reflecting confidence in the company's performance despite recent challenges.
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Benzinga broke the news in New York, United States on Thursday, March 20, 2025.
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