Dadeng Hotel fell by about 10.5% to hit a new low in over 5 months, while first quarter profits were slightly lower than expected.
The American chain restaurant Darden Restaurants fell by about 10.5%, reaching $186.9, hitting a new 5-month low. On the news front, Darden Restaurants announced that in the first quarter of fiscal year 2026, revenue increased by 10% year-on-year to $3.04 billion, in line with expectations; net profit was $258 million, adjusted earnings per share were $1.97, slightly lower than the market's expectation of $2. The company expects revenue to increase by 7.5% to 8.5% year-on-year in fiscal year 2026, higher than the previous forecast of 7% to 8%, reaffirming its forecast of adjusted earnings per share of $10.50 to $10.70.
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