Olive Garden owner Darden Restaurants reported flat same-store sales growth in its latest quarter.
Its acquisition of Ruth's Chris Steak House fueled a 6.8% jump in net sales, but the company missed Wall Street's estimates for quarterly revenue.Follow your favorite stocksOlive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Inc orporated headquartered in Florida.on Thursday reported mixed quarterly results as Olive Garden's same-store sales fell for the second consecutive quarter.
Darden reported fiscal fourth-quarter net income of $308.1 million, or $2.57 per share, down from $315.1 million, or $2.58 per share, a year earlier. Net sales rose 6.8% to $2.96 billion, fueled by its acquisition of Ruth's Chris Steak House and 37 other net new locations.
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