Darden Restaurants falls after missing quarterly profit estimates

Shares of Olive Garden-parent Darden Restaurants DRI.N down ~6% at $196 premarket

Co posts Q1 adjusted EPS of $1.97 vs. estimates of $2, while sales of $3.04 are in line with expectations- data compiled by LSEG

Casual dining restaurants are facing demand concerns due to macroeconomic uncertainty, while battling rising input costs

Co reiterates annual adjusted EPS expectations of $10.50 to $10.70

*However, DRI now expects annual sales to grow 7.5% to 8.5%, compared to the previous 7% to 8% forecast

Up to last close, stock has risen ~12% YTD