Last $47.53 USD
Change Today +0.32 / 0.68%
Volume 741.5K
DRI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

darden restaurants inc (DRI) Snapshot

Open
$47.37
Previous Close
$47.21
Day High
$47.72
Day Low
$47.28
52 Week High
12/23/13 - $54.89
52 Week Low
07/17/14 - $43.56
Market Cap
6.3B
Average Volume 10 Days
1.6M
EPS TTM
$1.94
Shares Outstanding
132.3M
EX-Date
07/8/14
P/E TM
24.5x
Dividend
$2.20
Dividend Yield
4.63%
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.

206,489 Employees
Last Reported Date: 07/18/14
Founded in 1968

darden restaurants inc (DRI) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $1.2M
President and Chief Operating 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. Announces Executive Changes

Darden Restaurants Inc. announced that Clarence Otis is stepping down as chairman and CEO of Darden. To ensure a smooth transition, the company has appointed Charles A. Ledsinger Jr. as independent non-executive chairman of the board. To ensure a smooth transition, the company has appointed Charles A. Ledsinger Jr. as independent non-executive chairman of the board. Otis will continue serving as CEO, until the earlier of the appointment of his successor or 31 December 2014. Reportedly, Ledsinger is leading the search along with the board's nominating and governance committee, which consists solely of independent directors.

Darden Closes Repurchase of Debt Retirement

Darden Restaurants has completed the repurchase of approximately $900 million of the previously announced $1 billion debt retirement leaving approximately $1.6 billion of debt on its balance sheet. According to a release from the company, the remaining $100 million of debt has been called for redemption and is expected to be retired later in August 2014. As a result of the debt retirements, Darden will adjust its interest expense by approximately $49 million on an annualized basis. The interest expense reduction in fiscal 2015 will be approximately $38 million, which will affect the second, third and fourth quarters of the fiscal year.

Darden Restaurants, Inc. Provides Earnings Outlook for the First, Second, Third and Fourth Quarter of 2015; Reaffirms Earnings Outlook for the Fiscal Year 2015

Darden Restaurants, Inc. provided earnings outlook for the first, second, third and fourth quarter of 2015. For the first quarter, the company expects adjusted earnings from continuing operations in a range of 28 cents to 30 cents per share. For the second quarter, the company expects adjusted earnings from continuing operations in a range of 24 cents to 28 cents per share. For the third quarter, the company expects adjusted earnings from continuing operations in a range of 80 cents to 84 cents per share. For the fourth quarter, the company expects adjusted earnings from continuing operations in a range of 87 cents to 91 cents per share. The company still expects fiscal 2015 adjusted earnings from continuing operations between $2.22 and $2.30 per share.

 

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DRI:US $47.53 USD +0.32

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Industry Analysis

DRI

Industry Average

Valuation DRI Industry Range
Price/Earnings 34.3x
Price/Sales 1.0x
Price/Book 2.9x
Price/Cash Flow 10.6x
TEV/Sales 0.5x
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