Darden Restaurants (DRI) Tops Q2 EPS by 1c, Revenues Miss; Updated FY19 EPS Guidance In-Line with Consensus

Darden Restaurants (NYSE: DRI) reported Q2 EPS of $0.92, $0.01 better than the analyst estimate of $0.91. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.98 billion.

"We had another quarter of strong and steady performance by continuing to focus on being brilliant with the basics in our restaurants," said CEO Gene Lee. "We continued to grow market share profitably by strengthening and leveraging our competitive advantages, and our brands are making the appropriate investments while managing costs effectively."

GUIDANCE:

Darden Restaurants sees FY2019 EPS of $5.60-$5.70, versus the consensus of $5.65.

For earnings history and earnings-related data on Darden Restaurants (DRI) click here.

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