Darden Restaurants: Q4 beats consensus
(CercleFinance.com) - Darden Restaurants has reported Q4 2018-19 adjusted EPS that is up 26.
6% at 1.76 dollar, beating the consensus by three cents, with revenues up 4.5% at 2.23 billion dollars (+1.6% like-for-like).
Building on this performance, the group - which operates over 1,700 restaurants and has about 180,000 employees - has raised its quarterly dividend per share by 17% to 88 cents, to be paid on 1 August.
With adjusted EPS that is up 21% at 5.82 dollars and like-for-like revenue growth of 2.5% for the year, for 2019-20 it expects corresponding target ranges of 6.30-6.45 dollars and 1%-2% respectively.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6% at 1.76 dollar, beating the consensus by three cents, with revenues up 4.5% at 2.23 billion dollars (+1.6% like-for-like).
Building on this performance, the group - which operates over 1,700 restaurants and has about 180,000 employees - has raised its quarterly dividend per share by 17% to 88 cents, to be paid on 1 August.
With adjusted EPS that is up 21% at 5.82 dollars and like-for-like revenue growth of 2.5% for the year, for 2019-20 it expects corresponding target ranges of 6.30-6.45 dollars and 1%-2% respectively.
Copyright (c) 2019 CercleFinance.com. All rights reserved.