Darden Stock Is Rising Even as Olive Garden Owner Expects Lower Sales

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Updated March 24, 2022 1:49 pm ET / Original March 24, 2022 8:01 am ET

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Shares of Darden Restaurants were rising Thursday, even after the Olive Garden and LongHorn Steakhouse parent company scaled back its financial forecasts for fiscal 2022,

Darden (ticker: DRI) expects total sales for the year clocking in between $9.55 billion and $9.62 billion, a less upbeat call than the company’s guidance issued in December, which predicted sales could go as high as $9.7 billion. Analysts polled by FactSet are expecting $9.61 billion in sales for that period.


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