Investing.com -- Darden Restaurants, Inc. (NYSE: DRI) reported third-quarter results that met earnings expectations while revenue fell short of analyst estimates, with shares rising 0.1% following the announcement.

The restaurant operator posted adjusted earnings per share of $2.95 for the quarter ended February 22, matching the analyst consensus of $2.95. However, revenue of $3.3 billion missed the estimate of $3.33 billion, though it increased 5.9% from the same quarter last year. The revenue growth was driven by a 4.2% increase in same-restaurant sales and contributions from 31 net new restaurants.

For fiscal 2026, the company issued guidance of $10.57 to $10.67 per share. The midpoint of $10.62 is above the analyst consensus of $10.57. The outlook includes approximately $0.25 related to the addition of a 53rd week in the fiscal year.

LongHorn Steakhouse led segment performance with same-restaurant sales growth of 7.2%, while Olive Garden posted a 3.2% increase. Fine Dining same-restaurant sales rose 2.1%, and the Other Business segment increased 3.9%.

"We delivered a strong quarter," said Rick Cardenas, President and CEO. "We continue to outperform the industry same-restaurant sales benchmark, and this quarter we widened that gap as Olive Garden, LongHorn Steakhouse, Yard House, and Cheddar's Scratch Kitchen each significantly exceeded the benchmark."

The company updated its full-year outlook, projecting total sales growth of approximately 9.5%, including roughly 2% growth from the 53rd week. Same-restaurant sales growth is expected to be approximately 4.5%, with plans to open around 70 new restaurants. Total capital spending is anticipated between $750 million and $775 million.

Darden declared a quarterly dividend of $1.50 per share, payable May 1 to shareholders of record on April 10.