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Darden Restaurants Reports Fiscal 2016 Second Quarter Results; Reports Positive Same-Restaurant Sales At All Brands; Increases Same-Restaurant Sales And Earnings Outlook For The Full Fiscal Year; Declares Updated Dividend; And Announces Share Repurchase Authorization
Total sales from continuing operations increased 3.2% to $1.61 billion. Adjusted diluted net earnings per share from continuing operations increased 92.9% to $0.54. On a reported basis, diluted...
Total sales from continuing operations increased 3.2% to $1.61 billion. Adjusted diluted net earnings per share from continuing operations increased 92.9% to $0.54. On a reported basis, diluted net earnings per share from continuing operations were $0.23 and were negatively impacted by approximately $0.31, primarily related to the implementation of the Company’s strategic real estate plan. Same-restaurant sales increased 1.6% for the fiscal quarter.
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