Darden Restaurants, Inc. (DRI) Tops Q1 EPS by 1c

Darden Restaurants, Inc. (NYSE: DRI) reported Q1 EPS of $0.85, $0.01 better than the analyst estimate of $0.84. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $2.03 billion.

The increase reflects same-restaurant sales growth of 2.2% for the Company's Specialty Restaurant Group, the acquisition of 11 Eddie V's restaurants on November 14, 2011, and the addition and operation of another 92 net new restaurants compared to the first quarter last year, offset by a combined same-restaurant sales decline of 0.3% for Olive Garden, Red Lobster and LongHorn Steakhouse. In the first quarter, U.S. same-restaurant sales increased 3.6% at LongHorn Steakhouse and 0.3% at Olive Garden, and declined 2.6% at Red Lobster.

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

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