Darden Restaurants (DRI) Tops Q1 EPS by 6c; Boosts FY17 EPS Outlook; $500M Stock Buyback Approved
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Darden Restaurants Reports Fiscal 2017 First Quarter Results; Increases Earnings Outlook For The Full Fiscal Year; And Announces New Share Repurchase Authorization
October 4, 2016 7:00 AM EDTORLANDO, Fla., Oct. 4, 2016 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the first quarter ended August 28, 2016.
First Quarter 2017 Financial Highlights Versus Same Fiscal Quarter Last Year
Total sales from continuing operations increased 1.6% to $1.71 billion Reported diluted net earnings per share from continuing operations increased 39.7% to $0.88 and increased 29.4% from last year's adjusted diluted net earnings per share* The Company repurchased approximately $196 million of its outstanding common stock during the quarter Same-restaurant sales increased 1.3% for the... More