Market Updates
U.S. Movers: Darden Restaurants, Scholastic
Scott Peters
19 Sep, 2025
New York City
Darden Restaurants dropped 7% to $194.30 after the parent company of Olive Garden reported mixed results for the fiscal first quarter ending on August 24.
Same-store sales in the quarter increased 4.7%, driven by a 5.9% rise at Olive Garden, 5.5% at LongHorn Steakhouse, and a 0.2% decline in its fine dining segment.
Total sales increased 10% to $3.0 billion from $2.8 billion, net income advanced $257.8 million from $207.2 million, and diluted earnings per share increased to $2.19 from $1.74 a year ago.
The company guided fiscal 2026 sales to increase between 7.5% and 8.5%, including 2% growth related to the 53rd week, and same-store sales to increase between 2.5% and 3.5%.
Scholastic Corp. rose 1.7% to $24.23 after the publishing company reported weak quarterly resuls for the first quarter ended August 31.
Consolidated revenue declined to $225.6 million from $237.2 million, net loss widened to $71.1 million from $62.5 million. Diluted loss per share increased to $2.83 from $2.21 a year ago.
The company paid $5.2 million in dividends and plans to continue share repurchases as market conditions allow, with $70.0 million remaining under its current board-approved repurchase authorization.
Net debt rose to $242.8 million from $152.1 million in the prior year, primarily due to working capital needs, dividends, and share repurchases
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