Darden Restaurants (NYSE:DRI) reported fiscal first quarter profits jumped by 4% to $110.8 million, or 85 cents per share, as new restaurant openings boosted sales. Revenue came in at $2.03 billion, meeting analysts' expectations for the quarter and the company reiterated its goal of increasing revenue by 9% to 10% is fiscal 2013.
With the strong earnings report, Darden Restaurants declared its quarterly dividend of 50 cents per share, maintaining the amount paid to shareholders last quarter.
In early trading, shares of DRI were higher by more than 4%.
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