Darden Restaurants (DRI) Tops Q4 EPS by 2c; Comps Growth Outpaces; FY17 EPS Outlook Light of Views
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Darden Restaurants Reports Fiscal 2016 Fourth Quarter And Full Year Results; Reports Positive Same-Restaurant Sales For All Brands; Increases Quarterly Dividend; And Provides Fiscal 2017 Outlook
June 30, 2016 7:13 AM EDTORLANDO, Fla., June 30, 2016 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the fourth quarter and fiscal year ended May 29, 2016. The fourth quarter of last year included an extra week of operations resulting in a 53 week fiscal 2015.Â
Fourth Quarter 2016 Financial Highlights Versus Same Fiscal Quarter Last Year
Due to the impact of the extra week of operations included in the fourth quarter of fiscal 2015, total sales from continuing operations decreased 4.7% to $1.79 billion; excluding the impact of the extra week, total sales from continuing operations increased... More