Darden Restaurants Reports Fiscal 2016 First Quarter Results; Same-restaurant Sales Increased 3.4%, All Brands Positive; Increases Earnings Outlook For The Full Fiscal Year

Total sales from continuing operations increased 5.7% to $1.69 billion. Adjusted earnings per diluted share from continuing operations increased 112.5% to $0.68. On a reported basis, earnings per...

September 22, 2015

1 minute read

Total sales from continuing operations increased 5.7% to $1.69 billion. Adjusted earnings per diluted share from continuing operations increased 112.5% to $0.68. On a reported basis, earnings per diluted share from continuing operations were $0.63 and were negatively impacted by approximately $0.05 related to the ongoing implementation of the Company’s strategic real estate plan. Net earnings were $86.4 million compared to the $503.2 million last year, which included the gain on the sale of discontinued operations. Same-restaurant sales increased 3.4% for the quarter.

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