September 19, 2019
Darden Restaurants Reports Fiscal 2020 First Quarter Results; Declares Regular Quarterly Dividend; Authorizes New $500 Million Share Repurchase Program; And Reaffirms Financial Outlook For The Full Fiscal Year
Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the first quarter ended August 25, 2019. First Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 3.5% to $2.13 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 0.9% Same-restaurant sales by brand:
+2.2% for Olive Garden -5.4% for Cheddar's Scratch Kitchen
+2.6% for LongHorn Steakhouse -1.9% for Yard House
+1.5% for The Capital Grille -4.2% for Seasons 52
+1.2% for Eddie V's -4.2% for Bahama Breeze Reported diluted net earnings per share from continuing operations increased 3.0% to $1.38 compared to last year's diluted net earnings per share The Company repurchased approximately $95 million of its outstanding common stock "I'm pleased with our results this quarter as we continued to gain market share," said CEO Gene...
August 29, 2019
Darden Restaurants To Host Fiscal 2020 First Quarter Conference Call On September 19
Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2020 first quarter financial results before the market opens on Thursday, September 19, 2019, 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 2020 First Quarter Earnings Conference Call When: 8:30 am ET, Thursday, September 19, 2019 Where: https://www.webcaster4.com/Webcast/Page/1007/31427 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...
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...