September 24, 2020
Darden Restaurants Reports Fiscal 2021 First Quarter Results; Announces Repayment of its Term Loan; Reinstates a Quarterly Dividend; And Provides Fiscal 2021 Second Quarter Outlook
Darden Restaurants, Inc., (NYSE:DRI) today reported its financial results for the first quarter ended August 30, 2020. First Quarter 2021 Financial Highlights, Comparisons to First Quarter Last Year Total sales of $1.53 billion, a decrease of 28.4% driven by negative blended same-restaurant sales of 29.0% and partially offset by the addition of 14 net new restaurants Same-restaurant sales by segment:
(28.2)% for Olive Garden
(39.1)% for Fine Dining
(18.1)% for LongHorn Steakhouse
(39.0)% for Other Business Reported diluted net earnings per share from continuing operations of $0.28 as compared to last year's reported diluted net earnings per share of $1.38 Adjusted diluted net earnings per share from continuing operations of $0.56, after excluding $0.28 related to corporate restructuring costs, as compared to reported diluted net earnings per share of $1.38* Reported net earnings from continuing operations of $37 million Adjusted EBITDA of $185 million* * ...
August 27, 2020
Darden Restaurants to Host Fiscal 2021 First Quarter Conference Call on September 24
Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2021 first quarter financial results before the market opens on Thursday, September 24, 2020, with a conference call to follow at 8:30 am ET. Gene Lee, CEO, and other senior management will discuss first quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2021 First Quarter Earnings Conference Call
When: 8:30 am ET, Thursday, September 24, 2020
Where: https://www.webcaster4.com/Webcast/Page/1007/36843
How: Live over the Internet – Simply log on to the web at the address above or, to access via the telephone, please dial 1-833-470-0145 and provide the conference passcode 9688892. About Darden Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch...
June 25, 2020
Darden Restaurants Reports Fiscal 2020 Fourth Quarter and Full Year Results; And Provides Fiscal 2021 First Quarter Outlook
Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the fourth quarter and fiscal year ended May 31, 2020, which included a 53rd week of operations compared to 52 weeks last year. Statement from Gene Lee, CEO. The strategy we put in place five years ago helped us successfully navigate one of the most challenging periods in our Company's history. When our dining rooms closed, our operators did an amazing job of reimagining the guest experience by staying true to our back-to-basics operating philosophy. We benefited greatly from our competitive advantages that form the foundation of our strategy, especially our scale and our culture. Our scale allowed us to quickly react to constant change, while our team members displayed tremendous innovation, flexibility and passion as they continued to serve our guests. I'm incredibly proud of our teams and that our culture grew stronger during this time. The full-service restaurant industry plays a vital role in our...