Darden Restaurants (DRI) Tops Q2 EPS by 1c, Boosts Low End of FY15 EPS Guidance

Darden Restaurants (NYSE: DRI) reported Q2 EPS of $0.28, $0.01 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.55 billion.

Comparable same-restaurant sales for the quarter were:

• • +0.5% for Olive Garden,
  • +2.6% for LongHorn Steakhouse,
  • +5.0% for The Capital Grille,
  • +4.9% for Eddie V's,
  • +3.7% for Yard House,
  • +1.2% for Seasons 52, and
  • -0.6% for Bahama Breeze

Fiscal 2015 Second Quarter Operating Summary and U.S. Same-Restaurant Sales (SRS) Results

Darden Restaurants sees FY2015 EPS of $2.25-$2.30, versus prior guidance of $2.22-$2.30 and the consensus of $2.26.

For earnings history and earnings-related data on Darden Restaurants (DRI) click here.

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