Darden Restaurants (DRI) Tops Q1 EPS by 51c, Revenues Miss; Offers 2Q EPS Guidance Above Consensus

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Go back to Darden Restaurants (DRI) Tops Q1 EPS by 51c, Revenues Miss; Offers 2Q EPS Guidance Above Consensus

Darden Restaurants Reports Fiscal 2021 First Quarter Results; Announces Repayment of its Term Loan; Reinstates a Quarterly Dividend; And Provides Fiscal 2021 Second Quarter Outlook

September 24, 2020 7:00 AM EDT

ORLANDO, Fla., Sept. 24, 2020 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the first quarter ended August 30, 2020.

First Quarter 2021 Financial Highlights, Comparisons to First Quarter Last Year

Total sales of $1.53 billion, a decrease of 28.4% driven by negative blended same-restaurant sales of 29.0% and partially offset by the addition of 14 net new restaurants Same-restaurant sales by segment:

(28.2)% for Olive... More