Darden Restaurants (DRI) Tops Q2 EPS by 3c, Updates FY Guidance
Darden Restaurants (NYSE: DRI) reported Q2 EPS of $0.73, $0.03 better than the analyst estimate of $0.70. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.85 billion.
- Second Quarter Same-Restaurant Sales Growth Of 3.1%
Updated Fiscal 2018 Financial OutlookThe Company increased its financial outlook for Fiscal 2018 based on year-to-date results and its expected performance for the remainder of the fiscal year.
Current (12/19/17) | Prior (9/26/17) | |
Same-restaurant sales growth | Approx. 2% | 1.0% to 2.0% |
New restaurant openings | Approx. 40 | 35 to 40 |
Total sales growth | Approx. 13% | 11.5% to 13.0%  |
Effective Tax Rate | Approx. 25% | Approx. 26% |
Adjusted diluted net earnings per share from continuing operations* | $4.45 to $4.53 | $4.38 to $4.50 |
Diluted average common shares outstanding for the year | Approx. 126M | Approx. 127M |
* See \"Non-GAAP Information\" below for more details |
(Street sees FY EPS of $4.44
For earnings history and earnings-related data on Darden Restaurants (DRI) click here.