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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (10538)	6/23/1998 5:22:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Darden Reports Sharply Higher Annual Earnings And Strong Fourth Quarter Same-Restaurant Sales Gains.. Well it looks that it will finally have it's day in the sun tomorrow.. ORLANDO, Fla., June 23 /PRNewswire/ -- Darden Restaurants Inc. (NYSE: DRI - news)announced strong, double-digit same-restaurant sales gains at Olive Garden coupled with solid single-digit increases at Red Lobster led to fourth quarter results well ahead of last year. Earnings after tax rose almost 37% during the quarter to $40.0 million, or 27 cents per diluted share. ''We are enthused by the results achieved by our teams at Olive Garden, Red Lobster and Bahama Breeze for the year and especially in the fourth quarter,'' said Joe R. Lee, Chairman and Chief Executive Officer. ''I believe our management teams are the best in the industry and they have made tremendous strides this year in carrying out our mission of being brilliant with the basics. The strategies the leaders of our companies have in place are clearly working and our guests, employees and investors are benefiting from this effort.''