Darden Restaurants Reports Fiscal 2017 Fourth Quarter And Full Year Results; Fourth Quarter Same-Restaurant Sales Growth Of 3.3%; And Increases Quarterly Dividend 12.5%

Reported diluted net earnings per share from continuing operations decreased 10.0% to $0.99 and were negatively impacted by $0.19 due to: A non-cash accounting charge of approximately $0.10...

June 27, 2017

1 minute read

Reported diluted net earnings per share from continuing operations decreased 10.0% to $0.99 and were negatively impacted by $0.19 due to: A non-cash accounting charge of approximately $0.10 related to the early settlement of a portion of our pension plan commitments, Approximately $0.09 of transaction and integration expenses related to the April 24, 2017 acquisition of Cheddar’s Scratch Kitchen, Adjusted diluted net earnings per share from continuing operations increased 7.3% to $1.18, The Company repurchased approximately $15 million of its outstanding common stock.

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