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%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.