Last $50.95 USD
Change Today -0.51 / -0.99%
Volume 2.1M
DRI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

darden restaurants inc (DRI) Snapshot

Open
$51.32
Previous Close
$51.46
Day High
$51.44
Day Low
$50.67
52 Week High
12/23/13 - $54.89
52 Week Low
07/17/14 - $43.56
Market Cap
6.8B
Average Volume 10 Days
1.9M
EPS TTM
$1.69
Shares Outstanding
132.6M
EX-Date
10/8/14
P/E TM
30.1x
Dividend
$2.20
Dividend Yield
4.32%
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: 09/12/14
Founded in 1968

darden restaurants inc (DRI) Top Compensated Officers

Chief Executive Officer and Chairman of Execu...
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 Board Changes

Starboard Value LP announced that Glass Lewis & Co., LLC has recommended that Darden shareholders vote on Starboard's WHITE proxy card to elect all twelve of Starboard's highly qualified nominees, Betsy S. Atkins, Margaret Shan Atkins, Jean M. Birch, Bradley D. Blum, Peter A. Feld, James P. Fogarty, Cynthia T. Jamison, William H. Lenehan, Lionel L. Nowell, III, Jeffrey C. Smith, Charles M. Sonsteby, and Alan N. Stillman, to the Darden board of directors at the upcoming 2014 Annual Meeting of Shareholders.

Teamsters Shareholder Group Files New Suit Against Darden Restaurants over Red Lobster Sale

Darden Restaurants is facing a second lawsuit from a Teamsters shareholder group in Connecticut over the controversial sale of Red Lobster in July. The new suit, filed on behalf of Teamsters Local 443 Health Services and Insurance Plan in Connecticut, says that executives of the Orlando-based company painted Red Lobster as a lost cause while in private discussions they announced they believed that the chain's woes were reversible.

Darden Restaurants, Inc. Declares Quarterly Dividend, Payable on November 3, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended August 24, 2014; Provides Earnings Guidance for the Second Quarter, Third Quarter, Fourth Quarter and Full Year of Fiscal 2015

Darden Restaurants, Inc.'s Board of Directors declared a quarterly cash dividend of 55 cents per share on the company's outstanding common stock, equating to a $2.20 per share dividend on an annual basis. The dividend is payable on November 3, 2014 to shareholders of record at the close of business on October 10, 2014. The company reported unaudited consolidated earnings results for the first quarter ended August 24, 2014. For the quarter, the company reported sales of $1,595.8 million compared to $1,531.5 million a year ago. Loss before income taxes was $43.7 million compared to earnings before income taxes of $49.8 million a year ago. Loss from continuing operations was $19.3 million or $0.14 per diluted share compared to earnings from continuing operations of $42.2 million or $0.32 per basic and diluted share a year ago. Net cash provided by operating activities was $44.6 million compared to $217.0 million a year ago. Purchases of land, buildings and equipment were $88.6 million compared to $174.3 million a year ago. The increase in sales for the first quarter of this fiscal year reflects the operation of 55 net new restaurants compared to the first quarter last fiscal year and same restaurant-sales increases for LongHorn Steakhouse and the company's specialty restaurants, slightly offset by a same-restaurant sales decline for Olive Garden. Sales decline was driven by a same-restaurant sales decrease of 1.3% for the quarter, which was 70 basis points below the industry benchmark, but an improvement of 250 basis points versus the previous quarter's industry sales gap. The company also commented on its sales and earnings expectations for fiscal year 2015. The company announced that it expects diluted net earnings per share from continuing operations of $1.74 to $1.84 for fiscal 2015. On an adjusted basis, the company continues to anticipate diluted net earnings per share from continuing operations of $2.22 to $2.30 for the year, which excludes the cost of shared support incurred prior to the sale of Red Lobster that moved to Red Lobster with the sale, costs the company expects to incur in connection with implementation of its strategic action plan, asset impairment charges and debt breakage costs. The company estimates that annual effective tax rate will be approximately 10%. For the second quarter of 2015, the company expects diluted net earnings per share from continuing operations of $0.21 to $0.23 and adjusted diluted net earnings per share from continuing operations of $0.26 to $0.28. For the third quarter of 2015, the company expects diluted net earnings per share from continuing operations of $0.80 to $0.84 and adjusted diluted net earnings per share from continuing operations of $0.80 to $0.84. For the fourth quarter of 2015, the company expects diluted net earnings per share from continuing operations of $0.87 to $0.91 and adjusted diluted net earnings per share from continuing operations of $0.87 to $0.91.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DRI:US $50.95 USD -0.51

DRI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bloomin' Brands Inc $18.12 USD -0.22
Brinker International Inc $50.14 USD -0.65
Elior Participations SCA €13.02 EUR -0.01
Panera Bread Co $164.45 USD +1.73
Tim Hortons Inc C$87.87 CAD 0.00
View Industry Companies
 

Industry Analysis

DRI

Industry Average

Valuation DRI Industry Range
Price/Earnings 56.3x
Price/Sales 1.1x
Price/Book 3.2x
Price/Cash Flow 12.8x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DARDEN RESTAURANTS INC, please visit www.darden.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.