Darden Restaurants, Inc. (DRI) Misses Q1 EPS Views; Comps Up 0.5%
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Price: $155.90 +0.87%
EPS Growth %: +1.6%
Financial Fact:
Depreciation and amortization: 66.8M
Today's EPS Names:
SFST, VLTO, CLIR, More
EPS Growth %: +1.6%
Financial Fact:
Depreciation and amortization: 66.8M
Today's EPS Names:
SFST, VLTO, CLIR, More
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Darden Restaurants, Inc. (NYSE: DRI) reported Q1 EPS of $0.53, $0.17 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.2 billion..
The increase reflects same restaurant-sales growth of 0.5% for the Company's Specialty Restaurant Group, the addition of 46 Yard House restaurants (including the 40 restaurants that were acquired in the second quarter of last year and six that have been opened since the acquisition) and the operation of another 103 net new restaurants compared to the first quarter last year, offset by a blended same-restaurant sales decline of 3.3% for Olive Garden, Red Lobster and LongHorn Steakhouse. In the first quarter, U.S. same-restaurant sales increased 3.2% at LongHorn Steakhouse, and declined 4.0% at Olive Garden and 5.2% at Red Lobster.
For earnings history and earnings-related data on Darden Restaurants, Inc. (DRI) click here.
The increase reflects same restaurant-sales growth of 0.5% for the Company's Specialty Restaurant Group, the addition of 46 Yard House restaurants (including the 40 restaurants that were acquired in the second quarter of last year and six that have been opened since the acquisition) and the operation of another 103 net new restaurants compared to the first quarter last year, offset by a blended same-restaurant sales decline of 3.3% for Olive Garden, Red Lobster and LongHorn Steakhouse. In the first quarter, U.S. same-restaurant sales increased 3.2% at LongHorn Steakhouse, and declined 4.0% at Olive Garden and 5.2% at Red Lobster.
For earnings history and earnings-related data on Darden Restaurants, Inc. (DRI) click here.
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