Darden Restaurants, Inc.

NYSE:DRI   3:59:48 PM EDT
95.44
-4.09 (-4.11%)
4:00:00 PM EDT: $95.33 -0.11 (-0.12%)
Other Pre-Announcement

Darden Restaurants Q1 Sales $1.53 Billion Versus Refinitiv IBES Estimate Of $1.56 Billion

Published: 09/24/2020 11:11 GMT
Darden Restaurants Inc (DRI) - 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.
Q1 Sales $1.53 Billion Versus Refinitiv Ibes Estimate of $1.56 Billion.
Sees Q2 Earnings per Share $0.65 to $0.75 From Continuing Operations.
Q1 Adjusted Earnings per Share $0.56 From Continuing Operations Excluding Items.
Q1 Earnings per Share Estimate $0.05 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Reported Diluted Net Earnings per Share From Continuing Operations of $0.28.
Qtrly Same-restaurant Sales Down 28.2% for Olive Garden.
Sees Q2 of Fiscal 2021 Total Sales of About 82% of Prior Year.
Darden Restaurants -reiterated Full Year Outlook for 35-40 Net New Restaurants and Total Capital Spending of $250 to $300 Million.
Negative Blended Same-restaurant Sales of 29.0% in Quarter.