Darden Restaurants, Inc.

NYSE:DRI   12:14:02 PM EDT
137.52
-3.17 (-2.25%)
Dividends, Other Pre-Announcement

Darden Restaurants Reports Fiscal 2021 Second Quarter Results Announces Quarterly Dividend, Provides Fiscal 2021 Third Quarter Outlook

Published: 12/18/2020 12:17 GMT
Darden Restaurants, Inc. (DRI) - Darden Restaurants Reports Fiscal 2021 Second Quarter Results; Announces Quarterly Dividend; and Provides Fiscal 2021 Third Quarter Outlook.
Sees Q3 Earnings per Share $0.50 to $0.75 From Continuing Operations.
Q2 Revenue $1.66 Billion Versus Refinitiv Ibes Estimate of $1.68 Billion.
Qtrly Negative Blended Same-restaurant Sales of 20.6%.
Qtrly Diluted Net Earnings per Share From Continuing Operations Were $0.74.
Darden Restaurants - Reiterating Full Year Outlook for 35-40 Net New Restaurants & Total Capital Spending of $250 to $300 Million.
Sees Fiscal 2021 Q3 Total Sales Between 65% to 70% of Prior Year.
Sees Fiscal 2021 Q3 EBITDA of $170 to $210 Million.
Qtrly Same-restaurant Sales Down 19.9% for Olive Garden.
Q2 Earnings per Share View $0.71 -- Refinitiv Ibes Data (analyst estimates).
Q3 Earnings per Share View $1.34, Revenue View $2.00 Billion -- Refinitiv Ibes Data (analyst estimates).