Edition:
United Kingdom

Darden Q4 Same-Restaurant Sales Grow 2.2 Pct


Thursday, 21 Jun 2018 

June 21 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS REPORTS FISCAL 2018 FOURTH QUARTER AND FULL YEAR RESULTS; FOURTH QUARTER SAME-RESTAURANT SALES GROWTH OF 2.2%; INCREASES QUARTERLY DIVIDEND 19% TO $0.75; AND PROVIDES FISCAL 2019 OUTLOOK.Q4 SALES $2.13 BILLION VERSUS I/B/E/S VIEW $2.13 BILLION.SEES FY 2019 EARNINGS PER SHARE $5.40 TO $5.56 FROM CONTINUING OPERATIONS.Q4 ADJUSTED EARNINGS PER SHARE $1.39 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE VIEW $1.35 -- THOMSON REUTERS I/B/E/S.SEES FY2019 SAME-RESTAURANT SALES GROWTH OF 1.0% TO 2.0%.QTRLY OLIVE GARDEN SALES $1,067.9 MILLION VERSUS $1,027.3 MILLION.SEES FY2019 TOTAL SALES GROWTH OF 4.0% TO 5.0%.SEES FY2019 TOTAL CAPITAL SPENDING OF $425 MILLION TO $475 MILLION.QTRLY U.S. SAME-RESTAURANT SALES FOR OLIVE GARDEN ROSE 2.4 PERCENT.BOARD INCREASED QUARTERLY DIVIDEND 19% TO $0.75 PER COMMON SHARE.QTRLY REPORTED DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS $1.40.QTRLY SAME-RESTAURANT SALES FOR CHEDDAR'S SCRATCH KITCHEN WERE DOWN 4.7 PERCENT.BOARD AUTHORIZED A NEW SHARE REPURCHASE PROGRAM OF UP TO $500 MILLION.ESTIMATES THAT SEVERE WINTER WEATHER NEGATIVELY IMPACTED SAME-RESTAURANT SALES BY -30 BASIS POINTS IN Q4.Q4 EARNINGS PER SHARE VIEW $1.35, REVENUE VIEW $2.13 BILLION -- THOMSON REUTERS I/B/E/S.FY EARNINGS PER SHARE VIEW $5.41 -- THOMSON REUTERS I/B/E/S.