Darden restaurants reports q4 loss per share $3.85

Darden restaurants reports fiscal 2020 fourth quarter and full year results; and provides fiscal 2021 first quarter outlook.q4 sales $1.27 billion versus refinitiv ibes estimate of $1.24 billion.q4 adjusted non-gaap loss per share $1.24 excluding items.q4 earnings per share estimate $-1.71 -- refinitiv ibes data.q4 loss per share $3.85.darden restaurant - q1 to date through june 21, darden blended same-restaurant sales declined 33.2%.darden restaurant - expects to open 35-40 net new restaurants and have total capital spending of $250 to $300 million in 2021.sees q1 total sales of approximately 70% of prior year sales.sees q1 net eps from continuing operations greater than or equal to $0.00.darden restaurant - qtrly same store sales for olive garden down 39.2%.darden restaurant - qtrly same restaurant sales for cheddar's scratch kitchen down 58.5%.darden restaurant - qtrly negative blended same-restaurant sales of 47.7%.darden restaurants - with over $750 million of cash on hand as of june 22 & access to $750 million credit facility, has access to over $1.5 billion of liquidity.q1 earnings per share view $-0.27, revenue view $1.63 billion -- refinitiv ibes data.
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