This morning, Darden Restaurants (NYSE:DRI) reported fiscal first quarter earnings of $70.2 million, or 53 cents per share, on sales of $2.16 billion. The company missed Wall Street estimates on both the top and bottom line in the quarter, putting pressure on the stock today. In the announcement, Darden said it would eliminate 80 to 85 positions to save approximately $50 million per year, but none of the cuts would be at the restaurant level. Shares of DRI were lower by nearly 5% this morning.
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