trending Market Intelligence /marketintelligence/en/news-insights/trending/4RShkQ-Qvdo_dbMapQLtLQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Darden Restaurants shares rise on 3rd FY'19 outlook increase, Q3 earnings beat

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Darden Restaurants shares rise on 3rd FY'19 outlook increase, Q3 earnings beat

Darden Restaurants Inc. said March 21 it now expects fiscal 2019 diluted net EPS from continuing operations to come in the range of $5.76 to $5.80, up from the $5.60 to $5.70 range it gave in December 2018 and its third EPS outlook increase.

The company previously raised its EPS range to $5.52 to $5.65 in September from a prior range of $5.40 to $5.56 in June as it reported full-year fiscal 2018 results.

The Orlando, Fla.-based restaurant operator also updated its total sales forecast to a growth of approximately 5.5% year over year, from the prior forecast of a 5% to 5.5% increase. Darden Restaurants also narrowed its same-restaurant sales growth guidance to 2.5% to 2.7%, from an increase of about 2.5% provided during the company's fiscal second-quarter earnings release.

The full-year guidance boost comes as the owner of restaurants like Olive Garden, LongHorn Steakhouse and The Capital Grille posted strong results for the third quarter of 2019 that "exceeded the industry," driven by profit growth across all of its restaurant brands.

For the three months ended Feb. 24, Darden Restaurants' adjusted diluted net EPS of $1.80 grew 5.3% from $1.71 in the fiscal third quarter of 2018 and exceeded the S&P Global Market Intelligence consensus normalized EPS estimate of $1.75.

Total sales for the quarter also increased 5.5% to $2.25 billion from $2.13 billion in the same period a year prior, driven by 39 net new restaurant openings and blended same-restaurant sales growth of 2.8%.

The company's board also declared a regular cash dividend of 75 cents per share payable on May 1 to shareholders of record at the close of business April 10, unchanged from the previous quarter.

Shares of Darden Restaurants closed at $116.11 on March 21, up 6.87%.