Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $65.54 USD
Change Today +0.60 / 0.92%
Volume 3.6M
DRI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

darden restaurants inc (DRI) Snapshot

Open
$65.22
Previous Close
$64.94
Day High
$65.76
Day Low
$64.65
52 Week High
03/24/15 - $70.38
52 Week Low
07/17/14 - $43.56
Market Cap
8.2B
Average Volume 10 Days
1.3M
EPS TTM
$1.81
Shares Outstanding
125.8M
EX-Date
04/8/15
P/E TM
36.3x
Dividend
$2.20
Dividend Yield
3.36%
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
Compensation as of Fiscal Year 2014.

darden restaurants inc (DRI) Key Developments

Darden Restaurants Inc. Cuts 30 Orlando Jobs

Darden Restaurants Inc. has further pared down its workforce in Orlando by letting go 30 positions at the firm's Restaurant Support Center. The company also decentralized several positions - such as guest relations, employee relations and talent acquisition - by moving them directly into the individual restaurant brands, Jeffers said. The layoffs followed the news that Darden also got the thumbs up on $7.5 million in employee-related 2014 state tax incentives, despite losing hundreds of workers through the $2.1 billion sale of the Red Lobster seafood chain, the Orlando Sentinel reported. Darden was set to lose its Florida Capital Investment Tax Credit because of declining job numbers, but renegotiated its deal with the Florida Department of Economic Opportunity last year to include 207 jobs at Red Lobster, the Sentinel reported.

Darden Restaurants, Inc. Declares Regular Quarterly Dividend, Payable on May 1, 2015; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 22, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2015; Announces Asset Impairment for the Third Quarter of Fiscal 2015

Darden Restaurants, Inc. announced that the company's Board of Directors declared a regular quarterly cash dividend of $0.55 per share on the company's outstanding common stock. The dividend is payable on May 1, 2015 to shareholders of record at the close of business on April 10, 2015. The company reported unaudited consolidated earnings results for the third quarter and nine months ended February 22, 2015. For the quarter, the company reported net earnings of $133.8 million or $1.05 per diluted share on sales of $1,730.9 million compared to net earnings of $109.7 million or $0.82 per diluted share on sales of $1,618.5 million a year ago. Earnings before income taxes was $147.1 million compared to $89.1 million a year ago. Earnings from continuing operations was $128.4 million or $1.01 per diluted share compared to $86.6 million or $0.65 per diluted share a year ago. Reported net earnings per diluted share from continuing operations for the third quarter were positively impacted by approximately $0.02. This includes approximately: an increase of 5 cents of tax benefits related to the final disposition of the interest in the aquaculture investment; a decrease of 2 cents related to impairments of excess land parcels held for sale; and a decrease of 1 cent for other strategic action costs associated with the evaluation of the real estate portfolio. Adjusted diluted net EPS from continuing operations was $0.99 compared to $0.71 a year ago. For the nine months period, the company reported net earnings of $604.2 million or $4.64 per diluted share on sales of $4,885.7 million compared to net earnings of $199.7 million or $1.50 per diluted share on sales of $4,635.5 million a year ago. Earnings before income taxes was $48.8 million compared to $140.8 million a year ago. Earnings from continuing operations was $78.3 million or $0.60 per diluted share compared to $134.9 million or $1.02 per diluted share a year ago. Net cash provided by operating activities of continuing operations was $556.0 million compared to $506.4 million a year ago. Purchases of land, buildings and equipment was $230.1 million compared to $337.5 million a year ago. The company delivered solid improvement in the financial results is due to the hard work of the teams to grow same-restaurant sales and control costs. For the third quarter of fiscal 2015, the company also announced asset impairment, net of $4.4 million. The company projects fourth quarter earnings per diluted share of $0.91 to $0.94, an increase of between 69% and 74% from the fourth quarter of 2014. Diluted net EPS from continuing operations is expected to be in the range of $0.91 - $0.94. Adjusted diluted net EPS from continuing operations is expected to be in the range of $0.91 - $0.94. The company has increased expectations for fiscal 2015. The current projected range for annual adjusted earnings per diluted share is projected to be between $2.45 and $2.48 (or $1.50 and $1.53 on an unadjusted basis) an increase of between 43% and 45% from fiscal 2014, which reflects the impact of the accelerated share repurchase program on the annual weighted average share count. This reflects the expectation that the company's combined U.S. same-restaurant sales growth this fiscal year will be 2.0% to 2.5% and the positive $0.05 per share impact of a 53rd operating week in the fiscal year. Diluted net EPS from continuing operations is expected to be in the range of $1.50 - $1.53. Adjusted diluted net EPS from continuing operations is expected to be in the range of $2.45 - $2.48.

Darden Restaurants Exploring All Real Estate Options

Darden Restaurants, Inc. (NYSE:DRI) is considering all options for real estate, including sale and leaseback deals. Chief Executive Officer of Darden said, "We're still evaluating our (real estate) options very, very carefully."

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DRI:US $65.54 USD +0.60

DRI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bloomin' Brands Inc $22.46 USD -0.18
Brinker International Inc $55.18 USD -0.40
Cracker Barrel Old Country Store Inc $141.08 USD -1.33
Elior Participations SCA €16.61 EUR +0.25
Mitchells & Butlers PLC 452.50 GBp -8.20
View Industry Companies
 

Industry Analysis

DRI

Industry Average

Valuation DRI Industry Range
Price/Earnings 67.2x
Price/Sales 1.2x
Price/Book 3.7x
Price/Cash Flow 8.1x
TEV/Sales 0.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DARDEN RESTAURANTS INC, please visit www.darden.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.