Darden Restaurants (DRI) reported earnings on Tue 5 Apr 2016 (b/o)

** charts after earnings **

Darden Restaurants beats by $0.01, reports revs in-line; guides FY16 EPS above consensus; Q3 comps +6.2%  :

• Reports Q3 (Feb) adj earnings of $1.21 per share, $0.01 better than the Capital IQ Consensus of $1.20; revenues rose 6.7% year/year to $1.85 bln vs the $1.85 bln Capital IQ Consensus. Q3 Same-restaurant sales increased 6.2% for the fiscal quarter.
• Co issues raised guidance for FY16, sees EPS of $3.48-3.52 from $3.25-3.35 vs. $3.47 Capital IQ Consensus Estimate. This reflects the expectation that the Company's combined U.S. same-restaurant sales growth this fiscal year will be 3.0% to 3.5%.