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Darden Restaurants Reports Financial Results and Provides 2021 First Quarter Outlook

Darden Restaurants, Inc., reported its financial results for the fourth quarter and fiscal year ended May 31, 2020, which included a 53rd week of operations compared to 52 weeks last year.

Statement from Gene Lee, CEO:

"The strategy we put in place five years ago helped us successfully navigate one of the most challenging periods in our Company's history. When our dining rooms closed, our operators did an amazing job of reimagining the guest experience by staying true to our back-to-basics operating philosophy.

We benefited greatly from our competitive advantages that form the foundation of our strategy, especially our scale and our culture. Our scale allowed us to quickly react to...

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Jun 26 8:12 AM, General News



Darden Restaurants Provides Business Update

Darden Restaurants, Inc., provided an update of certain business results given the dynamic environment resulting from COVID-19.

"As we continue to reopen our dining rooms, we remain dedicated to providing a safe environment for our team members and guests," said CEO Gene Lee. "Early signs show that our loyal guests are grateful for the opportunity to dine-in with us, and they appreciate the added safety measures we have implemented. At the same time, our To Go business remains strong. I am pleased that we are able to return some team members from furlough to support these phased openings, and we look forward to safely serving more guests as...

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May 21 8:19 AM, General News


Darden Restaurants Reports Fiscal 2020 Third Quarter Results

Darden Restaurants, Inc., reported its financial results for the third quarter ended February 23, 2020.

Third Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

Total sales increased 4.5% to $2.35 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 2.3%

Same-restaurant sales by brand:

  • +2.1% for Olive Garden
  • -1.6% for Cheddar's Scratch Kitchen
  • +3.9% for LongHorn Steakhouse...
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Mar 20 8:21 AM, General News


Darden Restaurants Reports Fiscal 2020 First Quarter Results

Darden Restaurants, Inc., today reported its financial results for the first quarter ended August 25, 2019.

First Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

Total sales increased 3.5% to $2.13 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 0.9%
Same-restaurant sales by brand...

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Sep 19 9:26 AM, General News




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