Edition:
United Kingdom

Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

118.61USD
3:45pm BST
Change (% chg)

$0.68 (+0.58%)
Prev Close
$117.93
Open
$117.84
Day's High
$119.09
Day's Low
$117.65
Volume
29,415
Avg. Vol
314,093
52-wk High
$124.00
52-wk Low
$84.38

Latest Key Developments (Source: Significant Developments)

Darden Restaurants Sees 2019 Same-Restaurant Sales Growth 2.5% To 2.7%
Thursday, 21 Mar 2019 

March 21 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS REPORTS FISCAL 2019 THIRD QUARTER RESULTS; INCREASES FINANCIAL OUTLOOK FOR THE FULL FISCAL YEAR; AND DECLARES REGULAR QUARTERLY DIVIDEND.Q3 SALES $2.25 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.24 BILLION.QTRLY REPORTED DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS INCREASED 3.4% TO $1.80.QTRLY BLENDED SAME-RESTAURANT SALES INCREASE OF 2.8%.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.75PER SHARE.SEES 2019 TOTAL SALES GROWTH APPROX. 5.5%.QTRLY SAME-RESTAURANT SALES +4.3% FOR OLIVE GARDEN.SEES 2019 SAME-RESTAURANT SALES GROWTH 2.5% TO 2.7%.SEES 2019 DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATION OF $5.76 - $5.80.QTRLY SAME-RESTAURANT SALES +3.8% FOR LONGHORN STEAKHOUSE.FY2019 EARNINGS PER SHARE VIEW $5.70, REVENUE VIEW $8.52 BILLION -- REFINITIV IBES DATA.QTRLY SAME-RESTAURANT SALES -2.7% FOR CHEDDAR'S SCRATCH KITCHEN.Q3 EARNINGS PER SHARE VIEW $1.75, REVENUE VIEW $2.24 BILLION -- REFINITIV IBES DATA.  Full Article

Darden Restaurants Q2 Adjusted Earnings From Continuing Operations $0.92 Per Share
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS REPORTS FISCAL 2019 SECOND QUARTER RESULTS AND INCREASES FINANCIAL OUTLOOK FOR THE FULL FISCAL YEAR.Q2 SALES $1.97 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.98 BILLION.SEES FY 2019 EARNINGS PER SHARE $5.60 TO $5.70 FROM CONTINUING OPERATIONS.QTRLY SAME-RESTAURANT SALES UP 3.5% FOR OLIVE GARDEN.QTRLY DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS INCREASED 29.6% TO $0.92.QTRLY SAME-RESTAURANT SALES DOWN 4.0% FOR CHEDDAR'S SCRATCH KITCHEN.QTRLY BLENDED SAME-RESTAURANT SALES INCREASE OF 2.1%.UPDATED FISCAL 2019 FORECAST FOR SAME-RESTAURANT SALES GROWTH TO APPROXIMATELY 2.5%.UPDATED FISCAL 2019 FORECAST FOR DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS TO RANGE BETWEEN $5.60 AND $5.70.QTRLY ADJUSTED EARNINGS FROM CONTINUING OPERATIONS $0.92 PER SHARE.FY EARNINGS PER SHARE VIEW $5.65 -- REFINITIV IBES DATA.  Full Article

Darden Restaurants Q1 Sales $2.06 Billion
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS REPORTS FISCAL 2019 FIRST QUARTER RESULTS AND INCREASES FINANCIAL OUTLOOK FOR THE FULL FISCAL YEAR.Q1 SALES $2.06 BILLION VERSUS I/B/E/S VIEW $2.03 BILLION.QTRLY BLENDED SAME-RESTAURANT SALES UP 3.3%.QTRLY SAME-RESTAURANT SALES INCREASED 5.3% FOR OLIVE GARDEN.QTRLY NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS UP 41.1% TO $1.34.QTRLY SAME-RESTAURANT SALES DOWN 4.0% FOR CHEDDAR'S SCRATCH KITCHEN.QTRLY OLIVE GARDEN SALES $1,052.0 MILLION VERSUS $989.9 MILLION.SEES SAME-RESTAURANT SALES GROWTH FROM 2.0% TO 2.5% FOR 2019.SEES TOTAL SALES GROWTH OF 5.0% TO 5.5% FOR FISCAL 2019.DARDEN RESTAURANTS -SEES FISCAL 2019 DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS BETWEEN $5.52 - $5.65.FY EARNINGS PER SHARE VIEW $5.55, REVENUE VIEW $8.47 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY U.S. SAME-RESTAURANT SALES DOWN 4.0% FOR CHEDDAR'S SCRATCH KITCHEN.  Full Article

Darden Restaurants Q3 Sales $2.13 Bln Vs I/B/E/S View $2.14 Bln
Thursday, 22 Mar 2018 

March 22 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS REPORTS FISCAL 2018 THIRD QUARTER RESULTS AND INCREASES FINANCIAL OUTLOOK FOR THE FULL FISCAL YEAR.Q3 SALES $2.13 BILLION VERSUS I/B/E/S VIEW $2.14 BILLION.Q3 ADJUSTED EARNINGS PER SHARE $1.71 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $1.64 -- THOMSON REUTERS I/B/E/S.QTRLY OLIVE GARDEN SAME-RESTAURANT SALES ROSE ‍2.2​ PERCENT.QTRLY OLIVE GARDEN SALES $ ‍1,073.2​ MILLION VERSUS $1,035.1 MILLION.‍INCREASED ITS FINANCIAL OUTLOOK FOR FISCAL 2018​.SEES 2018 ‍ADJUSTED DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS $4.75 TO $4.80​.DARDEN RESTAURANTS - QTRLY BLENDED SAME-RESTAURANT SALES FROM DARDEN'S LEGACY BRANDS INCREASED 2.0%.DARDEN RESTAURANTS - QTRLY EARNINGS PER SHARE FROM CONTINUING OPERATIONS $1.74.  Full Article

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 reports Q1 adj EPS of $0.99 from continuing operations
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - Darden Restaurants Inc :Darden Restaurants reports fiscal 2018 first quarter results and reaffirms financial outlook for the full fiscal year.Q1 sales $1.94 billion versus I/B/E/S view $1.93 billion.Reaffirms FY 2018 adjusted earnings per share view $4.38 to $4.50 from continuing operations.Q1 adjusted earnings per share $0.99 from continuing operations.Sees FY 2018 sales up 11.5 to 13 percent.Q1 earnings per share view $0.99 -- Thomson Reuters I/B/E/S.Darden Restaurants Inc - qtrly ‍blended same-restaurant sales from Darden's legacy brands increased 1.7 percent​.Darden Restaurants Inc - qtrly Olive Garden sales $‍989.9​ million versus $961.2 million.Q1 earnings per share $0.95 from continuing operations.Darden Restaurants Inc - qtrly Olive Garden same-restaurant sales rose 1.9 pct‍​.Darden restaurants inc - ‍fiscal 2018 financial outlook includes expected full financial impact of hurricanes Harvey and Irma​.FY2018 earnings per share view $4.47, revenue view $8.03 billion -- Thomson Reuters I/B/E/S.  Full Article

Darden Restaurants reports Q4 same-restaurant sales growth of 3.3%
Tuesday, 27 Jun 2017 

June 27 (Reuters) - Darden Restaurants Inc :Darden Restaurants reports fiscal 2017 fourth quarter and full year results; fourth quarter same-restaurant sales growth of 3.3%; and increases quarterly dividend 12.5%.Qtrly Olive Garden same-restaurant sales rose 4.4 percent .Q4 adjusted earnings per share $1.18 from continuing operations.Q4 sales $1.93 billion versus i/b/e/s view $1.87 billion.Q4 earnings per share view $1.15 -- Thomson Reuters I/B/E/S.Sees FY 2018 adjusted earnings per share $4.38 to $4.50 from continuing operations excluding items.Sees fiscal 2018 same-restaurant sales growth of 1.0% to 2.0%.Sees fiscal 2018 total sales growth of 11.5% to 13.0%.Sees fiscal 2018 total capital spending of $400 to $450 million.Sees new restaurant openings of 35 to 40 restaurants in Fiscal 2018.Qtrly Olive Garden sales $1,027.3 million versus $981.8 million.Qtrly ‍diluted net earnings per share from continuing operations $0.99​.Darden Restaurants Inc qtrly ‍same-restaurant sales increased 3.3% for quarter, excluding Cheddar's Scratch Kitchen​.On June 26, 2017, board of directors increased quarterly dividend 12.5% to $0.63 per common share.Qtrly adjusted earnings per share from continuing operations $1.18.  Full Article