Established 1999
     
8,000 companies from USA and India.  
   
Search over 25,500 news articles and 8,000 companies earnings    
 
Earnings Calls: 
Darden Restaurants Earnings Call, Fourth Quarter 2008
Author: Godwin Gwetu
123jump.com
Last Update: 2:37 AM EDT July 08 2008

123Jump:


(Continued)

Email article | Print article

The restaurant company reported Q4 sales from continuing of $1.83 billion versus $1.46 billion in the year ago quarter. The sales increase was fueled by sales from LongHorn Steakhouse and The Capital Grille brands and strong new and same-restaurant sales growth at Olive Garden. The Q4 diluted net earnings per share from continuing operations increased 7% to 72 cents versus 67 cents in the fourth quarter fiscal 2007. The company expects to open about 75 to 80 net new restaurants in fiscal 2009.


Investors Question and Answers

 
 Company Website Links:
Investor Relations Financial Info Corporate / History Profile Executives Products Services
 
You need to upgrade your Flash Player


You need to upgrade your Flash Player

 
Clarence Otis: The final point is these are 30-year investments. We’ve got to make some forecasts about the future. The fact that Red Lobster is ending the year three points ahead of the industry gives us a lot of confidence as we forecast what we think the industry is going to be and a positive delta to that, not necessarily three points but a positive delta to that long-term industry forecast.

Joseph Buckley (Banc of America): You mentioned the SG&A being boosted a little bit and it wasn’t clear to me if you were spending the benefit of the 53rd week on some SG&A initiatives, including some Longhorn focused initiatives. Can you clarify if that’s what you are doing or if we should think of the 53rd week as adding 5 cents to reported EPS?

Brad Richmond: You are correct on both accounts. The 53rd week does add approximately 5 cents to our EPS. However, above and beyond that, because of the leveraging that we get because of that 53rd week, that additional leverage of about 4 cents EPS, we are investing and most of those costs will appear on the SG&A line.
  1  2  3  4 More: Earnings Calls

 


 
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

Other Sites:
© 1999-2012 123jump.com. All rights reserved