Last $64.00 USD
Change Today -0.38 / -0.59%
Volume 1.1M
DRI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

darden restaurants inc (DRI) Snapshot

Open
$64.43
Previous Close
$64.38
Day High
$64.55
Day Low
$63.93
52 Week High
02/27/15 - $64.55
52 Week Low
07/17/14 - $43.56
Market Cap
7.9B
Average Volume 10 Days
1.0M
EPS TTM
$1.59
Shares Outstanding
124.0M
EX-Date
01/7/15
P/E TM
40.1x
Dividend
$2.20
Dividend Yield
3.44%
Current Stock Chart for DARDEN RESTAURANTS INC (DRI)

darden restaurants inc (DRI) Details

Darden Restaurants, Inc. owns and operates full service restaurants in the United States and Canada. It operates restaurants under the Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V's, and Yard House brand names. As of July 28, 2014, it owned and operated approximately 1,500 restaurants. The company was founded in 1968 and is headquartered in Orlando, Florida.

206,489 Employees
Last Reported Date: 07/18/14
Founded in 1968

darden restaurants inc (DRI) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $658.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $542.8K
Compensation as of Fiscal Year 2014.

darden restaurants inc (DRI) Key Developments

Darden Restaurants, Inc. Appoints Eugene I. Lee, Jr. as Chief Executive Officer and Director, Effective Immediately

Darden Restaurants, Inc. announced that its Board of Directors has appointed current Interim Chief Executive Officer Eugene I. Lee, Jr. as Chief Executive Officer and director, effective immediately. Mr. Lee brings more than 30 years of restaurant operating experience to the role, which ranges from early stage high-growth concepts to large high volume chains. Prior to his appointment as Interim CEO, Mr. Lee served as President and Chief Operating Officer of the company for one year, and prior to that as President of the company's Specialty Restaurant Group (SRG) for six years.

The U.S. Equal Employment Opportunity Commission Files a Claim against Darden Restaurants Inc. for Age Discrimination

Darden Restaurants Inc. was sued by the U.S. Equal Employment Opportunity Commission, which accused the company of age discrimination in hiring for its Seasons 52 restaurants nationwide. In a complaint filed with the U.S. District Court in Miami, the EEOC said it is 'standard operating procedure' for Darden, which also runs the Olive Garden chain, and four Florida affiliates to disproportionately deny jobs at new Seasons 52 restaurants to applicants aged 40 and above, violating the federal Age Discrimination in Employment Act. This discrimination has since 2010 reached to front-of-the-house and back-of-the-house jobs, and results from a centralized hiring process designed to maintain Seasons 52's 'casually sophisticated' setting.

Darden Restaurants, Inc. Reports Earnings Results for the Second Quarter Ended November 23, 2014; Provides Earnings Guidance for the Full Year 2015; Plans to Open 37 New Restaurants

Darden Restaurants, Inc. reported earnings results for the second quarter ended November 23, 2014. For the quarter, the company reported a loss of $32.8 million, or 26 cents per share, for the period that ended on November 23, 2014. On an adjusted basis, it earned 28 cents per share for the period. Revenue rose 5% to $1.56 billion. Revenue from its restaurants open at least a year increased 0.5% for Olive Garden, along with gains at LongHorn Steakhouse, The Capital Grille, Eddie V's, Yard House and Seasons 52. Diluted net earnings per share from continuing operations for the second quarter were adversely affected by about 52 cents, or 33 cents non-cash, due partly to costs associated with its recent announcement to cut jobs, reduce management and closing down its aviation operations. The company retired $100 million in debt in the second quarter, which brings total debt reduction to $1 billion for the fiscal year. Reduced debt levels contributed to lower interest expense of approximately $13 million in the second quarter. The company expects its fiscal 2015 adjusted earnings per share will likely increase 32%-35% to $2.25-$2.30 per share. The company expects $30 million reduction in debt for the current fiscal year. Annual effective tax rate is expected to be closer to 20%. The company expects to finish the year a little over capital expenditure of $300 million compared to the $325 million to $350 million previously communicated. The company expects to open approximately 37 net new restaurants for the fiscal year.

 

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Industry Analysis

DRI

Industry Average

Valuation DRI Industry Range
Price/Earnings 99.5x
Price/Sales 1.3x
Price/Book 3.8x
Price/Cash Flow 8.1x
TEV/Sales 1.0x
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