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Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

111.28USD
16 Jul 2018
Change (% chg)

$-0.81 (-0.72%)
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$112.09
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Volume
429,033
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$112.30
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Latest Key Developments (Source: Significant Developments)

Darden CFO Says Lowered FY Same-Store Sales Guidance Includes Cheddar, Where Same-Store Sales Are Expected To Be Weak - Conf Call
Thursday, 21 Jun 2018 

June 21 (Reuters) - Darden Restaurants Inc ::DARDEN CFO SAYS LOWERED FY SAME-STORE SALES GUIDANCE INCLUDES CHEDDAR, WHERE SAME-STORE SALES ARE EXPECTED TO BE WEAK - CONF CALL.DARDEN CFO SAYS EXPECTS TO HAVE VERY LITTLE MARGIN GROWTH NEXT YEAR AS CO INVESTS IN WORKFORCE, CONTINUES TO PRICE BELOW INFLATION - CONF CALL.DARDEN CFO SAYS EXPECTS OPERATING MARGIN GROWTH NEXT YEAR TO BE FLAT TO UP 20 BASIS POINTS DUE TO LABOUR INVESTMENTS, CHEDDAR ACQUISITION - CONF CALL.DARDEN CEO ON CHEDDAR SAYS "YOU'LL START TO SEE US SLOWLY BRINGING BACK SOME PROMOTIONAL ACTIVITY" - CONF CALL.  Full Article

Darden Q4 Same-Restaurant Sales Grow 2.2 Pct
Thursday, 21 Jun 2018 

June 21 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS REPORTS FISCAL 2018 FOURTH QUARTER AND FULL YEAR RESULTS; FOURTH QUARTER SAME-RESTAURANT SALES GROWTH OF 2.2%; INCREASES QUARTERLY DIVIDEND 19% TO $0.75; AND PROVIDES FISCAL 2019 OUTLOOK.Q4 SALES $2.13 BILLION VERSUS I/B/E/S VIEW $2.13 BILLION.SEES FY 2019 EARNINGS PER SHARE $5.40 TO $5.56 FROM CONTINUING OPERATIONS.Q4 ADJUSTED EARNINGS PER SHARE $1.39 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE VIEW $1.35 -- THOMSON REUTERS I/B/E/S.SEES FY2019 SAME-RESTAURANT SALES GROWTH OF 1.0% TO 2.0%.QTRLY OLIVE GARDEN SALES $1,067.9 MILLION VERSUS $1,027.3 MILLION.SEES FY2019 TOTAL SALES GROWTH OF 4.0% TO 5.0%.SEES FY2019 TOTAL CAPITAL SPENDING OF $425 MILLION TO $475 MILLION.QTRLY U.S. SAME-RESTAURANT SALES FOR OLIVE GARDEN ROSE 2.4 PERCENT.BOARD INCREASED QUARTERLY DIVIDEND 19% TO $0.75 PER COMMON SHARE.QTRLY REPORTED DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS $1.40.QTRLY SAME-RESTAURANT SALES FOR CHEDDAR'S SCRATCH KITCHEN WERE DOWN 4.7 PERCENT.BOARD AUTHORIZED A NEW SHARE REPURCHASE PROGRAM OF UP TO $500 MILLION.ESTIMATES THAT SEVERE WINTER WEATHER NEGATIVELY IMPACTED SAME-RESTAURANT SALES BY -30 BASIS POINTS IN Q4.Q4 EARNINGS PER SHARE VIEW $1.35, REVENUE VIEW $2.13 BILLION -- THOMSON REUTERS I/B/E/S.FY EARNINGS PER SHARE VIEW $5.41 -- THOMSON REUTERS I/B/E/S.  Full Article

Darden Restaurants Names Dave George Chief Operating Officer​
Tuesday, 23 Jan 2018 

Jan 22 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS INC - ‍ANNOUNCED APPOINTMENT OF DAVE GEORGE AS EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER​.DARDEN RESTAURANTS INC - ‍DAN KIERNAN HAS BEEN NAMED PRESIDENT, OLIVE GARDEN, EFFECTIVE IMMEDIATELY​.  Full Article

Darden Restaurants Increases Fiscal 2018 Financial Outlook
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Darden Restaurants Inc ::REASES FISCAL 2018 FINANCIAL OUTLOOK.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $4.70 TO $4.78 FROM CONTINUING OPERATIONS.ESTIMATES IT WILL RECORD NON-CASH NET TAX BENEFITS OF ABOUT $0.56/SHARE, RELATED TO REVALUATION OF DEFERRED TAX ITEMS IN 2018.SEES 2018 SAME-RESTAURANT SALES GROWTH OF ABOUT 2 PERCENT.SEES 2018 TOTAL SALES GROWTH OF ABOUT 13 PERCENT.FY2018 EARNINGS PER SHARE VIEW $4.59, REVENUE VIEW $8.09 BILLION -- THOMSON REUTERS I/B/E/S.2018 ADJUSTED EPS OUTLOOK INCLUDES PLANS TO MAKE AN INVESTMENT OF ABOUT $20 MILLION IN WORKFORCE DURING THE YEAR.  Full Article

Darden Restaurants Reports Q2 Adjusted EPS $0.73 From Continuing Operations
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS REPORTS FISCAL 2018 SECOND QUARTER RESULTS; SECOND QUARTER SAME-RESTAURANT SALES GROWTH OF 3.1%; AND INCREASES FINANCIAL OUTLOOK FOR THE FULL FISCAL YEAR.Q2 SALES $1.88 BILLION VERSUS I/B/E/S VIEW $1.85 BILLION.Q2 ADJUSTED EARNINGS PER SHARE $0.73 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE VIEW $0.70 -- THOMSON REUTERS I/B/E/S.QTRLY ‍REPORTED DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS INCREASED 10.9% TO $0.71​.- QTRLY OLIVE GARDEN SALES $951.6 MILLION VERSUS $915.0 MILLION.QTRLY ‍SAME-RESTAURANT SALES FOR OLIVE GARDEN WERE UP 3.0%​.QTRLY ‍SAME-RESTAURANT SALES FOR CHEDDAR'S SCRATCH KITCHEN WERE DOWN 2.0%​.SEES FISCAL 2018 SAME-RESTAURANT SALES GROWTH OF APPROX 2%.SEES FISCAL 2018 TOTAL SALES GROWTH OF APPROX. 13%.QTRLY ‍BLENDED SAME-RESTAURANT SALES FROM DARDEN'S LEGACY BRANDS INCREASED 3.1%​.SEES FISCAL 2018 ADJUSTED DILUTED NET EPS FROM CONTINUING OPERATIONS $4.45 TO $4.53.FY2018 EARNINGS PER SHARE VIEW $4.44, REVENUE VIEW $8.04 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY ‍SHR WAS NEGATIVELY IMPACTED BY APPROXIMATELY $0.02 RELATED TO CHEDDAR'S SCRATCH KITCHEN INTEGRATION EXPENSES​.  Full Article

Four Corners Property Trust Acquires Longhorn Steakhouse Restaurant Property For $1.5 Mln
Friday, 8 Dec 2017 

Dec 7 (Reuters) - Four Corners Property Trust Inc ::FCPT ANNOUNCES ACQUISITION OF LONGHORN STEAKHOUSE RESTAURANT PROPERTY FOR $1.5 MILLION.  Full Article

Darden Restaurants entered into a $750 million revolving credit agreement
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Darden Restaurants Inc :Darden Restaurants says ‍on oct 27, co entered into a $750 million revolving credit agreement - SEC filing​.‍Credit agreement contains a sublimit of $150 million for issuance of letters of credit​.‍Credit agreement matures on October 27, 2022, and proceeds may be used for working capital and capital expenditures​.  Full Article

Darden Restaurants files for shelf offering of debt securities - SEC filing
Thursday, 6 Oct 2016 

Darden Restaurants Inc :Darden Restaurants Inc files for shelf offering of debt securities; size not disclosed - SEC filing.  Full Article

BRIEF-Darden Restaurants Q3 Sales $2.13 Bln Vs I/B/E/S View $2.14 Bln

* DARDEN RESTAURANTS REPORTS FISCAL 2018 THIRD QUARTER RESULTS AND INCREASES FINANCIAL OUTLOOK FOR THE FULL FISCAL YEAR