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Darden Restaurants (DRI) Tops Q2 Views; Guides FY09 Sales, Comps, EPS

December 18, 2008 4:37 PM EST
Darden Restaurants, Inc. (NYSE: DRI) reports Q2 EPS of $0.44, versus the analyst estimate of $0.30. Revenue for the quarter was $1.67 billion, versus the consensus of $1.65 billion.

Combined same store sales for the quarter were down 0.2%.

Sees combined same store sales for FY09 down 1.25-2.25%. Sees sales growth of 8-9% for the year, compared to $6.63 billion reported in FY08. EPS for the year are expected to be down 1-6%, compared to adjusted-EPS of $2.74 last year.

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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Earnings, Guidance, Retail Sales