Darden posts first same-store sales decline since pandemic, offset by Ruth's Chris acquisition

LongHorn Steakhouse was the company’s only division to report same-store sales growth.

Darden's quarterly earnings met Wall Street expectations, but its revenue fell short of estimates.Darden Restaurants

Darden reported fiscal third-quarter net income of $312.9 million, or $2.60 per share, up from $286.6 million, or $2.34 per share, a year earlier. But Darden's overall same-store sales fell 1% in the quarter as almost all of its restaurant segments reported same-store sales declines. Only LongHorn Steakhouse saw same-store sales growth. A year earlier, Darden reported same-store sales growth of 11.7%.

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