Darden Restaurants Inc. Reveals 13% Rise In Q1 Earnings

(RTTNews) - Darden Restaurants Inc. (DRI) reported earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line rose to $125.5 million, or $0.99 per share. This was up from $111.1 million, or $0.88 per share, in last year's first quarter.

Analysts had expected the company to earn $0.99 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.5% to $1.94 billion. This was up from $1.71 billion last year.

Darden Restaurants Inc. earnings at a glance:

-Earnings (Q1): $125.5 Mln. vs. $111.1 Mln. last year. -Earnings Growth (Y-o-Y): 13.0% -EPS (Q1): $0.99 vs. $0.88 last year. -EPS Growth (Y-o-Y): 12.5% -Analysts Estimate: $0.99 -Revenue (Q1): $1.94 Bln vs. $1.71 Bln last year. -Revenue Change (Y-o-Y): 13.5%

-Guidance: Full year revenue guidance: $4.38 to $4.50