Darden Restaurants (DRI) Tops Q3 EPS by 6c, Raises FY EPS Guidance

Darden Restaurants (NYSE: DRI) reported Q3 EPS of $1.80, $0.06 better than the analyst estimate of $1.74. Revenue for the quarter came in at $2.25 billion versus the consensus estimate of $2.24 billion.

Same-restaurant sales by brand:

• +4.3% for Olive Garden
• -2.7% for Cheddar's Scratch Kitchen
• +3.8% for LongHorn Steakhouse
• -2.1% for Yard House
• +4.3% for The Capital Grille
• -1.3% for Seasons 52
• +3.7% for Eddie V's
• -3.7% for Bahama Breeze

GUIDANCE:

Darden Restaurants sees FY2019 EPS of $5.76-$5.80, versus the consensus of $5.70.

• Same-restaurant sales growth 2.5% to 2.7%

For earnings history and earnings-related data on Darden Restaurants (DRI) click here.

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