Darden Restaurants, Inc. (NYSE:DRI) shares tumbled nearly 10% Thursday after the Olive Garden parent posted weaker-than-expected quarterly earnings and revenue, overshadowing double-digit sales growth fueled by acquisitions and steady same-restaurant gains.
The company reported first-quarter adjusted earnings per share of $1.97, missing the analyst consensus estimate of $2.00.
Quarterly sales of $3.004 billion missed the Street view of $3.040 billion.
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Total sales increased 10.4%, driven by a blended same-restaurant sales increase of 4.7% and sales from the acquisition of 103 …