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Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Darden CFO Says Lowered FY Same-Store Sales Guidance Includes Cheddar, Where Same-Store Sales Are Expected To Be Weak - Conf Call
Thursday, 21 Jun 2018 01:23pm EDT 

June 21 (Reuters) - Darden Restaurants Inc ::DARDEN CFO SAYS LOWERED FY SAME-STORE SALES GUIDANCE INCLUDES CHEDDAR, WHERE SAME-STORE SALES ARE EXPECTED TO BE WEAK - CONF CALL.DARDEN CFO SAYS EXPECTS TO HAVE VERY LITTLE MARGIN GROWTH NEXT YEAR AS CO INVESTS IN WORKFORCE, CONTINUES TO PRICE BELOW INFLATION - CONF CALL.DARDEN CFO SAYS EXPECTS OPERATING MARGIN GROWTH NEXT YEAR TO BE FLAT TO UP 20 BASIS POINTS DUE TO LABOUR INVESTMENTS, CHEDDAR ACQUISITION - CONF CALL.DARDEN CEO ON CHEDDAR SAYS "YOU'LL START TO SEE US SLOWLY BRINGING BACK SOME PROMOTIONAL ACTIVITY" - CONF CALL.  Full Article

Darden Q4 Same-Restaurant Sales Grow 2.2 Pct
Thursday, 21 Jun 2018 07:00am EDT 

June 21 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS REPORTS FISCAL 2018 FOURTH QUARTER AND FULL YEAR RESULTS; FOURTH QUARTER SAME-RESTAURANT SALES GROWTH OF 2.2%; INCREASES QUARTERLY DIVIDEND 19% TO $0.75; AND PROVIDES FISCAL 2019 OUTLOOK.Q4 SALES $2.13 BILLION VERSUS I/B/E/S VIEW $2.13 BILLION.SEES FY 2019 EARNINGS PER SHARE $5.40 TO $5.56 FROM CONTINUING OPERATIONS.Q4 ADJUSTED EARNINGS PER SHARE $1.39 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE VIEW $1.35 -- THOMSON REUTERS I/B/E/S.SEES FY2019 SAME-RESTAURANT SALES GROWTH OF 1.0% TO 2.0%.QTRLY OLIVE GARDEN SALES $1,067.9 MILLION VERSUS $1,027.3 MILLION.SEES FY2019 TOTAL SALES GROWTH OF 4.0% TO 5.0%.SEES FY2019 TOTAL CAPITAL SPENDING OF $425 MILLION TO $475 MILLION.QTRLY U.S. SAME-RESTAURANT SALES FOR OLIVE GARDEN ROSE 2.4 PERCENT.BOARD INCREASED QUARTERLY DIVIDEND 19% TO $0.75 PER COMMON SHARE.QTRLY REPORTED DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS $1.40.QTRLY SAME-RESTAURANT SALES FOR CHEDDAR'S SCRATCH KITCHEN WERE DOWN 4.7 PERCENT.BOARD AUTHORIZED A NEW SHARE REPURCHASE PROGRAM OF UP TO $500 MILLION.ESTIMATES THAT SEVERE WINTER WEATHER NEGATIVELY IMPACTED SAME-RESTAURANT SALES BY -30 BASIS POINTS IN Q4.Q4 EARNINGS PER SHARE VIEW $1.35, REVENUE VIEW $2.13 BILLION -- THOMSON REUTERS I/B/E/S.FY EARNINGS PER SHARE VIEW $5.41 -- THOMSON REUTERS I/B/E/S.  Full Article

Darden Restaurants Names Dave George Chief Operating Officer​
Monday, 22 Jan 2018 04:30pm EST 

Jan 22 (Reuters) - Darden Restaurants Inc ::DARDEN RESTAURANTS INC - ‍ANNOUNCED APPOINTMENT OF DAVE GEORGE AS EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER​.DARDEN RESTAURANTS INC - ‍DAN KIERNAN HAS BEEN NAMED PRESIDENT, OLIVE GARDEN, EFFECTIVE IMMEDIATELY​.  Full Article

Darden Restaurants Increases Fiscal 2018 Financial Outlook
Monday, 8 Jan 2018 07:00am EST 

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 07:00am EST 

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 01:48pm EST 

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 05:54pm EDT 

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 reports possible data breach at Cheddar's Scratch Kitchen

Darden Restaurants Inc said on Wednesday it was recently notified by federal authorities that guest data from certain of its Cheddar's Scratch Kitchen restaurants may have been compromised in a cyber attack incident.