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

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

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

March 19, 2020 7:00 AM EDT

ORLANDO, Fla., March 19, 2020 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the third quarter ended February 23, 2020.

Third Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

Total sales increased 4.5% to $2.35 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 2.3% Same-restaurant sales by brand:

+2.1% for Olive... More