Last $58.40 USD
Change Today -0.02 / -0.03%
Volume 431.7K
DRI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

darden restaurants inc (DRI) Snapshot

Open
$58.45
Previous Close
$58.42
Day High
$58.93
Day Low
$58.25
52 Week High
12/23/14 - $58.99
52 Week Low
07/17/14 - $43.56
Market Cap
7.7B
Average Volume 10 Days
1.9M
EPS TTM
$1.55
Shares Outstanding
132.6M
EX-Date
01/7/15
P/E TM
37.7x
Dividend
$2.20
Dividend Yield
3.77%
Current Stock Chart for DARDEN RESTAURANTS INC (DRI)

darden restaurants inc (DRI) Details

Darden Restaurants, Inc. owns and operates full service restaurants in the United States and Canada. It operates restaurants under the Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V's, and Yard House brand names. As of July 28, 2014, it owned and operated approximately 1,500 restaurants. The company was founded in 1968 and is headquartered in Orlando, Florida.

150,000 Employees
Last Reported Date: 12/16/14
Founded in 1968

darden restaurants inc (DRI) Top Compensated Officers

Interim Chief Executive Officer
Total Annual Compensation: $658.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $542.8K
Compensation as of Fiscal Year 2014.

darden restaurants inc (DRI) Key Developments

Darden Restaurants, Inc. Reports Earnings Results for the Second Quarter Ended November 23, 2014; Provides Earnings Guidance for the Full Year 2015; Plans to Open 37 New Restaurants

Darden Restaurants, Inc. reported earnings results for the second quarter ended November 23, 2014. For the quarter, the company reported a loss of $32.8 million, or 26 cents per share, for the period that ended on November 23, 2014. On an adjusted basis, it earned 28 cents per share for the period. Revenue rose 5% to $1.56 billion. Revenue from its restaurants open at least a year increased 0.5% for Olive Garden, along with gains at LongHorn Steakhouse, The Capital Grille, Eddie V's, Yard House and Seasons 52. Diluted net earnings per share from continuing operations for the second quarter were adversely affected by about 52 cents, or 33 cents non-cash, due partly to costs associated with its recent announcement to cut jobs, reduce management and closing down its aviation operations. The company retired $100 million in debt in the second quarter, which brings total debt reduction to $1 billion for the fiscal year. Reduced debt levels contributed to lower interest expense of approximately $13 million in the second quarter. The company expects its fiscal 2015 adjusted earnings per share will likely increase 32%-35% to $2.25-$2.30 per share. The company expects $30 million reduction in debt for the current fiscal year. Annual effective tax rate is expected to be closer to 20%. The company expects to finish the year a little over capital expenditure of $300 million compared to the $325 million to $350 million previously communicated. The company expects to open approximately 37 net new restaurants for the fiscal year.

Darden Restaurants, Inc. Declares Regular Quarterly Dividend, Payable on February 2, 2015

Darden's Board of Directors declared a regular quarterly cash dividend of $0.55 per share on the company's outstanding common stock. The dividend is payable on February 2, 2015 to shareholders of record at the close of business on January 9, 2015.

Darden Restaurants Inc Revised Earnings Guidance for the Full Year of 2015

Darden Restaurants Inc. revised earnings guidance for the full year of 2015. For the full year 2015, the company now projects net earnings from continuing operations of $1.30 to $1.35 per share and adjusted earnings of $2.25 to $2.30 per share. The company had earlier expected net earnings of $1.74 to $1.84 per share and adjusted earnings of $2.22 to $2.30 per share.

 

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Industry Analysis

DRI

Industry Average

Valuation DRI Industry Range
Price/Earnings 90.8x
Price/Sales 1.2x
Price/Book 3.5x
Price/Cash Flow 7.9x
TEV/Sales 0.9x
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