Darden restaurants q1 sales $1.53 billion versus refinitiv ibes estimate of $1.56 billion

Darden restaurants reports fiscal 2021 first quarter results; announces repayment of its term loan; reinstates a quarterly dividend; and provides fiscal 2021 second quarter outlook.q1 sales $1.53 billion versus refinitiv ibes estimate of $1.56 billion.sees q2 earnings per share $0.65 to $0.75 from continuing operations.q1 adjusted earnings per share $0.56 from continuing operations excluding items.q1 earnings per share estimate $0.05 -- refinitiv ibes data.qtrly reported diluted net earnings per share from continuing operations of $0.28.qtrly same-restaurant sales down 28.2% for olive garden.sees q2 of fiscal 2021 total sales of about 82% of prior year.darden restaurants -reiterated full year outlook for 35-40 net new restaurants and total capital spending of $250 to $300 million.negative blended same-restaurant sales of 29.0% in quarter.
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