Darden beats on bottom line; full-year outlook a bit soft

• FQ4 same-restaurant sales up 2.6% Y/Y, includes 2.4% gain for Olive Garden, 3.7% for Capital Grille, 2.2% for LongHorn Steakhouse, 1.4% for Yard House, 2.7% for Eddie V's, 5% for Seasons 52, and 4.7% for Bahama Breeze.
• About 700K shares bought back during quarter for $45M. Another $315M remains under authorization.
• Fiscal 2017 outlook: Same-restaurant sales growth of 1-2%. EPS of $3.80-$3.90. Consensus is for $3.99.
• Conference call at 8:30 ET
• Previously: Darden Restaurants beats by $0.02, misses on revenue (June 30)
• DRI flat premarket