07:40 AM EDT, 09/19/2024 (MT Newswires) -- Darden Restaurants ( DRI ) reported fiscal Q1 adjusted net earnings from continuing operations Thursday of $1.75 per diluted share, down from $1.78 a year earlier.

Analysts polled by Capital IQ expected $1.83.

Sales for the quarter ended Aug. 25 were $2.76 billion, up from $2.73 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.80 billion.

The company said it continues to expect fiscal 2025 diluted net earnings from continuing operations of $9.40 to $9.60 per share. Analysts polled by Capital IQ expect $9.52.

Additionally, Darden said its board maintained its quarterly dividend at $1.40 per share, payable Nov. 1 to shareholders of record as of Oct. 10.

Shares of the company were up more than 9% in recent Thursday premarket activity.

Price: 174.06, Change: +14.92, Percent Change: +9.38