Darden's Earnings and Revenues Underperform Estimates in Q1

Darden Restaurants, Inc. (DRI) reported dismal first-quarter fiscal 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. On a year-over-year basis, the top line increased, but the bottom line declined. The quarterly earnings fell short of expectations due to a significant drop in traffic during July. However, since then, the company has seen an improvement in sales trends. Considering this recovery and the planned initiatives for the rest of the fiscal year, the company reaffirmed ...