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Darden Restaurants Reports Fiscal 2017 First Quarter Results; Increases Earnings Outlook For The Full Fiscal Year; And Announces New Share Repurchase Authorization

Total sales from continuing operations increased 1.6% to $1.71 billion. Reported diluted net earnings per share from continuing operations increased 39.7% to $0.88 and increased 29.4% from last year’s adjusted diluted net earnings per share. The Company repurchased approximately $196 million of its outstanding common stock during the quarter. Same-restaurant sales increased 1.3% for the quarter.

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