Friday, June 22, 2012

Earning Alert - Darden Restaurants (DRI): Q1 EPS of $1.15 in-line. Revenue of $2.07B (+3.8% Y/Y) misses by $40M.- 6/22/12

Darden Restaurants (DRI): Q1 EPS of $1.15 in-line. Revenue of $2.07B (+3.8% Y/Y) misses by $40M.

Shares of Darden Restaurants (DRI) trade 2.5% lower after missing with its top-line in FQ4 and issuing FY13 same-restaurant sales estimates for its three biggest chains a shade below previously announced targets. The company upped its dividend payout to $0.50 a share, bringing DRI's yield up to 3.96%

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