Edition:
United Kingdom

Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

97.08USD
4:38pm GMT
Change (% chg)

$-0.38 (-0.39%)
Prev Close
$97.46
Open
$97.15
Day's High
$97.61
Day's Low
$96.83
Volume
55,740
Avg. Vol
439,439
52-wk High
$100.10
52-wk Low
$71.43

Latest Key Developments (Source: Significant Developments)

Darden Restaurants Increases Fiscal 2018 Financial Outlook
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Darden Restaurants Inc ::REASES FISCAL 2018 FINANCIAL OUTLOOK.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $4.70 TO $4.78 FROM CONTINUING OPERATIONS.ESTIMATES IT WILL RECORD NON-CASH NET TAX BENEFITS OF ABOUT $0.56/SHARE, RELATED TO REVALUATION OF DEFERRED TAX ITEMS IN 2018.SEES 2018 SAME-RESTAURANT SALES GROWTH OF ABOUT 2 PERCENT.SEES 2018 TOTAL SALES GROWTH OF ABOUT 13 PERCENT.FY2018 EARNINGS PER SHARE VIEW $4.59, REVENUE VIEW $8.09 BILLION -- THOMSON REUTERS I/B/E/S.2018 ADJUSTED EPS OUTLOOK INCLUDES PLANS TO MAKE AN INVESTMENT OF ABOUT $20 MILLION IN WORKFORCE DURING THE YEAR.  Full Article

Darden Restaurants Reports Q2 Adjusted EPS $0.73 From Continuing Operations
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS REPORTS FISCAL 2018 SECOND QUARTER RESULTS; SECOND QUARTER SAME-RESTAURANT SALES GROWTH OF 3.1%; AND INCREASES FINANCIAL OUTLOOK FOR THE FULL FISCAL YEAR.Q2 SALES $1.88 BILLION VERSUS I/B/E/S VIEW $1.85 BILLION.Q2 ADJUSTED EARNINGS PER SHARE $0.73 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE VIEW $0.70 -- THOMSON REUTERS I/B/E/S.QTRLY ‍REPORTED DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS INCREASED 10.9% TO $0.71​.- QTRLY OLIVE GARDEN SALES $951.6 MILLION VERSUS $915.0 MILLION.QTRLY ‍SAME-RESTAURANT SALES FOR OLIVE GARDEN WERE UP 3.0%​.QTRLY ‍SAME-RESTAURANT SALES FOR CHEDDAR'S SCRATCH KITCHEN WERE DOWN 2.0%​.SEES FISCAL 2018 SAME-RESTAURANT SALES GROWTH OF APPROX 2%.SEES FISCAL 2018 TOTAL SALES GROWTH OF APPROX. 13%.QTRLY ‍BLENDED SAME-RESTAURANT SALES FROM DARDEN'S LEGACY BRANDS INCREASED 3.1%​.SEES FISCAL 2018 ADJUSTED DILUTED NET EPS FROM CONTINUING OPERATIONS $4.45 TO $4.53.FY2018 EARNINGS PER SHARE VIEW $4.44, REVENUE VIEW $8.04 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY ‍SHR WAS NEGATIVELY IMPACTED BY APPROXIMATELY $0.02 RELATED TO CHEDDAR'S SCRATCH KITCHEN INTEGRATION EXPENSES​.  Full Article

Four Corners Property Trust Acquires Longhorn Steakhouse Restaurant Property For $1.5 Mln
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Four Corners Property Trust Inc ::FCPT ANNOUNCES ACQUISITION OF LONGHORN STEAKHOUSE RESTAURANT PROPERTY FOR $1.5 MILLION.  Full Article

Darden Restaurants entered into a $750 million revolving credit agreement
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Darden Restaurants Inc :Darden Restaurants says ‍on oct 27, co entered into a $750 million revolving credit agreement - SEC filing​.‍Credit agreement contains a sublimit of $150 million for issuance of letters of credit​.‍Credit agreement matures on October 27, 2022, and proceeds may be used for working capital and capital expenditures​.  Full Article

Darden Restaurants files for shelf offering of debt securities - SEC filing
Thursday, 6 Oct 2016 

Darden Restaurants Inc :Darden Restaurants Inc files for shelf offering of debt securities; size not disclosed - SEC filing.  Full Article

Darden Restaurants reports Q4 earnings per share of $1.09
Thursday, 30 Jun 2016 

Darden Restaurants Reports Fiscal 2016 Fourth Quarter And Full Year Results; Reports Positive Same : Sees 2017 same-restaurant sales growth of 1.0% to 2.0% . Q4 earnings per share $1.10 from continuing operations . Qtrly olive garden total sales $981.8 million versus $1,037 million last year . Qtrly same-restaurant sales increased 1.7% on a fiscal calendar basis . Sees 2017 total capital spending of $310 to $350 million . Qtrly olive garden same-restaurant sales rose 1.6 percent . Sees board of directors increased quarterly dividend to $0 .56 per common share . Darden restaurants inc says new dividend represents a 12% increase over company's previous quarterly dividend of $0.50 . Fy2017 earnings per share view $3.99 -- Thomson Reuters I/B/E/S . Qtrly earnings per share $1.09 . Q4 earnings per share view $1.08 -- Thomson Reuters I/B/E/S . Restaurant sales for all brands; increases quarterly dividend; and provides fiscal 2017 outlook . Sees fy 2017 earnings per share $3.80 to $3.90 .Q4 revenue $1.79 billion versus i/b/e/s view $1.81 billion.  Full Article

SEC says golfer Phil Mickelson should repay trading gains based on tip from Las Vegas gambler
Thursday, 19 May 2016 

: U.S. SEC names golfer phil mickelson as "relief defendant" in civil lawsuit versus thomas Davis, william "billy" walters--filing . SEC says mickelson generated $931,000 profit in 2012 by trading in Dean Foods Co stock based on tip from walters . SEC says walters' tip to mickelson was based on inside information that walters had received from Davis, once dean's chairman . SEC says mickelson had previously placed bets with walters, a well-known gambler, and owed him money at the time of the tip . SEC says mickelson made his trades in three brokerage accounts that he controlled . SEC says mickelson "had not been a frequent trader," and had never bought Dean Foods stock before the 2012 purchase . SEC says mickelson bought his Dean Foods shares on July 30-31, 2012, and sold all of them on August 8, 2012 . SEC says mickelson repaid gambling debts to walters in September 2012, in part with proceeds from his trading in Dean Foods . SEC says mickelson was "unjustly enriched" by his trading and must disgorge his ill-gotten gains . SEC says mickelson's gains stemmed from the securities law violations by Davis and walters . SEC says it would not be "just, equitable, or conscionable" for mickelson to keep his ill-gotten gains.  Full Article

U.S. charges ex-Dean Foods chairman Thomas Davis, pro gambler William "Billy" Walters with insider trading
Thursday, 19 May 2016 

: U.S. unveils insider trading charges against ex-Dean Foods Co chairman Thomas Davis, pro gambler william "billy" walters . U.S. accuses Davis of securities fraud, wire fraud, conspiracy, obstruction of justice, perjury . U.S. accuses walters of securities fraud, wire fraud, conspiracy . U.S. says Davis from 2008-2014 leaked tips about dean's results and outlook, and the spinoff of its whitewave-alpro segment . U.S. says Davis also leaked material nonpublic tips he received from a ny investment firm about Darden Restaurants Inc . U.S. says Davis provided a variety of tips to walters, who then traded on the inside information . U.S. says Davis and walters were friends since the mid-1990s, with shared interests in sports, golf, gambling and business . U.S. says walters gave Davis kickbacks, including loans that were never repaid, in exchange for the inside information . U.S. says walters illegally generated profit of $32 million and avoided losses of $11 million trading in Dean Foods stock . U.S. says walters illegally generated profit of about $1 million trading in Darden stock.  Full Article

Darden Restaurants Board Declares Regular Quarterly Dividend
Thursday, 31 Mar 2016 

Darden Restaurants, Inc:declared a regular quarterly cash dividend of $0.50 per share on the Company's outstanding common stock.The dividend is payable on May 2, 2016 to shareholders of record at the close of business on April 11, 2016.  Full Article

BRIEF-Darden Restaurants Increases Fiscal 2018 Financial Outlook

* SEES FY 2018 ADJUSTED EARNINGS PER SHARE $4.70 TO $4.78 FROM CONTINUING OPERATIONS