Darden Restaurants (DRI) Guides Q1 Adj-EPS Below the Street; Lowers FY09 EPS Outlook
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Price: $221.60 +1.67%
EPS Growth %: +4.1%
Financial Fact:
Earnings before income taxes: 151.4M
Today's EPS Names:
BTTX, VAXX, ELYS, More
EPS Growth %: +4.1%
Financial Fact:
Earnings before income taxes: 151.4M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Darden Restaurants, Inc. (NYSE: DRI) sees Q1 non-GAAP EPS in the range of $0.60-$0.62, versus the consensus of $0.75.
Q1 Same store sales at Red Lobster, Olive Garden and LongHorn Steakhouse on a consolidated basis are expected to decline 1.1% versus the prior year.
Sees FY09 same store sales growth of 0-1% and sales growth, excluding the 53rd week in the fiscal year, of 10-11%. Sees FY09 EPS decline of 2-3% on a 52-week basis, which compares to previous guidance for growth of 7-8%.
Darden Restaurants, Inc., through its subsidiaries, engages in the ownership and operation of a chain of restaurants in the United States and Canada.
Q1 Same store sales at Red Lobster, Olive Garden and LongHorn Steakhouse on a consolidated basis are expected to decline 1.1% versus the prior year.
Sees FY09 same store sales growth of 0-1% and sales growth, excluding the 53rd week in the fiscal year, of 10-11%. Sees FY09 EPS decline of 2-3% on a 52-week basis, which compares to previous guidance for growth of 7-8%.
Darden Restaurants, Inc., through its subsidiaries, engages in the ownership and operation of a chain of restaurants in the United States and Canada.
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