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Last Update: 01-Jul-11 10:09 ET
Darden Restaurants Reports Fourth Quarter In-line
Darden Restaurants (DRI $51.74 +1.98) reported fourth quarter earnings
of $1.00 per share, excluding non-recurring items, in-line with the Capital IQ
Consensus Estimate consensus of $1.00.
Revenues rose 6.8% year/year to $1.99 billion versus the $1.99 billion
consensus.
Darden's Board of Directors also declared a quarterly dividend of 43 cents per
share, a 34% increase from the Company's previous quarterly dividend.
The company said, "We expect fiscal 2012 to be somewhat stronger but in many
ways much like 2011, with continued - albeit frustratingly slow - recovery in
the economy and in our industry."
