June 20, 2019
Darden Restaurants Reports Fiscal 2019 Fourth Quarter and Full Year Results; Increases Quarterly Dividend 17% to $0.88; And Provides Fiscal 2020 Outlook
Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the fourth quarter and fiscal year ended May 26, 2019. Fourth Quarter 2019 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 4.5% to $2.23 billion driven by the addition of 39 net new restaurants and a blended same-restaurant sales increase of 1.6% Blended same-restaurant sales by brand:
+2.4% for Olive Garden -3.2% for Cheddar's Scratch Kitchen
+3.3% for LongHorn Steakhouse -1.4% for Yard House
+2.9% for The Capital Grille -2.1% for Seasons 52
+2.0% for Eddie V's -1.9% for Bahama Breeze Reported diluted net earnings per share from continuing operations increased 19.3% to $1.67 Adjusted diluted net earnings per share from continuing operations increased 26.6% to $1.76* after excluding approximately $0.09 of a non-cash charge related to restaurant asset impairments The Company repurchased approximately $42 million of its outstanding...
May 29, 2019
Darden Restaurants To Host fiscal 2019 Fourth Quarter Conference Call On June 20
Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2019 fourth quarter financial results before the market opens on Thursday, June 20, 2019, 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 2019 Fourth Quarter Earnings Conference Call When: 8:30 am ET, Thursday, June 20, 2019 Where: https://www.webcaster4.com/Webcast/Page/1007/30658 How: Live over the Internet – Simply log on to the web at the address above or, to access via the telephone, dial 1-888-396-9924 and enter passcode 3047110 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, Seasons 52,...
March 28, 2019
Darden Restaurants Announces Animal Welfare Policy Founded On Improvements In Welfare Outcomes
Company also updates progress on animal welfare commitments and establishes new commitment to purchase chicken raised without medically important antibiotics by 2023 Darden Restaurants, Inc. (NYSE: DRI) today announced an animal welfare policy that encourages higher welfare outcomes for farm animals in its supply chain. As part of the policy, Darden intends to form an external Animal Welfare Advisory Council that the Company will leverage to continually ensure its animal welfare program is based on best available science and industry-wide practices, including developments in outcomes measurement and reporting. "After a thorough and thoughtful process, which included extensive benchmarking and input from a variety of stakeholders, we are adopting an Animal Welfare Policy to articulate Darden's position and values around the treatment of animals in our supply chain," said Susan Connelly, Senior Vice President of Communications and Corporate Affairs for Darden. "Today's announcement...