Darden Restaurants, Inc. (NYSE:DRI) shares are trading higher. The company reported first-quarter financial results today.
The company reported adjusted earnings per share of $1.75, missing the analyst consensus estimate of $1.83. Quarterly sales of $2.76 billion missed the street view of $2.80 billion.
“While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business,” said Darden President & CEO Rick Cardenas.
Darden’s directors have approved a quarterly cash dividend of $1.40 per share on the company’s outstanding common stock. This dividend will be paid on November 1 to shareholders, as recorded as of the close of business on October 10.
In the quarter, the company repurchased around 1.2 million shares of ...
