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DRI will report 1Q10 EPS after the market closes. Importantly, Darden is one of the first casual dining companies to report June, July and August numbers.  Consensus estimates for same-store sales: Blended (2.6%), Olive Garden (1.2%), Red Lobster (2.3%), LongHorn Steakhouse (6.5%), Capital Grill (16.4%) and Bahama Breeze (5.1%).

DRI did not provide same-store sales guidance for the first quarter, but said that comparable sales growth at Olive Garden, Red Lobster and LongHorn Steakhouse on a blended basis would be flat to down 2% for the full-year. 

Please see Sept 1 post titled “DRI – A Closer Look At the Numbers” for more details.

RESTAURANTS TODAY - qsr

RESTAURANTS TODAY - fsr