Darden Restaurants (DRI) Tops Q1 EPS by 10c, Raises FY EPS Guidance

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Get Alerts DRI Hot Sheet

Price: $201.10 -1.66%

EPS Growth %: +4.1%

Financial Fact:
Earnings from continuing operations: 0.89

Today's EPS Names:
CRMT, PKE, HELE, More

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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.

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