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BRIEF-Darden Restaurants Q1 EPS $1.76 From Continuing Operations

Reuters logo Reuters 9/23/2021

Sept 23 (Reuters) - Darden Restaurants Inc:

* DARDEN RESTAURANTS REPORTS FISCAL 2022 FIRST QUARTER RESULTS; DECLARES QUARTERLY DIVIDEND; ANNOUNCES ADDITIONAL $750 MILLION SHARE REPURCHASE AUTHORIZATION; AND INCREASES FISCAL 2022 OUTLOOK

* Q1 EARNINGS PER SHARE $1.76 FROM CONTINUING OPERATIONS

* Q1 SALES $2.31 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.24 BILLION

* Q1 EARNINGS PER SHARE ESTIMATE $1.65 -- REFINITIV IBES DATA

* DARDEN RESTAURANTS REPORTS FISCAL 2022 FIRST QUARTER RESULTS; DECLARES QUARTERLY DIVIDEND; ANNOUNCES ADDITIONAL $750 MILLION SHARE REPURCHASE AUTHORIZATION; AND INCREASES FISCAL 2022 OUTLOOK

* DARDEN RESTAURANTS REPORTS FISCAL 2022 FIRST QUARTER RESULTS; DECLARES QUARTERLY DIVIDEND; ANNOUNCES ADDITIONAL $750 MILLION SHARE REPURCHASE AUTHORIZATION; AND INCREASES FISCAL 2022 OUTLOOK

* SEES FISCAL 2022 SAME-RESTAURANT SALES VERSUS. FISCAL 2021 OF 27% TO 30%

* SEES 2022 TOTAL SALES OF APPROXIMATELY $9.4 TO $9.6 BILLION

* SEES 2022 DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS OF $7.25 TO $7.60

* FY2022 EARNINGS PER SHARE VIEW $7.43, REVENUE VIEW $9.41 BILLION -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:

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