Darden Restaurants (DRI) Tops Q2 EPS by 5c, Offers FY Guidance
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Price: $154.55 +1.34%
Revenue Growth %: +6.4%
Financial Fact:
Income taxes: 40.3M
Today's EPS Names:
SFST, VLTO, CLIR, More
Revenue Growth %: +6.4%
Financial Fact:
Income taxes: 40.3M
Today's EPS Names:
SFST, VLTO, CLIR, More
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Darden Restaurants (NYSE: DRI) reported Q2 EPS of $1.12, $0.05 better than the analyst estimate of $1.07. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $2.06 billion.
GUIDANCE:
Darden Restaurants sees FY2020 EPS of $6.30-$6.45, versus the consensus of $6.40.
- Total sales growth of 5.3% to 6.3%, including approximately 2% growth related to the 53rd week
- Same-restaurant sales growth of 1% to 2%
- Approximately 50 gross and 44 net new restaurant openings
- Total capital spending of $450 to $500 million
- Total inflation of approximately 2.5%
- Effective tax rate of 10% to 11%
- Adjusted diluted net earnings per share from continuing operations of $6.30 to $6.45 including*:
- Approximately $0.15 related to the addition of the 53rd week
- Approximately -$0.05 related to the implementation of ASC-842 Lease Accounting
- Approximately 124 million weighted average diluted shares outstanding
For earnings history and earnings-related data on Darden Restaurants (DRI) click here.
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