Darden Restaurants, Inc. · NYSE:DRI
Darden Restaurants — Q2 FY2015 Earnings Presentation
7 slides from Darden Restaurants's earnings presentation, Dec 16, 2014
Slide 1: FY2015 Q2 Review | FY2015 Outlook
FY2015 Q2 Review | FY2015 Outlook DECEMBER 16, 2014
Slide 2: Forward-Looking Statement
Forward-Looking Statement Forward-looking statements in this communication regarding our expected earnings performance and all other statements that are not historical facts, including without limitation statements concerning our future economic performance, are made under the Safe Harbor provisions
Slide 3: Non-GAAP Information
Non-GAAP Information The information in this communication includes financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”), such as adjusted diluted net earnings per share from continuing operations.
Slide 4: Reported to Adjusted Earnings Reconciliation and Other Costs Detail
FY2015 Q2 Reported to Adjusted Earnings Reconciliation and Other Costs Detail 4 Fiscal 2015 Second Quarter Reported to Adjusted Earnings Reconciliation Fiscal 2014 Fiscal 2015 % Change Diluted Net EPS from Continuing Operations $0.05 ($0.24) NA Shared Support Costs Related to Red Lobster 0.04 0.00 O
Slide 5: Margin Impacts of Adjustments
FY2015 Q2 Margin Impacts of Adjustments As Reported As Adjusted Q2 2015 Q2 2015 vs. Q2 2014 (Bps) Favorable/(Unfavorable) Food & Beverage 31.1% 31.1% (100) Restaurant Labor 32.5% 32.5% 60 Restaurant Expenses 17.8% 17.8% (20) Restaurant Margin 18.5% 18.5% (60) SG&A 11.7% 9.5% 140 Impairments 3.1% 0.0
Slide 6: Outlook
FY2015 Outlook 6 Fiscal 2015 Same-Restaurant Sales Q1 Q2 Annual Projected Darden Blended +0.2% +1.5% +1 to +2% Olive Garden -1.3% +0.5% Even to +1% LongHorn Steakhouse +2.8% +2.6% +2% to +3% Specialty Restaurants +2.1% +3.2% +2% to +3% Fiscal 2015 Continuing Operations Diluted Net EPS Q1 Q2 Annual P
Slide 7: J DARDEN
J DARDEN iy a Rectan ci onction