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Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

91.05USD
20 Apr 2018
Change (% chg)

$1.29 (+1.44%)
Prev Close
$89.76
Open
$90.72
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$91.35
Day's Low
$90.37
Volume
487,051
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416,231
52-wk High
$100.10
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$76.43

Latest Key Developments (Source: Significant Developments)

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

Darden Restaurants reports Q4 earnings per share of $1.09
Thursday, 30 Jun 2016 

Darden Restaurants Reports Fiscal 2016 Fourth Quarter And Full Year Results; Reports Positive Same : Sees 2017 same-restaurant sales growth of 1.0% to 2.0% . Q4 earnings per share $1.10 from continuing operations . Qtrly olive garden total sales $981.8 million versus $1,037 million last year . Qtrly same-restaurant sales increased 1.7% on a fiscal calendar basis . Sees 2017 total capital spending of $310 to $350 million . Qtrly olive garden same-restaurant sales rose 1.6 percent . Sees board of directors increased quarterly dividend to $0 .56 per common share . Darden restaurants inc says new dividend represents a 12% increase over company's previous quarterly dividend of $0.50 . Fy2017 earnings per share view $3.99 -- Thomson Reuters I/B/E/S . Qtrly earnings per share $1.09 . Q4 earnings per share view $1.08 -- Thomson Reuters I/B/E/S . Restaurant sales for all brands; increases quarterly dividend; and provides fiscal 2017 outlook . Sees fy 2017 earnings per share $3.80 to $3.90 .Q4 revenue $1.79 billion versus i/b/e/s view $1.81 billion.  Full Article

SEC says golfer Phil Mickelson should repay trading gains based on tip from Las Vegas gambler
Thursday, 19 May 2016 

: U.S. SEC names golfer phil mickelson as "relief defendant" in civil lawsuit versus thomas Davis, william "billy" walters--filing . SEC says mickelson generated $931,000 profit in 2012 by trading in Dean Foods Co stock based on tip from walters . SEC says walters' tip to mickelson was based on inside information that walters had received from Davis, once dean's chairman . SEC says mickelson had previously placed bets with walters, a well-known gambler, and owed him money at the time of the tip . SEC says mickelson made his trades in three brokerage accounts that he controlled . SEC says mickelson "had not been a frequent trader," and had never bought Dean Foods stock before the 2012 purchase . SEC says mickelson bought his Dean Foods shares on July 30-31, 2012, and sold all of them on August 8, 2012 . SEC says mickelson repaid gambling debts to walters in September 2012, in part with proceeds from his trading in Dean Foods . SEC says mickelson was "unjustly enriched" by his trading and must disgorge his ill-gotten gains . SEC says mickelson's gains stemmed from the securities law violations by Davis and walters . SEC says it would not be "just, equitable, or conscionable" for mickelson to keep his ill-gotten gains.  Full Article

U.S. charges ex-Dean Foods chairman Thomas Davis, pro gambler William "Billy" Walters with insider trading
Thursday, 19 May 2016 

: U.S. unveils insider trading charges against ex-Dean Foods Co chairman Thomas Davis, pro gambler william "billy" walters . U.S. accuses Davis of securities fraud, wire fraud, conspiracy, obstruction of justice, perjury . U.S. accuses walters of securities fraud, wire fraud, conspiracy . U.S. says Davis from 2008-2014 leaked tips about dean's results and outlook, and the spinoff of its whitewave-alpro segment . U.S. says Davis also leaked material nonpublic tips he received from a ny investment firm about Darden Restaurants Inc . U.S. says Davis provided a variety of tips to walters, who then traded on the inside information . U.S. says Davis and walters were friends since the mid-1990s, with shared interests in sports, golf, gambling and business . U.S. says walters gave Davis kickbacks, including loans that were never repaid, in exchange for the inside information . U.S. says walters illegally generated profit of $32 million and avoided losses of $11 million trading in Dean Foods stock . U.S. says walters illegally generated profit of about $1 million trading in Darden stock.  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