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Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

61.56USD
29 Jul 2016
Change (% chg)

$0.43 (+0.70%)
Prev Close
$61.13
Open
$61.08
Day's High
$61.72
Day's Low
$60.82
Volume
606,794
Avg. Vol
526,427
52-wk High
$68.68
52-wk Low
$53.41

Latest Key Developments (Source: Significant Developments)

Darden Restaurants reports Q4 earnings per share of $1.09
Thursday, 30 Jun 2016 07:12am EDT 

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 08:30am EDT 

: 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 08:23am EDT 

: 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 05:00pm EDT 

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

Darden Restaurants declares updated dividend and authorizes a new share repurchase program
Friday, 18 Dec 2015 07:00am EST 

Darden Restaurants Inc:Has declared a regular quarterly cash dividend of $0.50 per common share, a 14% increase, compared to the minimum quarterly dividend of $0.4375 disclosed on November 9, 2015.Dividend is payable February 1, 2016 to shareholders of record at the close of business on January 8, 2016.Darden's Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $500 million of its outstanding common stock.Repurchase program does not have an expiration and replaces all other outstanding share repurchase authorizations.  Full Article

Darden Restaurants Inc raises FY 2016 outlook
Friday, 18 Dec 2015 07:00am EST 

Darden Restaurants Inc:Increased the outlook for FY 2016 same-restaurant sales to 2.5 pct. to 3.0 pct. and adjusted diluted net earnings per share to $3.25 to $3.35.Updated guidance takes into account an expected reduction of diluted earnings per share of about 0.08 related to the recently completed real estate transactions, excluding advisory fees and other one-time expenses.  Full Article

Darden Restaurants Inc raises FY 2016 EPS guidance
Tuesday, 22 Sep 2015 07:00am EDT 

Darden Restaurants Inc:Expects FY 2016 range for fiscal 2016 adjusted earnings per diluted share from continuing operations to $3.15 to $3.30, from the $3.05 to $3.20 previously announced on June 23, 2015.FY 2016 EPS of $3.13 - Thomson Reuters I/B/E/S.  Full Article

Darden Restaurants, Inc declares regular quarterly cash dividend
Thursday, 17 Sep 2015 04:07pm EDT 

Darden Restaurants, Inc:Declares regular quarterly cash dividend of $0.55 per share.Payable on Nov. 2 to shareholders of record at the close of business on Oct. 9.  Full Article

Darden Restaurants Inc names Jeffrey Davis Chief Financial Officer
Wednesday, 8 Jul 2015 04:30pm EDT 

Darden Restaurants Inc:Announced the appointment of Jeffrey Davis as its Senior Vice President and Chief Financial Officer, effective July 16, 2015.Davis will succeed Brad Richmond.  Full Article

Darden Restaurants, Inc gives FY 2016 same restaurant sales growth guidance
Tuesday, 23 Jun 2015 07:30am EDT 

Darden Restaurants, Inc:Sees FY 2016 Same-restaurant sales growth, on a 52-week basis, of 2.0 pct. to 2.5 pct.Sees FY 2016 adjusted earnings per diluted share growth of about 20 pct. to 25 pct., on a 52-week basis, resulting in adjusted earnings per diluted share of $3.05 to $3.20.  Full Article

Darden Restaurants quarterly sales disappoint, shares slide

Darden Restaurants Inc reported lower-than-expected quarterly sales as fewer customers visited its flagship Olive Garden restaurants, and shares tumbled as much as 5 percent.