Darden Restaurants Reports Fiscal 2016 First Quarter Results; Same-restaurant Sales Increased 3.4%, All Brands Positive; Increases Earnings Outlook For The Full Fiscal Year

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Go back to Darden Restaurants Reports Fiscal 2016 First Quarter Results; Same-restaurant Sales Increased 3.4%, All Brands Positive; Increases Earnings Outlook For The Full Fiscal Year

RBC Capital Reiterates Sector Perform on Darden Restaurants (DRI) Following Sum of Parts Analysis

September 23, 2015 8:27 AM EDT

RBC Capital reiterated a Sector Perform and $74.00 price target on Darden Restaurants (NYSE: DRI) following a sum of parts analysis. Analyst David Palmer estimates that Olive Garden and LongHorn outperformed the industry by 180bps and 350bps in F1Q, respectively.

Palmer... More

Darden Restaurants (DRI) Tops Q1 EPS by 11c; Boosts FY16 EPS Outlook

September 22, 2015 7:07 AM EDT

Darden Restaurants (NYSE: DRI) reported Q1 EPS of $0.68, $0.11 better than the analyst estimate of $0.57. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.67 billion.

Same-restaurant sales increased 3.4% for the quarter.

Darden Restaurants sees FY2016 EPS of $3.15-$3.30, versus... More