Darden Restaurants Inc (DRI.N)
26 Dec 2014
|Market Cap (Mil.):||$7,746.61|
|Shares Outstanding (Mil.):||132.65|
* Q2 adj earnings/shr $0.28 vs. Est. $0.27 (Adds details from conference call, share milestone)
- Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales, helped by higher comparable sales at its flagship Olive Garden chain, and raised the lower end of its adjusted profit forecast for the full year.
Dec 16 - Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales as demand rose at its flagship Olive Garden chain.
Nov 13 - Darden Restaurants Inc said it would revise management pay, ditch its poison pill and make it easier for shareholders to call special meetings as activist investor Starboard Value LP puts its stamp on the owner of the Olive Garden restaurant chain.
Nov 11 - Ebix Inc shareholder Barington Capital Group said the insurance software maker needs new independent directors to improve oversight and suggested four candidates.
(The following statement was released by the rating agency) NEW YORK, October 21 (Fitch) Recent managerial changes at Darden Restaurants have sent the company's credit default swap (CDS) spreads to levels not seen in over a year, according to Fitch Solutions in its latest CDS case study snapshot. Five-year CDS on Darden have widened 47% over the past month. After pricing historically at 'BB+' levels, credit protection on Darden's debt is now pricing a notch lower in 'BB' territory. Increas
- Darden Restaurants Inc on Tuesday announced new leadership following a board coup by activist investor Starboard Value LP, whose recipe for fixing the company's ailing Olive Garden chain included salting pasta water, doling out fewer free breadsticks and pushing more wine.
Oct 14 - Darden Restaurants Inc on Tuesday announced new leadership following a board coup by activist investor Starboard Value LP, whose recipe for fixing the company's ailing Olive Garden chain included salting pasta water, doling out fewer free breadsticks and pushing more wine.
Oct 14 - Darden Restaurants Inc said Chief Operating Officer Gene Lee would take over as its interim chief executive, replacing Clarence Otis.
ORLANDO/LOS ANGELES - Activist shareholder Starboard Value LP won its standoff with Darden Restaurants Inc , convincing shareholders to replace the entire board of the Olive Garden parent, a rare victory for dissident investors.
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Earnings vs. Estimates
Analyst Research Reports
Provider: Thomson Reuters Stock Report
Trading Report for (DRI). A detailed report, including free correlated market analysis, and updates.
Provider: Stock Traders Daily
Provider: New Constructs, LLC
Jefferson Research Financial Sonar Report. A detailed analysis of the current fundamental performance of DARDEN RESTAURANTS INC including Earnings Quality, Cash Flow Quality, Operating Efficiency, Balance Sheet Quality and Valuation.
Provider: Jefferson Research
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