RESTAURANTS TODAY

09/29/09 09:43AM EDT

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.

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