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Anyone follow this company? Operates 720 Red Lobster 475 Olive Garden family restaurants... spun off May '95 by General Mills... FY 97 (May) fell to loss on flat sales, $230M pre-tax charge in 4Q for restructuring, asset writedown... 1st half FY 98 EPS up 250% despite flat revenues... 2Q profitable... helped by good results at Olive Garden group. ****Outlook: FY 99 (May) EPS estimated $0.75, FY 98's seen $0.60 vs. FY 97's loss $0.59 (After $0.93 charge)... Semiannual dividend $0.04. Tel.# 407-245-6789 | ||||||||||||||
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