Darden Restaurants (DRI $43.38 -4.35) issued downside guidance for the second quarter with EPS of $0.42, excluding non-recurring items, versus the $0.54 Capital IQ Consensus.
The company issued mixed guidance for fiscal year 2012 with EPS of +4-7% YoY calculating to approximately $3.54-3.65 versus the $3.79 Capital IQ Consensus and fiscal year 2012 revenues of +6-7% YoY calculating to approximately $7.95-8.03 billion versus the $7.99 billion consensus.
The company also reported that it anticipates combined U.S. same-restaurant sales growth for the second quarter to be approximately +1.8% for Red Lobster, Olive Garden and LongHorn Steakhouse.






