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Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

99.04USD
19 Jan 2018
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$1.68 (+1.73%)
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Latest Key Developments (Source: Significant Developments)

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 Restaurants reports Q1 adj EPS of $0.99 from continuing operations
Tuesday, 26 Sep 2017 07:00am EDT 

Sept 26 (Reuters) - Darden Restaurants Inc :Darden Restaurants reports fiscal 2018 first quarter results and reaffirms financial outlook for the full fiscal year.Q1 sales $1.94 billion versus I/B/E/S view $1.93 billion.Reaffirms FY 2018 adjusted earnings per share view $4.38 to $4.50 from continuing operations.Q1 adjusted earnings per share $0.99 from continuing operations.Sees FY 2018 sales up 11.5 to 13 percent.Q1 earnings per share view $0.99 -- Thomson Reuters I/B/E/S.Darden Restaurants Inc - qtrly ‍blended same-restaurant sales from Darden's legacy brands increased 1.7 percent​.Darden Restaurants Inc - qtrly Olive Garden sales $‍989.9​ million versus $961.2 million.Q1 earnings per share $0.95 from continuing operations.Darden Restaurants Inc - qtrly Olive Garden same-restaurant sales rose 1.9 pct‍​.Darden restaurants inc - ‍fiscal 2018 financial outlook includes expected full financial impact of hurricanes Harvey and Irma​.FY2018 earnings per share view $4.47, revenue view $8.03 billion -- Thomson Reuters I/B/E/S.  Full Article

Darden Restaurants reports Q4 same-restaurant sales growth of 3.3%
Tuesday, 27 Jun 2017 07:00am EDT 

June 27 (Reuters) - Darden Restaurants Inc :Darden Restaurants reports fiscal 2017 fourth quarter and full year results; fourth quarter same-restaurant sales growth of 3.3%; and increases quarterly dividend 12.5%.Qtrly Olive Garden same-restaurant sales rose 4.4 percent .Q4 adjusted earnings per share $1.18 from continuing operations.Q4 sales $1.93 billion versus i/b/e/s view $1.87 billion.Q4 earnings per share view $1.15 -- Thomson Reuters I/B/E/S.Sees FY 2018 adjusted earnings per share $4.38 to $4.50 from continuing operations excluding items.Sees fiscal 2018 same-restaurant sales growth of 1.0% to 2.0%.Sees fiscal 2018 total sales growth of 11.5% to 13.0%.Sees fiscal 2018 total capital spending of $400 to $450 million.Sees new restaurant openings of 35 to 40 restaurants in Fiscal 2018.Qtrly Olive Garden sales $1,027.3 million versus $981.8 million.Qtrly ‍diluted net earnings per share from continuing operations $0.99​.Darden Restaurants Inc qtrly ‍same-restaurant sales increased 3.3% for quarter, excluding Cheddar's Scratch Kitchen​.On June 26, 2017, board of directors increased quarterly dividend 12.5% to $0.63 per common share.Qtrly adjusted earnings per share from continuing operations $1.18.  Full Article

Darden Restaurants to buy Cheddar's Scratch Kitchen for $780 mln
Monday, 27 Mar 2017 04:15pm EDT 

Darden Restaurants Inc : Darden Restaurants agrees to acquire Cheddar's Scratch Kitchen for $780 million; adds a casual dining value leader to Darden's portfolio of differentiated brands . Darden Restaurants Inc - expects between $20 and $25 million of annualized pre-tax run rate synergies from deal by fiscal 2019. . Darden Restaurants Inc says Darden will also pay $10 million for certain Cheddar's transaction-related tax attributes . Darden Restaurants Inc - Ian Baines, ceo of cheddar's, will remain president of Cheddar's and report to Gene Lee, Darden president and ceo . Darden Restaurants - deal expected to be accretive to co's diluted net earnings per share in FY 2018 by about 12 cents, excluding any acquisition and integration-related expenses .Darden Restaurants Inc - agreed to acquire Cheddar's Scratch Kitchen in an all-cash transaction from its stockholders.  Full Article

Darden Restaurants reports Q3 results
Monday, 27 Mar 2017 04:13pm EDT 

Darden Restaurants Inc - : Darden restaurants reports fiscal 2017 third quarter results and increases earnings outlook for the full fiscal year . Q3 sales $1.88 billion versus i/b/e/s view $1.87 billion . Sees fy 2017 earnings per share $3.95 to $4.00 . Q3 earnings per share $1.32 from continuing operations . Says same-restaurant sales increased 0.9% for quarter . Q3 earnings per share view $1.27 -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $3.94 -- Thomson Reuters I/B/E/S . Co estimates that more severe winter weather negatively impacted same-restaurant sales by -110 basis points in December . Says less severe winter weather positively impacted same-restaurant sales by +90 basis points in January and +70 basis points in February .Increased 2017 outlook for diluted net earnings reflects updated outlook for same-restaurant sales of approximately 1.5%..  Full Article

Darden restaurants reports Q2 sales $1.64 billion
Tuesday, 20 Dec 2016 07:00am EST 

Darden Restaurants Inc : Q2 Olive Garden sales $ 915.0 million versus $892.3 million . Qtrly earnings per share from continuing operations $0.64 . Quarter same-restaurant sales increased 1.7 pct for quarter . FY2017 earnings per share view $3.93, revenue view $7.09 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share view $0.64 -- Thomson Reuters I/B/E/S . Darden Restaurants Inc says Q2 same-restaurant sales for Olive Garden rose 2.6 percent . There is now approximately $485 million remaining under current repurchase authorization . Sees 2017 same-restaurant sales of approximately 1.0 pct to 2.0 pct . Darden Restaurants reports fiscal 2017 second quarter results and reaffirms earnings outlook for the full fiscal year . Q2 sales $1.64 billion versus I/B/E/S view $1.65 billion .Reaffirms FY 2017 earnings per share view $3.87 to $3.97.  Full Article

Darden Restaurants announces new board member
Monday, 14 Nov 2016 05:00pm EST 

Darden Restaurants Inc : Announces new board member . Board of directors has appointed Nana Mensah to company's board, effective immediately .Board also voted to expand number of seats on board to eight.  Full Article

BRIEF-Darden Restaurants Increases Fiscal 2018 Financial Outlook

* SEES FY 2018 ADJUSTED EARNINGS PER SHARE $4.70 TO $4.78 FROM CONTINUING OPERATIONS