June 21, 2018
Darden Restaurants Reports Fiscal 2018 Fourth Quarter and Full Year Results; Fourth Quarter Same-Restaurant Sales Growth of 2.2%; Increases Quarterly Dividend 19% to $0.75; And Provides Fiscal 2019 Outlook
Darden Restaurants, Inc., (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 27, 2018. Fourth Quarter 2018 Financial Highlights Versus Same Fiscal Quarter Last Year Total sales from continuing operations increased 10.3% to $2.13 billion Blended same-restaurant sales from Darden's legacy brands increased 2.2% +2.4% for Olive Garden
+2.6% for The Capital Grille +1.4% for Yard House
+2.4% for LongHorn Steakhouse +3.6% for Eddie V's
+0.4% for Seasons 52 +0.6% for Bahama Breeze Same-restaurant sales for Cheddar's Scratch Kitchen were -4.7% Reported diluted net earnings per share from continuing operations increased 41.4% to $1.40 Adjusted diluted net earnings per share from continuing operations increased 17.8% to $1.39* Repurchased approximately $27 million of outstanding common stock * See the "Non-GAAP Information" below for more details "Our solid fourth quarter results concluded another strong year of performance as...
May 30, 2018
Darden Restaurants To Host Fiscal 2018 Fourth Quarter Conference Call On June 21
Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2018 fourth quarter financial results before the market opens on Thursday, June 21, 2018, 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 2018 Fourth Quarter Earnings Conference Call When: 8:30 am ET, Thursday, June 21, 2018 Where: https://www.webcaster4.com/Webcast/Page/1007/26028 How: Live over the Internet – Simply log on to the web at the address above or, to access via the telephone, dial 1-888-989-4365 and enter passcode 9993735 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 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%)...