Key Developments: Darden Restaurants Inc (DRI)

DRI on New York Consolidated

58.40USD
26 Dec 2014
Price Change (% chg)

$-0.02 (-0.03%)
Prev Close
$58.42
Open
$58.45
Day's High
$58.93
Day's Low
$58.25
Volume
431,734
Avg. Vol
1,789,516
52-wk High
$58.99
52-wk Low
$43.56

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Latest Key Developments (Source: Significant Developments)

Darden Restaurants Inc raises low end of prior FY 2015 EPS guidance
Tuesday, 16 Dec 2014 04:05pm EST 

Darden Restaurants Inc:Tightens its current projected range for adjusted diluted net earnings per share from continuing operations for FY 2015.Expects FY 2015 adjusted earnings per share to increase between 32pct and 35pct versus FY 2014 to $2.25 - $2.30.Says lower end of our guidance increased from the $2.22 previously communicated in Sept.FY 2015 EPS of $2.26 - Thomson Reuters I/B/E/S.  Full Article

Darden Restaurants Inc declares regular quarterly dividend
Tuesday, 16 Dec 2014 04:05pm EST 

Darden Restaurants Inc:Declared regular quarterly cash dividend of $0.55 per share on company's outstanding common stock.Dividend is payable on Feb. 2, 2015 to shareholders of record at close of business on Jan. 9, 2015.  Full Article

Darden Restaurants Inc announces management change
Tuesday, 18 Nov 2014 04:30pm EST 

Darden Restaurants Inc:Says Brad Richmond, Chief Financial Officer, to retire after 32 years effective at the end of March 2015 or sooner if a successor is appointed.  Full Article

Darden Restaurants Inc announces appointment of interim chief executive officer - Form 8-K
Thursday, 16 Oct 2014 03:46pm EDT 

Darden Restaurants Inc:Says on Oct. 13, board of company appointed Eugene I. Lee, Jr. to the position of interim chief executive officer effective immediately.Lee continues in his position as president of company.  Full Article

Darden Restaurants Inc sees Q2 2015 EPS guidance at top end of prior guidance range
Thursday, 2 Oct 2014 07:00am EDT 

Darden Restaurants Inc:Expects Q2 2015 adjusted diluted net earnings per share from continuing operations to be at the upper end of its previously announced range of $0.26 to $0.28.Q2 2015 EPS of $0.26 - Thomson Reuters I/B/E/S.  Full Article

Darden Restaurants declares quarterly dividend
Friday, 12 Sep 2014 07:00am EDT 

Darden Restaurants Inc:Declares a quarterly cash dividend of $0.55 per share on the company's outstanding common stock.Payable on Nov. 3 to shareholders of record at the close of business on Oct. 10.  Full Article

Darden Restaurants Inc reaffirms FY 2015 outlook
Friday, 12 Sep 2014 07:00am EDT 

Darden Restaurants Inc:Expects FY 2015 diluted net earnings per share from continuing operations of $1.74 to $1.84.On an adjusted basis, it continues to expects FY 2015 diluted net earnings per share from continuing operations of $2.22 to $2.30.FY 2015 EPS of $2.23 - Thomson Reuters I/B/E/S.  Full Article

Darden Restaurants Inc gives Q1 2014 EPS guidance above analysts' estimates
Tuesday, 2 Sep 2014 08:30am EDT 

Darden Restaurants Inc:Expects Q1 2014 diluted net loss per share from continuing operations to be about 13 to 15 cents.Expects Q1 2014 diluted net earnings per share from continuing operations to be about 31 to 33 cents on adjusted basis.Q1 2014 EPS of $0.30 - Thomson Reuters I/B/E/S.  Full Article

Darden Restaurants Inc reaffirms FY 2015 EPS guidance; gives Q1 2015 EPS guidance below estimates; gives Q2, Q4 2015 EPS guidance above estimates; gives Q3 2014 EPS guidance in line with estimates
Monday, 11 Aug 2014 08:30am EDT 

Darden Restaurants Inc:Affirms its annual diluted earnings per share outlook for FY 2015, which is $1.81 to $1.90 for earnings from continuing operations.Continues to anticipate diluted net earnings per share from continuing operations of $2.22 to $2.30 for FY 2015.Expects Q1 2015 diluted net EPS from continuing operations of ($0.16-$0.18).Expects Q1 2015 adjusted diluted Net EPS from continuing operations of $0.28 - $0.30.Expects Q2 2015 diluted net EPS from continuing operations of $0.24 - $0.28.Expects Q2 2015 adjusted diluted Net EPS from continuing operations of $0.24 - $0.28.Expects Q3 2015 diluted net EPS from continuing operations of $0.80 - $0.84.Expects Q3 2015 adjusted diluted Net EPS from continuing operations of $0.80 - $0.84.Expects Q4 2015 diluted net EPS from continuing operations of $1.81 - $1.90.Expects Q4 2015 adjusted diluted Net EPS from continuing operations of $2.22 - $2.30.FY 2015 EPS of $2.25 - Thomson Reuters I/B/E/S.Q1 2015 EPS of $0.47 - Thomson Reuters I/B/E/S.Q2 2015 EPS of $0.22 - Thomson Reuters I/B/E/S.Q3 2015 EPS of $0.82 - Thomson Reuters I/B/E/S.Q4 2015 EPS of $0.73 - Thomson Reuters I/B/E/S.  Full Article

Darden Restaurants Inc announces leadership succession plan
Monday, 28 Jul 2014 04:31pm EDT 

Darden Restaurants Inc:Announces that Clarence Otis is stepping down as Chairman and Chief Executive Officer of the company.Appointed the company's current Independent Lead Director, Charles A. Ledsinger, Jr., as Independent Non-Executive Chairman of the Board, effective immediately.To ensure a smooth transition, Otis has agreed to continue serving as Chief Executive Officer of Darden until the earlier of the appointment of his successor or Dec. 31.  Full Article

UPDATE 2-Starboard intervention helps boost Darden sales

* Q2 adj earnings/shr $0.28 vs. Est. $0.27 (Adds details from conference call, share milestone)

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