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.
