Company says winter weather hurting 3Q sales
Darden Restaurants Inc. raised its outlook for the year based on new cost projections, but said severe weather was hurting sales in the third quarter. The company said Monday that 2011 earnings from continuing operations are now expected to increase 17 percent to 18 percent from 2010 earnings of $2.86 per share. Darden had earlier projected earnings growth between 14 percent and 17 percent. The earnings outlook is based on projections of a blended same-store sales increase between 1.5 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!