Mega restaurant group Darden Restaurants, Inc., recently detailed the results of its financial report for its second quarter fiscal 2019, a period ending in Nov. 25, 2018. For the company, the 2018 calendar year was a year of new restaurant expansion and stock repurchasing, setting the stage for a productive 2019.
"We had another quarter of strong and steady performance by continuing to focus on being brilliant with the basics in our restaurants," said CEO Gene Lee, in a press release. "We continued to grow market share profitably by strengthening and leveraging our competitive advantages, and our brands are making the appropriate investments while managing costs effectively."
Highlights from Darden's Q2 fiscal 2019 include:
Darden has updated its fiscal 2019 forecast for same-restaurant sales growth to roughly 2.5%, and its outlook for diluted net earnings per share from continuing operations range between $5.60 and $5.70.
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