Seeking Alpha

Darden traffic takes hit from weather

  • 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.
  • Press release, FQ3 results
  • DRI -0.2%
Comments (1)
  • Chris DeMuth Jr.
    , contributor
    Comments (4041) | Send Message
     
    Blame It On The Rain... again:

     

    http://seekingalpha.co...
    21 Mar, 08:40 AM Reply Like
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