Darden Restaurants, Inc. DRI reported fourth-quarter fiscal 2020 results, wherein the bottom line surpassed the Zacks Consensus Estimate, while the top line lagged the same. The company reported better-than-expected earnings for the sixth straight quarter. Following the results, the company’s shares are up 2.2% in pre-market trading session.The company reported adjusted loss per share of $1.24 per share, narrower than the Zacks Consensus Estimate of loss of $1.59. In the prior-year quarter, the company had reported adjusted earnings per share of $1.76.Total sales of $1,270.1 million missed the consensus mark of $1,301 million. Moreover, sales declined 43% from the prior-year quarter on account of negative blended same-restaurant sales of 47.7%. Results in the quarter were impacted by the coronavirus pandemic.Darden Restaurants, Inc. Price, Consensus and EPS Surprise Darden Restaurants, Inc. price-consensus-eps-surprise-chart | Darden Restaurants, Inc. QuoteSales by SegmentsDarden reports business under four segments — Olive Garden, LongHorn Steakhouse, Fine Dining that includes The Capital Grille and Eddie V's, and Other Business.Sales at Olive Garden decreased 34% year over year to $730.8 million. Comps declined 8.6% at the segment, against the prior-quarter’s comp growth of 2.1%.Sales at Fine Dining declined 60.1% to $61.7 million. Comps at The Capital Grille fell 13.6% against growth of 4.2% in the previous quarter. Further, Eddie V's reported comps decline of 15.2%, against a 3.9% improvement in the prior quarter.Sales at Other Business slumped 61.8% year over year to $184.7 million. Moreover, comps at Seasons 52 declined 18.7% against a comps growth of 3% in the prior quarter. Comps at Yard House were down 17.3% against 1.8% increase in the previous quarter. Moreover, comps fell 20.1% at Bahama Breeze compared with a decline of 0.5% in the preceding quarter.At LongHorn Steakhouse, sales were down 39.5% to $292.9 million. Comps at the segment decreased 8.8%, against comps growth of 3.9% in the year-ago quarter.In the reported quarter, comps at Cheddar's decreased 17.1% compared with a decline of 1.6% in the prior-year quarter.Operating Highlights & Net IncomeIn the fiscal fourth quarter, total operating costs and expenses decreased 6.9% year over year to $1,862.2 million. The decline can be attributed to an overall decrease in food and beverage costs, restaurant expenses, and labor costs.Balance SheetCash and cash equivalents as of May 31, 2020, totaled $763.3 million, down from $457.3 million as of May 26, 2019.Inventories totaled $206.9 million at the end of the reported quarter. Long-term debt as of May 31, 2020, was $928.8 million, up from $927.7 million as of May 26, 2019.First-quarter 2021 GuidanceDue to uncertainty regarding the future business on account of the pandemic, the company provided first-quarter guidance instead of the full year. The company expects total sales of nearly 70% of prior-year sales. EBITDA is anticipated at $75 million. Earnings per share from continuing operations are anticipated either greater than or equal to $0.00.The company expects to open 35-40 net new restaurants and total capital spending of $250 to $300 million in fiscal 2021.Business UpdatesThe company provided business updates for first-quarter fiscal 2021 to date through Sunday, Jun 21. Blended same-restaurant sales fell 33.2% during the period. Darden, Olive Garden, LongHorn Steakhouse, Fine Dining and Other Business same-restaurant sales declined 33.2%, 31.3%, 24.3%, 48.1% and 42.3%, respectively.Darden currently has a Zacks Rank #2 (Buy).Other Key PicksSome other top-ranked stocks, which warrant a space in the same space include El Pollo Loco Holdings, Inc. LOCO, Domino's Pizza, Inc. DPZ and Papa John's International, Inc. PZZA. Each of these stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.In the past three months, shares of El Pollo Loco Holdings have gained 63.3%.Domino's and Papa John's have an impressive long-term earnings growth rate of 12.8% and 8%, respectively.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dominos Pizza Inc (DPZ): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Papa Johns International, Inc. (PZZA): Free Stock Analysis Report El Pollo Loco Holdings, Inc. (LOCO): Free Stock Analysis Report To read this article on Zacks.com click here.