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Jefferies reiterated a Hold rating and $66.00 price target on Darden Restaurants (NYSE: DRI) as strong results continue through the company's 3Q. DRI reported adjusted EPS of $1.21, at the high end of DRI's pre-announced range. EPS was driven by +4% combined SSS, sales leverage across all segments... More
Darden Restaurants, Inc. (NYSE: DRI) announced that Jeffrey (Jeff) C. Smith has resigned from its Board of Directors effective April 4, 2016. Mr. Smith had served on the Board of Directors and as the Company's Chairman of the Board since October 2014. With the announcement of Mr. Smith's departure, the Board unanimously elected Charles (Chuck) M. Sonsteby, a current independent director, as Chairman. The Company now has ten directors.
"It is with mixed emotion that I leave the Board of Directors," said Smith. "I will thoroughly miss working with the capable and talented people... More
Darden Restaurants (NYSE: DRI) reported Q3 EPS of $1.21, $0.02 better than the analyst estimate of $1.19. Revenue for the quarter came in at $1.85 billion versus the consensus estimate of $1.84 billion.
Same-restaurant sales increased 6.2% for the fiscal quarter.
"Our strong same-restaurant sales reinforce that... More

