Darden Restaurants (DRI) Tops Q4 EPS by 3c, Offers FY18 Guidance

Darden Restaurants (NYSE: DRI) reported Q4 EPS of $1.18, $0.03 better than the analyst estimate of $1.15. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.86 billion.

• Same-restaurant sales increased 3.3% for the quarter, excluding Cheddar's Scratch Kitchen

Fiscal 2018 Financial Outlook

• Same-restaurant sales growth of 1.0% to 2.0%
• New restaurant openings of 35 to 40 restaurants
• Total sales growth of 11.5% to 13.0%
• Total capital spending of $400 to $450 million
• Total inflation of approximately 2.0%
• Adjusted diluted net earnings per share from continuing operations of $4.38 to $4.50, excluding approximately $0.06 to $0.08 of Cheddar's integration related expenses*
• Approximately 127 million diluted average common shares outstanding for the year

* See the "Non-GAAP Information" below for more details

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

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