December 1, 2016
Darden Restaurants To Host Fiscal 2017 Second Quarter Conference Call On December 20, 2016
Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2017 second quarter financial results before the market opens on Tuesday, December 20, 2016 , with a conference call to follow at 8:30 am ET . Gene Lee , CEO, and other senior management will discuss second 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 2017 Second Quarter Earnings Conference Call When: 8:30 am ET, Tuesday, December 20, 2016 Where: https://www.webcaster4.com/Webcast/Page/1007/18745 How: Live over the Internet – Simply log on to the web at the address above or, to access via the telephone, dial 1-888-989-8179 and enter passcode 2566158 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...
November 14, 2016
Darden Restaurants, Inc. Announces New Board Member
Darden Restaurants, Inc. (NYSE: DRI) today announced that its Board of Directors has appointed Nana Mensah to the company's Board, effective immediately. As a result of this action, the Board also voted to expand the number of seats on the Board to eight. Speaking on behalf of the Board, Chuck Sonsteby, Chairman of Darden's Board, commented, "My fellow Board members and I are delighted to welcome Nana to the Board. His extensive restaurant operations background, both domestically and internationally, coupled with his experience as a public company director brings additional expertise and perspective to the Board room." Commenting on the appointment, Mensah said, "I'm impressed with how well the Darden Board of Directors and the Company's leadership team have worked together to build strong momentum across the business. I'm excited to be a part of this Board as we work to ensure Darden remains the industry leader and continues delivering value to shareholders." Mensah, 64, serves as...
October 4, 2016
Darden Restaurants Reports Fiscal 2017 First Quarter Results; Increases Earnings Outlook For The Full Fiscal Year; And Announces New Share Repurchase Authorization
Darden Restaurants, Inc., (NYSE:DRI) today reported its financial results for the first quarter ended August 28, 2016. First Quarter 2017 Financial Highlights Versus Same Fiscal Quarter Last Year Total sales from continuing operations increased 1.6% to $1.71 billion Reported diluted net earnings per share from continuing operations increased 39.7% to $0.88 and increased 29.4% from last year's adjusted diluted net earnings per share* The Company repurchased approximately $196 million of its outstanding common stock during the quarter Same-restaurant sales increased 1.3% for the quarter +2.0% for Olive Garden
-1.2% for The Capital Grille +0.0% for Yard House
+0.6% for LongHorn Steakhouse -1.7% for Eddie V's
+0.7% for Seasons 52 +3.9% for Bahama Breeze * See the "Non-GAAP Information" below for more details "I'm pleased with our performance during the quarter and the progress we made against our strategic initiatives," said CEO Gene Lee. "We continued to gain...