Darden Profit Tops Estimates as Olive Garden Halts Slide
This article is for subscribers only.
Darden Restaurants Inc., which recently had its entire board replaced in a battle with an activist investor, posted second-quarter earnings that topped analysts’ estimates, helped by improving sales at the Olive Garden chain.
Excluding some items, profit amounted to 28 cents a share in the quarter ended Nov. 23, the Orlando, Florida-based company said in a statement. Analysts had projected 27 cents, according to data compiled by Bloomberg.