Darden is the world's largest company-owned and operated full-service restaurant company which through subsidiaries owns and operates a portfolio of brands that includes Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze and Seasons 52.
Why is the company named "Darden" Restaurants?
The company is named after Bill Darden, the founder of Red Lobster. Bill opened the first Red Lobster in 1968, in Lakeland, Florida before selling it to General Mills in 1970.
How long has Darden been a public company?
Darden became a public company in May 1995 as a result of a spin-off from General Mills.
What exchange does Darden's stock trade on and what is the stock symbol?
Our stock trades on the New York Stock Exchange. Our ticker symbol is DRI.
Does Darden pay a dividend?
Darden currently pays a quarterly dividend. Click here for a history of our dividend payments. The Board of Directors can change the amount and timing of dividend payments, if any, at any time.
Does Darden have a Dividend Re-Investment Plan/Direct Purchase Plan?
There is a Plan called the "Shareholder Services Plus Plan" that is sponsored and administered by Wells Fargo Bank, N.A., not by Darden. Information concerning the Plan, including a brochure that summarizes the principal terms and conditions of the Plan, is available upon request to Wells Fargo Bank, N.A., toll free (877) 602-7596.
Who should I call if I have questions regarding an existing shareholder account with Wells Fargo Bank, N.A., Darden's transfer agent?
Questions should be directed to Wells Fargo Bank, N.A. at the following address and phone number.
Wells Fargo Shareowner Services
P.O. Box 64874
St. Paul, MN 55164-0874
or
Wells Fargo Shareowner Services
161 N. Concord Exchange
South St. Paul, MN 55075-1139.
Telephone inquiries should be made to Wells Fargo Shareowner Services toll free at (877) 602-7596, or at (651) 450-4064. Wells Fargo Shareowner Services can also be contacted via their website.
What are Darden's Standard Industrial Classification (SIC) and CUSIP number?
Darden's SIC code is 5812 (Industry Group 581: Eating and Drinking Places). Darden's CUSIP (Committee on Uniform Security Identification Procedures) number is 237194. On the right front side of most modern certificates is a nine-character number called the 'CUSIP' number. The Committee developed the numbering system to help in the clearing of the monumental numbers of shares traded daily on U.S. and Canadian exchanges.
Who is Darden's independent registered accounting firm?
Our independent registered accounting firm is KPMG, LLP and is located at the following address:
KPMG, LLP
111 North Orange Avenue
Suite 1600
Orlando, FL 32801
What does the statistic "Same-Restaurant Sales" mean?
Same-Restaurant Sales comparisons track all restaurants that have been open 16 months or more. For that group of restaurants, we calculate the sales percentage increase or decrease for a comparative period (i.e., first quarter 2009 versus first quarter 2008 or fiscal year 2009 versus fiscal year 2008). Same-Restaurant Sales is a statistic widely used in the restaurant and retail industries. Synonymous terms include "sales comps" and "same-store sales."
Are franchise opportunities available?
Darden is a growth-oriented company that, through subsidiaries, owns and operates full service dining restaurants in the United States and Canada. Our current strategy does not include franchise agreements.
What is Darden's fiscal year end?
Our fiscal year ends the last Sunday in May.
Are other Income Statement line items, i.e., cost of sales, gross margin, SG&A, operating profit, etc. disclosed by restaurant concept?
No. We do not disclose line item information by concept. We disclose that information on a consolidated level.
When were the first Red Lobster®, Olive Garden®, LongHorn SteakhouseSM, The Capital Grille®, Bahama Breeze® and Seasons 52® opened?
1968, 1982, 1981, 1990, 1996 and 2003, respectively.
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