Darden Restaurants Reports Fiscal 2017 First Quarter Results; Increases Earnings Outlook For The Full Fiscal Year; And Announces New Share Repurchase Authorization

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Go back to Darden Restaurants Reports Fiscal 2017 First Quarter Results; Increases Earnings Outlook For The Full Fiscal Year; And Announces New Share Repurchase Authorization

Oppenheimer Reiterates Outperform on Darden Restaurants (DRI) Following 1Q Report

October 5, 2016 9:51 AM EDT

Oppenheimer reiterated an Outperform rating and $70.00 price target on Darden Restaurants (NYSE: DRI) following the company's 1Q earnings report. DRI reported EPS of $0.88, ahead of the Street's $0.82 estimate. Management raised F17E EPS guidance to $3.87-$3.97 (was $3.80-$3.90), vs. Street's $3.87.

Analyst Brian Bittner... More

RBC Capital Reiterates Sector Perform on Darden Restaurants (DRI) Following 1Q Report

October 5, 2016 6:57 AM EDT

RBC Capital reiterated a Sector Perform rating and $70.00 price target on Darden Restaurants (NYSE: DRI) following the company's 1Q earnings report. DRI reported asset disposal gains and sooner than expected share repurchases, which totaled $196 million during the quarter. RBC adjusted FY17 EPS estimates to... More

Darden Restaurants (DRI) Tops Q1 EPS by 6c; Boosts FY17 EPS Outlook; $500M Stock Buyback Approved

October 4, 2016 7:06 AM EDT

Darden Restaurants (NYSE: DRI) reported Q1 EPS of $0.88, $0.06 better than the analyst estimate of $0.82. Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.72 billion.

Same-restaurant sales increased 1.3% for the quarter.

Stock Buyback News:

During the... More