Shares of Darden Restaurants fell as much as 5% Thursday morning after the parent company of Olive Garden reported slower-than-expected sales growth.
Olive Garden parent company Darden Restaurants reports quarterly revenue and same-store sales growth that falls short of analyst estimates.
"I personally believe that there's uncertainty entering into the consumer. And it's impacting their confidence," CEO Eugene Lee tells analysts.Callaghan O'Hare | Bloomberg | Getty Imagesfell as much as 5% Thursday morning after it reported slower-than-expected sales growth.During its fiscal first quarter ended Aug. 25, Darden saw same-store sales growth of 0.9% across all of its restaurants, which includes LongHorn Steakhouse and the Capital Grille.
"I personally believe that there's uncertainty entering into the consumer. And it's impacting their confidence," he told analysts on the conference call.
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