Plus   Neg

Darden Restaurants Inc. Q1 adjusted earnings Beat Estimates

Darden Restaurants Inc. (DRI) revealed earnings for its first quarter that rose from last year.

The company's earnings totaled $166.2 million, or $1.32 per share. This compares with $119.0 million, or $0.93 per share, in last year's first quarter.

Excluding items, Darden Restaurants Inc. reported adjusted earnings of $168.9 million or $1.34 per share for the period.

Analysts had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.2% to $2.06 billion from $1.94 billion last year.

Darden Restaurants Inc. earnings at a glance:

-Earnings (Q1): $168.9 Mln. vs. $125.5 Mln. last year.
-EPS (Q1): $1.34 vs. $0.99 last year.
-Analysts Estimate: $1.24
-Revenue (Q1): $2.06 Bln vs. $1.94 Bln last year.

Full year EPS guidance: $5.52 - $5.65

For comments and feedback contact: editorial@rttnews.com

Follow RTT