07:42 AM EDT, 06/20/2024 (MT Newswires) -- Darden Restaurants ( DRI ) reported fiscal Q4 adjusted net earnings from continuing operations Thursday of $2.65 per diluted share, up from $2.58 a year earlier.

Analysts polled by Capital IQ expected $2.61.

Sales for the quarter ended May 26 were $2.96 billion, up from $2.77 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.97 billion.

For fiscal 2025, the company said it expects net earnings from continuing operations in the range of $9.40 to $9.60 per diluted share, on total sales in the range of $11.80 billion to $11.90 billion. Analysts polled by Capital IQ expect net earnings from continuing operations of $9.54 per diluted share on sales of $11.94 billion.

Additionally, Darden said its board raised the quarterly dividend by 6.9% to $1.40 per share, payable Aug. 1 to shareholders of record as of July 10.

Shares of the company were up 3.3% in recent Thursday premarket activity.

Price: 156.98, Change: +5.02, Percent Change: +3.30