Darden Restaurants Inc (NYSE:DRI) shares are trading higher Thursday morning after the company reported better-than-expected financial results, issued guidance above analyst estimates and announced a buyback.
Darden said fiscal fourth-quarter revenue increased 14.2% year-over-year to $2.6 billion, which beat the estimate of $2.54 billion, according to data from Benzinga Pro. The company said the increase was driven by a same-restaurant sales increase of 11.7%, as well as sales from 33 net new restaurants.
