Darden Restaurants falls after quarterly results miss

By Reuters News

** Shares of Darden Restaurants DRI.N down 5% at $203.75 premarket

** The Olive Garden parent marginally missed first-quarter sales and profit estimates as budget-conscious diners curtailed restaurant spending and prioritized value-focused purchases

** Logs Q1 sales of $3.20 billion vs estimates of $3.21 billion - data compiled by LSEG

** Reports quarterly adjusted earnings from continuing operations of $2.05 per share vs estimates of $2.06 per share

** DRI reaffirms annual EPS and same-restaurant sales growth forecasts

** As of last close, stock up ~16% YTD

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