Darden Restaurants (DRI) PT Raised at Jefferies Post Q4

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Go back to Darden Restaurants (DRI) PT Raised at Jefferies Post Q4

Darden Restaurants, Inc. (DRI) Raises Quarterly Dividend 10% to $0.55; 4.3% Yield

June 21, 2013 7:01 AM EDT

Darden Restaurants, Inc. (NYSE: DRI) declared a quarterly dividend of $0.55 per share, or $2.2 annualized. This is a 10% increase from the prior dividend of $0.50.

The dividend will be payable on August 1, 2013, to stockholders of record on July 10, 2013, with an ex-dividend date of July 8, 2013.... More

Darden Restaurants (DRI) Misses Q4 EPS Views; Boosts Dividend; Guides FY14

June 21, 2013 7:01 AM EDT

(Updated - June 21, 2013 7:18 AM EDT)

Darden Restaurants, Inc. (NYSE: DRI) reported Q4 EPS of $1.02, versus the analyst estimate of $1.04. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.27 billion.

The increase reflects blended same-restaurant sales growth of 2.2 percent for Olive Garden, Red Lobster and LongHorn Steakhouse, same restaurant-sales growth of 2.3 percent for the Company's Specialty Restaurant Group, the addition of 44 Yard House restaurants (including the 40 restaurants that were acquired and four that were opened following acquisition) and the operation of another 100 net new restaurants compared to the... More