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Last $73.76 USD
Change Today -0.04 / -0.05%
Volume 1.2M
DRI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

darden restaurants inc (DRI) Snapshot

Open
$73.99
Previous Close
$73.80
Day High
$74.53
Day Low
$73.33
52 Week High
07/23/15 - $75.60
52 Week Low
08/15/14 - $46.03
Market Cap
9.3B
Average Volume 10 Days
1.4M
EPS TTM
$2.67
Shares Outstanding
126.7M
EX-Date
07/8/15
P/E TM
27.7x
Dividend
$2.20
Dividend Yield
2.98%
Current Stock Chart for DARDEN RESTAURANTS INC (DRI)

darden restaurants inc (DRI) Details

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of July 8, 2015, it owned and operated approximately 1,500 restaurants under the Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V's, and Yard House brand names. The company was founded in 1968 and is headquartered in Orlando, Florida.

148,892 Employees
Last Reported Date: 07/24/15
Founded in 1968

darden restaurants inc (DRI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $658.3K
Compensation as of Fiscal Year 2014.

darden restaurants inc (DRI) Key Developments

Darden Restaurants, Inc. Appoints Todd A. Burrowes as President of Longhorn Steakhouse, Effective July 28, 2015

On July 27, 2015, Darden Restaurants, Inc. announced that Todd A. Burrowes has been appointed as President of LongHorn Steakhouse, effective July 28, 2015. Mr. Burrowes will be rejoining the company after serving as President, Ruby Tuesday Concept and Chief Operations Officer of Ruby Tuesday, Inc., since June 2013.

Darden Restaurants, Inc. Announces Executive Changes

Darden Restaurants, Inc. announced the appointment of Jeffrey Davis as its Senior Vice President and Chief Financial Officer, effective July 16, 2015. In this role, Davis assumes responsibility for the financial functions of the company, including finance and accounting, corporate reporting, corporate tax, treasury and investor relations, as well as internal audit, supply chain, and real estate and development. He will report to Darden CEO Gene Lee. Most recently, Davis served as Executive Vice President and Chief Financial Officer for the Walmart U.S. segment of Walmart Stores, Inc. He joined Walmart in 2006 as Vice President of Finance for the Walmart U.S. specialty division. He held additional roles of increasing importance, including Executive Vice President and Treasurer for Walmart Stores, Inc. Davis will succeed Brad Richmond, who will be moving into an advisory role to assist with the transition. As previously announced, Richmond will be leaving Darden at the end of the month after 32 years of service.

Darden Restaurants, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016; Plans to Open 18 to 22 Restaurants in the Fiscal Year 2016

Darden Restaurants, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended May 31, 2015. For the quarter, the company’s sales were $1,878.3 million compared to $1,650.1 million a year ago. Operating income was $150.5 million compared to $69.5 million a year ago. Earnings before income taxes were $126.5 million compared to $33.9 million a year ago. Earnings from continuing operations were $118.1 million compared to $48.4 million a year ago. Net earnings were $105.3 million compared to $86.5 million a year ago. Earnings from continuing operations per diluted share were $0.92 compared to $0.36 a year ago. Net earnings per diluted share were $0.82 compared to $0.65 a year ago. Adjusted earnings from continuing operations per diluted share were $1.08 compared to $0.54 a year ago. For the year, the company’s sales were $6,764.0 million compared to $6,285.6 million a year ago. Operating income was $367.6 million compared to $308.9 million a year ago. Earnings before income taxes were $175.3 million compared to $174.6 million a year ago. Earnings from continuing operations were $196.4 million compared to $83.2 million a year ago. Net earnings were $709.5 million compared to $286.2 million a year ago. Earnings from continuing operations per diluted share were $1.51 compared to $1.38 a year ago. Net earnings per diluted share were $5.47 compared to $2.15 a year ago. Loss from discontinued operations, net of tax was $513.1 million compared to $103.0 million a year ago. Net cash provided by operating activities of continuing operations was $874.3 million compared to $555.4 million a year ago. Cash used in purchases of land, buildings and equipment was $296.5 million compared to $414.8 million a year ago. Adjusted earnings from continuing operations per diluted share were $2.63 compared to $1.71 a year ago. The company provided earnings guidance for the full year 2016. For the year, the company expects same-restaurant sales growth of 2.0% to 2.5%, adjusted earnings per diluted share growth were approximately 20% to 25%, resulting in adjusted earnings per diluted share of $3.05 to $3.20, annual tax rate of 21% to 24% and total capital spending of $230 million to $255 million. The company expects new unit openings of 18 to 22 restaurants in the fiscal year 2016.

 

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Industry Analysis

DRI

Industry Average

Valuation DRI Industry Range
Price/Earnings 48.7x
Price/Sales 1.4x
Price/Book 4.0x
Price/Cash Flow 9.1x
TEV/Sales 1.1x
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