Darden Restaurants Earnings: The Rebound Is in Full Swing
Investors had high expectations going into Darden Restaurants' (NYSE: DRI) recent quarterly report but were still surprised by the scale of the recent growth rebound. The owner of the Olive Garden and Longhorn Steakhouse brands issued an aggressive annual outlook after customer traffic surged in early 2021. And its monthly sales metrics describe continuing acceleration into the summer months.
Let's take a closer look.
Sales rose 80% compared to the year-ago period that included some of the worst impacts of the pandemic. That result was enough to beat Wall Street's elevated expectations for the restaurant chain. Most investors were looking for growth of about 70% year over year.
Source Fool.com
