Darden Restaurants Reports Fiscal 2016 Second Quarter Results; Reports Positive Same-Restaurant Sales At All Brands; Increases Same-Restaurant Sales And Earnings Outlook For The Full Fiscal Year; Decl

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Go back to Darden Restaurants Reports Fiscal 2016 Second Quarter Results; Reports Positive Same-Restaurant Sales At All Brands; Increases Same-Restaurant Sales And Earnings Outlook For The Full Fiscal Year; Decl

RBC Capital Markets Raised Price Target on Darden Restaurants (DRI) to Reflect Share Repurchases

December 21, 2015 8:19 AM EST

RBC Capital Markets reiterated a Sector Perform rating on Darden Restaurants (NYSE: DRI), and raised the price target to $68.00 (from $62.00), on share repurchases. RBC raised FY16 and FY17 EPS estimates from $3.13 and $3.59 to $3.33 and $3.80 to reflect the share repurchases (up to $500M, RBCe in... More

Darden Restaurants (DRI) Lowers Quarterly Dividend 9.1% to $0.50; $500M Buyback

December 18, 2015 7:05 AM EST

Darden Restaurants (NYSE: DRI) declared a quarterly dividend of $0.50 per share, or $2 annualized. This is a 9.1% decrease from the prior dividend of $0.55. The dividend is a 14% increase compared to the minimum quarterly dividend of $0.4375 disclosed on November 9, 2015. The dividend will be payable on February 1, 2016, to... More

Darden Restaurants (DRI) Tops Q2 EPS by 12c, Sales Roughly In-Line

December 18, 2015 7:02 AM EST

Darden Restaurants (NYSE: DRI) reported Q2 EPS of $0.54, $0.12 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.62 billion.

Same-restaurant sales increased 1.6% for the fiscal quarter.

"We saw continued momentum this quarter, with all our brands once again... More