The company estimates EPS was hit by about $0.13, with $0.07 of that from severe winter and $0.06 related to the implementation of its new strategic plan.
Winter weather? Same-Restaurant Traffic at Olive Garden -4.6% in January, -4.9% in February. For Red Lobster, -18.7% and -11.9%, for LongHorn Steakhouse +0.7% and -0.4%.
Full year fiscal 2014 guidance of a 15-20% decline in EPS, excluding any costs from the new strategic plan.