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0.00309235624794117 0.00602531268928735 0.00166838464236002 0.00330488932340097 0.00484575412048506 -0.000382559535827657 0.043749933583414 0.038967939385567
Stock impact report

Darden Restaurants stock climbs as Olive Garden, LongHorn Steakhouse fuel sales growth [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
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Company Research Source: MSNBC.com
Darden RestaurantsShares of the company rose 13% in morning trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: per share: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%."It looks like the consumer is starting to feel a little bit better than they were in prior quarters," CEO Rick Cardenas said on the company's conference call.Customers with incomes between $50,000 and $100,000 are visiting Darden's restaurants more frequently, although higher-income diners haven't increased their visits.Darden also saw "meaningful impacts" from hurricanes Helene and Milton, according to Cardenas. But only one restaurant, a Show less Read more
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