Earnings Results: Olive Garden parent Darden’s earnings buoyed by addition of 77 Ruth’s Chris Steak Houses locations


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Darden Restaurants Inc., parent company of brands including Olive Garden, LongHorn Steakhouse and Yard House, posted better-than-expected fiscal first-quarter earnings on Thursday, boosted by the addition of 77 restaurants from Ruth’s Chris Steak House, which it acquired in June.

The company DRI had net income of $194.5 million, or $1.60 a share, for the quarter to Aug. 27, up from $193.0 million, or $1.56 a share, in the year-earlier period. Adjusted per-share earnings came to $1.78, ahead of the $1.74 FactSet consensus.

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Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

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