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Contacts: | ||||
(Analysts) Kevin Kalicak | (407) 245-5870 | |||
(Media) Rich Jeffers | (407) 245-4189 |
• | Total sales from continuing operations increased 8.1% to $1.93 billion |
• | Reported diluted net earnings per share from continuing operations decreased 10.0% to $0.99 and were negatively impacted by $0.19 due to: |
◦ | A non-cash accounting charge of approximately $0.10 related to the early settlement of a portion of our pension plan commitments |
◦ | Approximately $0.09 of transaction and integration expenses related to the April 24, 2017 acquisition of Cheddar's Scratch Kitchen |
• | Adjusted diluted net earnings per share from continuing operations increased 7.3% to $1.18* |
• | The Company repurchased approximately $15 million of its outstanding common stock |
• | Same-restaurant sales increased 3.3% for the quarter, excluding Cheddar's Scratch Kitchen |
+4.4% for Olive Garden | +0.5% for The Capital Grille | +0.1% for Yard House | |||
+3.5% for LongHorn Steakhouse | +3.3% for Eddie V’s | -1.3% for Seasons 52 | |||
+1.4% for Bahama Breeze |
• | Total sales from continuing operations increased 3.4% to $7.17 billion |
• | Reported diluted net earnings per share from continuing operations increased 37.8% to $3.83 |
• | Adjusted diluted net earnings per share from continuing operations increased 13.9% to $4.02* |
• | The Company repurchased approximately $230 million of its outstanding common stock |
• | Same-restaurant sales increased 1.8% for the year, excluding Cheddar's Scratch Kitchen |
+2.6% for Olive Garden | +0.4% for The Capital Grille | -0.2% for Yard House | |||
+1.2% for LongHorn Steakhouse | +1.5% for Eddie V’s | 0.0% for Seasons 52 | |||
+2.2% for Bahama Breeze |
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