Darden Restaurants’ shares slipped on Thursday after the company’s flagship brand, Olive Garden, reported that its same‑store sales growth had slowed in recent quarters.
In its latest earnings release, Olive Garden highlighted a deceleration in the pace of sales growth at existing restaurants, a trend that has been evident over the past few reporting periods.
The news prompted a decline in investor confidence, with Darden Restaurants’ stock falling in after‑hours trading following the announcement.
Darden Restaurants, the parent company of Olive Garden, operates a portfolio of dining brands in the United States. The slowdown in same‑store sales growth is a key metric for the company’s performance and its outlook for the coming quarters.
<small>Source: CNBC — read the original story there.</small>