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Stock impact report

Darden Restaurants' sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
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Company Research Source: MSNBC.com
Darden RestaurantsShares of the company rose 8% in premarket trading.Here's what the company reported, which may not compare with what Wall Street was expecting, based on a survey of analysts by LSEG:Darden reported fiscal second-quarter net income of $215.1 million, or $1.82 per share, up from $212.1 million, or $1.76 per share, a year earlier.Excluding costs related to its acquisition of Chuy's, the restaurant company earned $2.03 per share.Net sales rose 6% to $2.89 billion.Darden's same-store sales rose 2.4%, beating StreetAccount estimates of 1.5%.LongHorn Steakhouse reported same-store sales growth of 7.5%. The casual-dining chain has been a top performer in Darden's portfolio in recent years, winning over customers with both the quality of its food and its prices. Wall Street was expecting the chain to report same-store sales growth of 4.1%.Olive Garden, which accounts for more than 40% of Darden's quarterly revenue, saw same-store sales growth of 2% in the quarter. Analysts we Show less Read more
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