This is what the corporate reported in contrast with what Wall Avenue was anticipating, primarily based on a survey of analysts by LSEG, previously referred to as Refinitiv:Earnings per share: $2.62 adjusted, assembly expectationsRevenue: $2.97 billion vs. $3.03 billion expectedDarden reported fiscal third-quarter web revenue of $312.9 million, or $2.60 per share, up from $286.6 million, or $2.34 per share, a 12 months earlier.Excluding objects, the restaurant firm earned $2.62 per share.Web gross sales rose 6.8% to $2.97 billion, fueled by Darden’s acquisition of Ruth’s Chris Steak Home and 53 different new restaurant areas.However Darden’s general same-store gross sales fell 1% within the quarter as nearly all of its restaurant segments reported same-store gross sales declines. Solely LongHorn Steakhouse noticed same-store gross sales progress. A 12 months earlier, Darden reported same-store gross sales progress of 11.7%.Olive Backyard, often the crown jewel of Darden’s portfolio, reported its same-store gross sales fell 1.8%. Analysts had been anticipating the chain’s same-store gross sales to rise 1.3%, in line with StreetAccount estimates.LongHorn Steakhouse’s same-store gross sales rose 2.3%, however nonetheless fell in need of StreetAccount estimates of three.1%.Darden’s fantastic eating enterprise, which incorporates The Capital Grille, noticed its same-store gross sales decline 2.3%. That division now contains Ruth’s Chris, however these same-store outcomes will not be included within the class complete for a number of extra quarters.Remaining chains, like Cheddar’s Scratch Kitchen, collectively noticed same-store gross sales fall 2.6%.Darden additionally up to date its outlook for fiscal 2024. The corporate now expects adjusted earnings per share of $8.80 to $8.90, narrowing its earnings forecast from a previous vary of $8.75 to $8.90. Darden additionally lowered its income projection from $11.5 billion to $11.4 billion and adjusted its same-store gross sales outlook from a spread of two.5% to three% progress to a spread of 1.5% to 2%.