Darden Restaurants Slumps, Hit by Revenue Miss and Olive Garden Slowdown

Darden Restaurants (NYSE: DRI) reported fiscal first-quarter 2027 earnings per share of $2.05, meeting analyst expectations. Revenue reached $3.2 billion, slightly missing forecasts. Total sales increased 5.1% year-over-year. The company reaffirmed its full-year earnings guidance.

Olive Garden same-restaurant sales grew 1.1%, falling below analyst projections. LongHorn Steakhouse reported a 6.2% increase in same-restaurant sales. These results indicate a potential shift in consumer behavior within the casual dining sector.

Darden stock fell 4-6% in pre-market trading following the announcement. The revenue miss and Olive Garden’s performance overshadowed the company's stable results.