Why Darden Restaurants, Inc. Stock Dipped Today
Shares of Darden Restaurants, Inc. (NYSE: DRI) were sliding on Tuesday after the Olive Garden parent posted disappointing comparable sales in its first-quarter earnings report.
Notably, the company's revenue and earnings were actually better than expectations, but analysts often give more weight to comparable sales in the restaurant industry as, by stripping out the impact of new restaurants, the metric gives the best reflection of a company's underlying growth.
As of 11:16 a.m. EDT, the stock was down 6%.
Source: Fool.com