Darden Restaurants, Inc. (DRI) Tops Q1 EPS by 1c
Tweet Send to a FriendGet Alerts DRI Hot Sheet
Price: $52.80 -0.62%
EPS Growth %: -18.4%
Financial Fact:
Income taxes: -38.7M
Today's EPS Names:
ATU, CRWS, CLC, More
EPS Growth %: -18.4%
Financial Fact:
Income taxes: -38.7M
Today's EPS Names:
ATU, CRWS, CLC, More
Trade DRI Now!
Darden Restaurants, Inc. (NYSE: DRI) reported Q1 EPS of $0.85, $0.01 better than the analyst estimate of $0.84. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $2.03 billion.
The increase reflects same-restaurant sales growth of 2.2% for the Company's Specialty Restaurant Group, the acquisition of 11 Eddie V's restaurants on November 14, 2011, and the addition and operation of another 92 net new restaurants compared to the first quarter last year, offset by a combined same-restaurant sales decline of 0.3% for Olive Garden, Red Lobster and LongHorn Steakhouse. In the first quarter, U.S. same-restaurant sales increased 3.6% at LongHorn Steakhouse and 0.3% at Olive Garden, and declined 2.6% at Red Lobster.
For earnings history and earnings-related data on Darden Restaurants, Inc. (DRI) click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The increase reflects same-restaurant sales growth of 2.2% for the Company's Specialty Restaurant Group, the acquisition of 11 Eddie V's restaurants on November 14, 2011, and the addition and operation of another 92 net new restaurants compared to the first quarter last year, offset by a combined same-restaurant sales decline of 0.3% for Olive Garden, Red Lobster and LongHorn Steakhouse. In the first quarter, U.S. same-restaurant sales increased 3.6% at LongHorn Steakhouse and 0.3% at Olive Garden, and declined 2.6% at Red Lobster.
For earnings history and earnings-related data on Darden Restaurants, Inc. (DRI) click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- La-Z-boy, Inc. (LZB) Tops Q4 EPS by 5c
- Tough Print Market Leads Tribune to Lower Profits in FY12 (NWSA)
- Linktone Ltd. (LTON) Q1 Profit Slips to 10c/ADS
Create E-mail Alert Related Categories
Earnings, Retail SalesRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
