Darden Restaurants (DRI) Tops Q1 EPS by 10c, Raises FY EPS Guidance
Darden Restaurants (NYSE: DRI) reported Q1 EPS of $1.34, $0.10 better than the analyst estimate of $1.24. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $2.03 billion.
- Blended same-restaurant sales increased 3.3%
GUIDANCE:
Darden Restaurants sees FY2019 EPS of $5.52-$5.65, versus the consensus of $5.55.
Current (09/20/18) | Prior (06/21/18) | |
Same-restaurant sales growth | 2.0% to 2.5% | 1.0% to 2.0% |
Total sales growth | 5.0% to 5.5% | 4.0% to 5.0%  |
Effective tax rate | 10% to 11% | 11% to 12% |
Diluted net earnings per share from continuing operations | $5.52 - $5.65 | $5.40 - $5.56 |
Diluted average common shares outstanding for the year | Approx. 126M | Approx. 125M |
For earnings history and earnings-related data on Darden Restaurants (DRI) click here.