Darden Restaurants (DRI) Reports U.S. Same-Restaurant Sales for September
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Price: $221.60 +1.67%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3%
Revenue Growth %: +7.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3%
Revenue Growth %: +7.0%
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Darden Restaurants, Inc., (NYSE: DRI) reported U.S. same-restaurant sales results for the five- week September fiscal month ended October 1, 2006. This period is the first month of Darden's fiscal 2007 second quarter.
Same-restaurant sales at Olive Garden increased 5% to 6% for fiscal September, which reflected a 4% to 5% increase in guest counts and an approximate 1% increase in check average.
Same-restaurant sales at Red Lobster increased 2% to 3% for fiscal September, mainly attributed to an increase in check average, with slightly positive traffic. The check average increase was a result of a 1% to 2% increase in pricing.
Same-restaurant sales at Olive Garden increased 5% to 6% for fiscal September, which reflected a 4% to 5% increase in guest counts and an approximate 1% increase in check average.
Same-restaurant sales at Red Lobster increased 2% to 3% for fiscal September, mainly attributed to an increase in check average, with slightly positive traffic. The check average increase was a result of a 1% to 2% increase in pricing.
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