Darden (DRI) Reports Solid Q4 Results; Boosts Qtr. Dividend by 25% to $0.25; Guides FY10

Darden Restaurants Inc. (NYSE: DRI) reports Q4 EPS of $0.90, 4 cents better than the analyst estimate of $0.86. Revenue for the quarter was $1.98 billion, versus the consensus of $1.98 billion.

Q4 combined comps fell 1.4%.

Raised the quarterly dividend by 25% to $0.25 per common share.

Sees FY10 EPS of $2.59-$2.85, versus the consensus of $2.91. Sees FY10 sales down 1% to up 1%.

Sees FY10 blended comp sales unchanged to down 2%.

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