Darden Restaurants, Inc. (NYSE:DRI) stock took a hit today following the release of its earnings report for its fiscal first quarter of 2018.

Darden Restaurants, Inc. reported earnings per share of 99 cents during its fiscal first quarter of 2018. This is an increase over its earnings per share of 88 cents from the same time last year. The company’s earnings per share for the quarter matched Wall Street’s estimates.

During its fiscal first quarter of 2018, Darden Restaurants, Inc. reported revenue of $1.94 billion. This is up from its revenue of $1.71 billion that was reported in its fiscal first quarter of 2017. It also came in just above analysts’ revenue estimate of $1.93 billion for the quarter.

The drop for DRI stock is likely connected to its same-store sales for its fiscal first quarter of 2018. The company noted same-store sales were up 1.7%. However, Wall Street was looking for same-store sales in the quarter to rise by 2.1%. This quarter’s same-store sales were also down from the 3.3% increase in the fiscal fourth quarter of 2017.

Darden Restaurants, Inc. reported operating income of $174.50 million in its fiscal first quarter of 2018. The restaurant company reported operating income of $161.30 million in its fiscal first quarter of the previous year.

Net income reported by Darden Restaurants, Inc. in its fiscal first quarter of 2018 was $119 million. This is up from its net income of $110 million that was reported in the same period of the year prior.

Darden Restaurants, Inc. also reaffirmed its outlook for the fiscal full year of 2018. It says that it is expecting earnings per share for the year to range from $4.38 to $4.50. Wall Street is looking for earnings per share of $4.47 for the quarter. DRI notes that its estimate takes into account for the impact from Hurricanes Harvey and Irma.

DRI stock was down 5% as of noon Tuesday, but is up 7% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.