Darden Restaurants Reports Fiscal 2020 Third Quarter Results; Suspends Quarterly Dividend; Withdraws its Full Year Financial Outlook For Fiscal 2020; And Comments On Other Liquidity Matters

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Go back to Darden Restaurants Reports Fiscal 2020 Third Quarter Results; Suspends Quarterly Dividend; Withdraws its Full Year Financial Outlook For Fiscal 2020; And Comments On Other Liquidity Matters

Darden Restaurants (DRI) Tops Q3 EPS by 2c, Revenues Beat; Withdraws Guidance, Suspends Dividend

March 19, 2020 7:03 AM EDT

Darden Restaurants (NYSE: DRI) reported Q3 EPS of $1.90, $0.02 better than the analyst estimate of $1.88. Revenue for the quarter came in at $2.35 billion versus the consensus estimate of $2.32 billion.

Suspends Quarterly Dividend; Withdraws its Full Year Financial Outlook For Fiscal 2020.

The Board of Directors has suspended the quarterly cash dividend. The Board made this determination due to uncertainty driven by the significant reduction in effective... More