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Fly News Breaks for June 18, 2015
DRI
Jun 18, 2015 | 07:19 EDT
Wells Fargo expects Darden's Q4 EPS to come in above its guidance and surpass the consensus estimate. The firm predicts that Olive Garden's same-store sales increased by 1.8% in Q4, representing its largest quarterly outperformance versus its casual dining peer group since 2010. Wells predicts that the midpoint of the company's fiscal 2016 EPS guidance will come in slightly below the consensus outlook but it keeps an Outperform rating on the shares.
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