Profile: Darden Restaurants Inc (DRI)
4 Dec 2013
Darden Restaurants, Inc., incorporated on March 30, 1995, is a company owned and operated full service restaurant company. As of May 26, 2013, the Company operated through subsidiaries 2,138 restaurants in the United States and Canada. In the United States, it operated 2,105 restaurants in all 50 states, including 822 Olive Garden, 678 Red Lobster, 430 LongHorn Steakhouse, 49 The Capital Grille, 44 Yard House, 33 Bahama Breeze, 31 Seasons 52, nine Eddie V's Prime Seafood, six test synergy restaurants (which house both a Red Lobster and Olive Garden restaurant in the same building) and three Wildfish Seafood Grille restaurants. As of May 26, 2013, it operated 33 restaurants, including 27 Red Lobster and six Olive Garden restaurants in Canada.
Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, and five franchised restaurants in Puerto Rico. As of May 26, 2013, it also had 37 restaurants operated by independent third parties pursuant to area development and franchise agreements, including 23 Red Lobster restaurants in Japan, five LongHorn Steakhouse restaurants in Puerto Rico, four Red Lobster restaurants and two Olive Garden restaurants in the Middle East region (a Red Lobster in Dubai, a Red Lobster in Qatar, a Red Lobster and an Olive Garden in Kuwait, a Red Lobster and an Olive Garden in Abu Dhabi), and two Olive Garden restaurants and one The Capital Grille restaurant in Mexico City.
Olive Garden is a full service dining Italian restaurant operator in the United States. Olive Garden’s menu includes a variety of authentic Italian foods featuring fresh ingredients and a wine list that includes a selection of wines imported from Italy. The menu includes flatbreads and other appetizers; soups, salad and garlic breadsticks; baked pastas; sauteed specialties with chicken, seafood and fresh vegetables; grilled meats, and a variety of desserts. Olive Garden also uses coffee imported from Italy for its espresso and cappuccino.
Red Lobster is a full service dining seafood specialty restaurant operator in the United States. It offers a menu featuring fresh fish, shrimp, crab, lobster, scallops and other seafood in a casual atmosphere. The menu includes a variety of specialty seafood and non-seafood entrees, appetizers and desserts. Red Lobster maintains different lunch and dinner menus and different menus across its trade areas.
LongHorn Steakhouse restaurants are full-service establishments serving both lunch and dinner. With locations in 38 states, primarily in the Eastern half of the United States, LongHorn Steakhouse restaurants feature a range of menu items, including signature fresh steaks and chicken, as well as salmon, shrimp, ribs, pork chops, burgers and prime rib.
The Capital Grille
The Capital Grille has locations in metropolitan cities in the United States. The Capital Grille offers seafood flown in daily and culinary specials created by its chefs. The restaurants feature a wine list offering over 350 selections, personalized service, and private dining rooms.
Bahama Breeze restaurants bring guests the feeling of a Caribbean escape, offering the food, drinks and atmosphere found in the islands. The menu features fresh seafood, chicken and steaks, as well as signature specialty drinks.
Seasons 52 is a grill and wine bar with menus offering a dining experience that celebrates living well. It offers an international wine list of more than 90 wines, with approximately 60 available by the glass. Its private dining rooms create the ideal environment for many social and business events, the Chef's Table provides a setting for chef-hosted customizable food and wine pairing events, while the piano bar, featuring live music every night.
Eddie V's opened in 2000 with an emphasis on prime seafood creations, USDA prime beef and chops, and fresh oyster bar selections. The ambiance is sophisticated and contemporary, with live nightly music in the V-Lounge.
Synergy restaurant houses both a Red Lobster and Olive Garden restaurant in the same building, but with separate front doors, dining rooms and brand-specific menus. It opened a second synergy test location during the fiscal year ended May 26, 2013.
Darden Restaurants Inc
1000 Darden Center Drive
Orlando FL 32837
Company Web Links
- UPDATE 3-Activist steps up push for change at Darden Restaurants
- Activist retains advisors in push for change at Darden Restaurants
- Barington Capital calls for Darden breakup, real estate spinoff
- Barington Capital urges Darden to split company-WSJ
- Darden profit flops, squeezed by U.S. economy and rivals