Friday, December 18, 2009

Darden Restaurants Reports Second Quarter Diluted Net Earnings Per Share of 43 Cents

Second quarter sales from continuing operations were $1.64 billion, compared to $1.67 billion in the prior year, a 1.6% decrease. Blended same-restaurant sales for Olive Garden, Red Lobster and LongHorn Steakhouse were down 4.7% this quarter. Excluding the impact of the Thanksgiving holiday week, which was in the fiscal second quarter this year but the fiscal third quarter last year, blended same-restaurant sales were down 3.9%, which compares to an estimated decline of 5.9% for the Knapp-Track(TM) benchmark of U.S. same-restaurant sales, excluding Darden.

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