Darden Restaurants

Sarah H. King, chief people officer at Darden Restaurants, sold 4,373 shares on July 29 for about $920,200, leaving her with 742 directly held shares valued at roughly $157,475. King still holds restricted stock units and stock options, preserving alignment with long-term shareholder interests. The sale comes after Darden reported $13.2 billion in trailing 12-month revenue and a $24.3 billion market cap, amid a strong year but a cautious outlook from management. » More on finance.yahoo.com

Six Darden Restaurants executives, including chief communications and public affairs officer Susan M. Connelly, sold shares within about a week, with Connelly selling 2,226 shares on July 29 and retaining over 4,000 shares plus nearly 3,000 derivative awards. The cluster of sales — spanning the CEO, CFO, two brand presidents and two staff chiefs — occurred while the stock traded near recent highs after Darden reported $13.2 billion in trailing 12-month revenue and $1.2 billion net income. The report characterizes the activity as modest, likely routine profit-taking following a strong year and share-price run-up, rather than a coordinated negative signal about the business or outlook. » More on finance.yahoo.com

Darden Restaurants reported adjusted EPS of $3.66 versus $3.63 expected, while revenue came in at $3.72 billion versus $3.73 billion expected. Net income rose to $404.9 million from $303.8 million a year earlier, and net sales climbed 13.7%, aided by an extra week in the fiscal year. Same-store sales growth at the company's fine-dining concepts and Olive Garden fell short of expectations, and the stock slipped more than 1% in premarket trading. » More on cnbc.com