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Stock Market & Financial Investment News

News Breaks
September 20, 2013
08:46 EDTDRIDarden sees SSS for casual dining industry flat for rest of year
Darden said its blended same restaurant sales expectations for its three large brands assumes that same restaurant sales for the casual dining industry rebounds from its Q1. The company noted that its outlook assumes that comparable sales for the industry are flat for the balance of the year. The company noted that the Thanksgiving week, which is a soft sales week, falls in its fiscal Q3 this year, as compared to Q2 last year. The company sees the Thanksgiving shift to benefit Q2 blended same restaurant sales by approximately 100 basis points, and hurt Q3 blended same restaurant sales by a similar amount. Comments from Q1 earnings conference call.
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February 23, 2015
11:51 EDTDRIOpco reiterates Darden as a top idea after CEO news
Oppenheimer reiterates Darden as a top idea after the company removed the temporary status of CEO Gene Lee. Opco views the development as an incremental positive and reiterates an Outperform rating on the name.
08:12 EDTDRIDarden board appoints Eugene Lee to CEO effective immediately
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