March 22, 2018
Darden Restaurants Reports Fiscal 2018 Third Quarter Results And Increases Financial Outlook For The Full Fiscal Year
Darden Restaurants, Inc. , (NYSE: DRI) today reported its financial results for the third quarter ended February 25, 2018. Third Quarter 2018 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 13.3% to $2.13 billion , including 11.3% growth from the addition of 154 Cheddar's Scratch Kitchen restaurants and 34 other net new restaurants Blended same-restaurant sales from Darden's legacy brands increased 2.0% +2.2% for Olive Garden
+2.8% for The Capital Grille +1.9% for Yard House
+2.0% for LongHorn Steakhouse +2.7% for Eddie V's
-0.2% for Seasons 52 +0.2% for Bahama Breeze Same-restaurant sales for Cheddar's Scratch Kitchen were -2.2% Reported diluted net earnings per share from continuing operations increased 31.8% to $1.74 Adjusted diluted net earnings per share from continuing operations increased 29.5% to $1.71* Issued $300 million of 30-year debt at 4.55%, which replaced $311 million of higher-interest (6.8% and 6.0%)...
February 26, 2018
Darden Restaurants to Host Fiscal 2018 Third Quarter Conference Call on March 22
Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2018 third quarter financial results before the market opens on Thursday, March 22, 2018 , with a conference call to follow at 8:30 am ET . Gene Lee , CEO, and other senior management will discuss third 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 2018 Third Quarter Earnings Conference Call When: 8:30 am ET , Thursday, March 22, 2018 Where: https://www.webcaster4.com/Webcast/Page/1007/24792 How: Live over the Internet – Simply log on to the web at the address above or, to access via the telephone, dial 1-800-857-9760 and enter passcode 1227145 to join the call. About Darden Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille,...
February 22, 2018
Darden Restaurants Announces Final Results for Cash Tender Offers and Consent Solicitations for its 6.000% Senior Notes due 2035 and 6.800% Senior Notes due 2037
Darden Restaurants, Inc. (NYSE: DRI) today announced the final results as of 11:59 p.m. , New York City time, on February 21, 2018 (the "Expiration Date") for its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") to purchase any and all of its outstanding 6.000% Senior Notes due 2035 (the "2035 Notes") and 6.800% Senior Notes due 2037 (the "2037 Notes" and, together with the 2035 Notes, the "Notes"). In conjunction with the Offers, Darden also announced the final results for its previously announced solicitations (each, a "Consent Solicitation" and collectively, the "Consent Solicitations") of consents (the "Consents") to amend certain provisions of the indenture under which the Notes were issued (the "Proposed Amendments"). The Offers and the Consent Solicitations were made upon the terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation Statement, dated January 24, 2018 (the "Offer to Purchase"), and the...