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Stock Market & Financial Investment News

News Breaks
February 22, 2013
08:32 EDTDRIDarden sees FY13 EPS $3.06-$3.22, consensus $3.37
The company anticipates total sales growth for the year of between +6% and +7%, which reflects combined U.S. same-restaurant sales for the year for Red Lobster, Olive Garden and LongHorn Steakhouse that is now expected to be between -1.5% to -2.5%, incremental sales starting in fiscal September from the acquisition of Yard House and the addition of approximately 105 net new restaurants this year, not including the initial 40 Yard House restaurants in operation when the acquisition was completed.
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