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Darden Restaurants lifts outlook, EPS up 39.7%

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Staff Writer | October 4, 2016
Darden Restaurants lifted its outlook for fiscal 2017 net earnings per share to $3.87 to $3.97 from previous estimate of $3.80 to $3.90.
Darden Restaurants
Darden Restaurants   Total sales increased 1.6%
The company continues to expect annual same-restaurant sales growth of approximately 1.0% to 2.0%.

In its first quarter, Darden Restaurants net earnings increased to $110.2 million from last year's $86.4 million. Earnings per share from continuing operations increased 39.7% to $0.88. Excluding last year's adjustments, earnings per share grew 29.4%.

Total sales from continuing operations increased 1.6% to $1.71 billion from $1.69 billion a year ago. Darden Restaurants same-restaurant sales increased 1.3% for the quarter.