June 30, 2016
Darden Restaurants Reports Fiscal 2016 Fourth Quarter And Full Year Results; Reports Positive Same-Restaurant Sales For All Brands; Increases Quarterly Dividend; And Provides Fiscal 2017 Outlook
Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the fourth quarter and fiscal year ended May 29, 2016. The fourth quarter of last year included an extra week of operations resulting in a 53 week fiscal 2015. Fourth Quarter 2016 Financial Highlights Versus Same Fiscal Quarter Last Year Due to the impact of the extra week of operations included in the fourth quarter of fiscal 2015, total sales from continuing operations decreased 4.7% to $1.79 billion ; excluding the impact of the extra week, total sales from continuing operations increased 2.1% Reported diluted net earnings per share from continuing operations increased 19.6% to $1.10 and increased 8.9% from last year's adjusted diluted net earnings per share (13-week basis)* The company repurchased approximately $45 million of its outstanding common stock Same-restaurant sales increased 1.7% on a fiscal calendar basis
(13-weeks ended May 29, 2016 vs. 13-weeks ended May 24, 2015 ) +1.6% for Olive...
May 24, 2016
Darden Restaurants To Host Fiscal 2016 Fourth Quarter Conference Call On June 30, 2016
Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2016 fourth quarter financial results before the market opens on Thursday, June 30, 2016 , with a conference call to follow at 8:30 am ET . Gene Lee, CEO, and other senior management will discuss fourth 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 2016 Fourth Quarter Earnings Conference Call When: 8:30 am ET, Thursday, June 30, 2016 Where: https://www.webcaster4.com/Webcast/Page/1007/15389 How: Live over the Internet – Simply log on to the web at the address above or, to access via the telephone, dial 1-888-820-8959 and enter passcode 1848969 to join the call. About Darden Darden Restaurants, Inc., (NYSE: DRI), owns and operates more than 1,500 restaurants that generate $7.0 billion in annual sales. Headquartered in Orlando, Fla., and employing more than 150,000 people,...
April 5, 2016
Darden Announces Resignation of Jeffrey C. Smith From Board of Directors; Charles M. Sonsteby Elected Chairman
Darden Restaurants, Inc. (NYSE: DRI) today announced that Jeffrey (Jeff) C. Smith has resigned from its Board of Directors effective April 4, 2016 . Mr. Smith had served on the Board of Directors and as the Company's Chairman of the Board since October 2014 . With the announcement of Mr. Smith's departure, the Board unanimously elected Charles (Chuck) M. Sonsteby , a current independent director, as Chairman. The Company now has ten directors. "It is with mixed emotion that I leave the Board of Directors," said Smith. "I will thoroughly miss working with the capable and talented people throughout the Company and I am so incredibly proud of what we have been able to accomplish together. I am able to move on to other projects at this time because of the outstanding chemistry and capabilities of both the Board and management. While I am sorry to leave my friends at Darden, I am fully confident in Gene's terrific leadership and execution and I know that Chuck will be an outstanding...