BUZZ-Darden Restaurant rises on raising annual sales forecast

Reuters12-19

** Darden Restaurant shares rise about 8% at $174.40 premarket

** Olive Garden restaurant owner raises FY25 total sales forecast to $12.1 bln, above its prior range of $11.8 bln to $11.9 bln, taking into account results of full-service restaurant operator Chuy's

** In July, DRI agreed to buy Chuy's Holdings in an all-cash deal with an enterprise value of $605 mln

** DRI posts Q2 total sales of $2.89 bln, up 6% and roughly in line with analysts' average estimate of 6.3% increase - LSEG data

** Stock down 2.7% YTD, as of last close

(Reporting by Savyata Mishra in Bengaluru)

((Savyata.Mishra@thomsonreuters.com))

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