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Darden Restaurants Issues Q4 Guidance

Darden Restaurants, Inc. (DRI) said, for the fourth quarter, the company expects: total sales of approximately $2.1 billion; EBITDA between $345 to $360 million; and net earnings per share from continuing operations of $1.60 to $1.70.

Third quarter reported net earnings per share from continuing operations were $0.98 compared to reported net earnings per share of $1.90, prior year. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.69, for the quarter. Analysts' estimates typically exclude special items.

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by RTTNews Staff Writer

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