{"id":64526,"date":"2023-09-23T08:53:34","date_gmt":"2023-09-23T12:53:34","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/olive-garden-owner-darden-slips-on-mixed-earnings-outlook\/"},"modified":"2023-09-23T08:53:40","modified_gmt":"2023-09-23T12:53:40","slug":"olive-garden-owner-darden-slips-on-mixed-earnings-outlook","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=64526","title":{"rendered":"Olive Garden owner Darden slips on mixed earnings, outlook"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. Olive Garden owner Darden (DRI) slips on mixed earnings, outlook<\/span>
\n<\/i>\n<\/div>\n

Darden Restaurants (NYSE:) shares fell 1% after the Olive Garden owner reported mixed FQ1 results and offered a soft outlook.<\/p>\n

of $2.7 billion missed the average analyst target of $2.71B. Earnings per share of $1.78 came in ahead of the consensus of $1.73. Operating income was $252.9 million, marking a 3.6% year-over-year increase, although below the estimate of $269.5M.<\/p>\n

Darden shares fell 1% in early Thursday trade.<\/p>\n

Darden expects EPS in the range of $8.55 to $8.85, with the midpoint of the range coming in just below the consensus of $8.75.<\/p>\n

“Looking across our entire portfolio, I am pleased with our first quarter results,” said Darden President & CEO Rick Cardenas. “Our strategy is working. We continue to grow share, strengthen margins, and make meaningful investments in our business while returning capital to shareholders.”<\/p>\n

Darden’s Board of Directors has announced a quarterly cash dividend of $1.31 per share on the company’s outstanding common stock. This dividend will be payable on November 1 to shareholders of record as of the close of business on October 10, 2023.<\/p>\n

During the quarter, Darden repurchased around 0.9M shares of its common stock, amounting to approximately $143M. As of the end of the fiscal first quarter, the company still had approximately $509M remaining under its current $1B repurchase authorization.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Olive Garden owner Darden (DRI) slips on mixed earnings, outlook Darden Restaurants (NYSE:) shares fell 1% after the Olive Garden owner reported mixed FQ1 results and offered a soft outlook. of $2.7 billion missed the average analyst target of $2.71B. Earnings per share of $1.78 came in ahead of the consensus of $1.73. […]<\/p>\n","protected":false},"author":1,"featured_media":3065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-64526","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nOlive Garden owner Darden slips on mixed earnings, outlook | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Olive Garden owner Darden (DRI) slips on mixed earnings, outlook Darden Restaurants (NYSE:) shares fell 1% after the Olive Garden owner\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=64526\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Olive Garden owner Darden slips on mixed earnings, outlook | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Olive Garden owner Darden (DRI) slips on mixed earnings, outlook Darden Restaurants (NYSE:) shares fell 1% after the Olive Garden owner\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=64526\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-23T12:53:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-23T12:53:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEC0Q1B5_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=64526#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=64526\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Olive Garden owner Darden slips on mixed earnings, outlook\",\"datePublished\":\"2023-09-23T12:53:34+00:00\",\"dateModified\":\"2023-09-23T12:53:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=64526\"},\"wordCount\":227,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=64526#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=64526\",\"url\":\"https:\/\/ifintechworld.com\/?p=64526\",\"name\":\"Olive Garden owner Darden slips on mixed earnings, outlook | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-23T12:53:34+00:00\",\"dateModified\":\"2023-09-23T12:53:40+00:00\",\"description\":\"\u00a9 Reuters. Olive Garden owner Darden (DRI) slips on mixed earnings, outlook Darden Restaurants (NYSE:) shares fell 1% after the Olive Garden owner\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=64526#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=64526\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=64526#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Olive Garden owner Darden slips on mixed earnings, outlook\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Olive Garden owner Darden slips on mixed earnings, outlook | iFintechWorld","description":"\u00a9 Reuters. Olive Garden owner Darden (DRI) slips on mixed earnings, outlook Darden Restaurants (NYSE:) shares fell 1% after the Olive Garden owner","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=64526","og_locale":"en_US","og_type":"article","og_title":"Olive Garden owner Darden slips on mixed earnings, outlook | iFintechWorld","og_description":"\u00a9 Reuters. Olive Garden owner Darden (DRI) slips on mixed earnings, outlook Darden Restaurants (NYSE:) shares fell 1% after the Olive Garden owner","og_url":"https:\/\/ifintechworld.com\/?p=64526","og_site_name":"iFintechWorld","article_published_time":"2023-09-23T12:53:34+00:00","article_modified_time":"2023-09-23T12:53:40+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEC0Q1B5_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=64526#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=64526"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Olive Garden owner Darden slips on mixed earnings, outlook","datePublished":"2023-09-23T12:53:34+00:00","dateModified":"2023-09-23T12:53:40+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=64526"},"wordCount":227,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=64526#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=64526","url":"https:\/\/ifintechworld.com\/?p=64526","name":"Olive Garden owner Darden slips on mixed earnings, outlook | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-23T12:53:34+00:00","dateModified":"2023-09-23T12:53:40+00:00","description":"\u00a9 Reuters. Olive Garden owner Darden (DRI) slips on mixed earnings, outlook Darden Restaurants (NYSE:) shares fell 1% after the Olive Garden owner","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=64526#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=64526"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=64526#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Olive Garden owner Darden slips on mixed earnings, outlook"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/64526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64526"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/64526\/revisions"}],"predecessor-version":[{"id":64527,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/64526\/revisions\/64527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/3065"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}