Analyst Research

Report Title Price
Provider: Stock Traders Daily
$20.00
Provider: Pechala's Reports
$15.00
Provider: Pechala's Reports
$25.00
Provider: Stock Traders Daily
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Darden Restaurants Inc Issues Q3 2013 EPS Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance


Friday, 22 Feb 2013 08:30am EST 

Darden Restaurants Inc announced that it expects diluted net earnings per share from continuing operations for the third quarter of 2013, to be approximately $1.00 to $1.02. Based on estimated results for third quarter, it has updated financial outlook for fiscal 2013 and anticipates total sales growth of between +6% and +7%, which reflects combined U.S. same-restaurant sales for the year for Red Lobster, Olive Garden and LongHorn Steakhouse that is now expected to be between -1.5% to -2.5%, incremental sales starting in fiscal September from the acquisition of Yard House. The Company expects diluted net earnings per share from continuing operations for fiscal 2013 to be between $3.06 to $3.22, which includes approximately 9 cents of transaction and closing costs associated with the purchase of Yard House. The Company reported revenue of $7.999 billion and EPS of $3.58 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $8.593 billion and EPS of $3.37 for fiscal 2013; EPS of $1.13 for the third quarter of 2013. 

Company Quote

51.19
0.84 +1.67%
19 Sep 2014