$DRI (Darden Restaurants, Inc.)

$DRI {{ '2016-06-30T12:52:39+0000' | timeago}} • Webcast

$DRI said FY16 segment profit includes the incremental rent and other tax expense associated with the real estate transactions, whereas FY15 did not include these costs. In total, these costs were $30MM for 4Q16. The benefits of lower depreciation and interest savings, which were $27MM, are not recognized in segment profit.

$DRI {{ '2018-01-08T12:47:35+0000' | timeago}} • Announcement

Restaurant operator $DRI has raised its outlook of non-GAAP earnings per share from continuing operations for fiscal 2018 to the range of $4.70 to $4.78 from the earlier estimate of $4.45-$4.53 per share. Meanwhile, the company confirmed its fully year sales growth guidance of 13%, and reiterated the same-restaurant sales growth estimate of 2%.

$DRI {{ '2017-12-20T20:05:48+0000' | timeago}} • Webcast

$DRI said it is about 30% online now and continues to grow. The company gets lot of data from online orders as it is an important part of the process for simplifying the operation. $DRI will continue to try to migrate as much of that business over as possible. At the end of the day, $DRI got lot of phone-in orders when people are driving home.

$DRI {{ '2017-12-20T19:56:46+0000' | timeago}} • Webcast

$DRI said restaurant labor for 2Q18 was unfavorable by 30 basis points compared to last year due to Cheddar's brand mix. Restaurant labor in the company's legacy Darden brands was in line with last year due to continued productivity gains and sales leverage despite inflation of about 4%.

$DRI {{ '2017-12-20T19:55:53+0000' | timeago}} • Webcast

$DRI said food and beverage costs for 2Q18 were favorable by 20 basis points as pricing of about 1.5% and costs savings more than offset commodity cost inflation of just under 1% and its continued investments in food quality.

$DRI {{ '2017-12-19T13:05:45+0000' | timeago}} • Announcement

$DRI now expects FY18 sales growth of about 13% compared to prior estimate of 11.5-13%. Same-restaurant sales growth is now predicted to be about 2% compared to prior forecast of 1-2%. The company lifted FY18 EPS from continuing operations guidance to $4.45-4.53 from $4.38-4.50.

$DRI {{ '2017-12-19T13:03:23+0000' | timeago}} • Announcement

$DRI's same-restaurant sales for 2Q18 increased 3% for Olive Garden and up 3.8% for LongHorn Steakhouse. Same-restaurant traffic rose 1.1% for Olive Garden and up 0.9% for LongHorn Steakhouse. CEO Gene Lee said the company's strong same-restaurant sales and new restaurant growth drove continued market share gains during the quarter.

$DRI {{ '2017-12-19T13:00:20+0000' | timeago}} • Announcement

$DRI reported a rise in 2Q18 earnings from continuing operations driven by higher same-restaurant sales and new restaurant growth. Earnings from continuing operations rose to $88.6MM or $0.71 per share from $79.7MM or $0.64 per share a year ago. Sales grew 15% to $1.9Bil. Adjusted EPS increased 14.1% to $0.73.

$DRI {{ '2017-12-19T12:43:53+0000' | timeago}} • Infographic

$DRI Darden Restaurants Inc. Earnings AlphaGraphic: Q2 2018 Highlights

$DRI {{ '2017-12-15T11:02:32+0000' | timeago}} • Announcement

$DRI BoD declared a regular quarterly cash dividend of $0.63 per share on its outstanding common stock. The dividend is payable on Feb. 1, 2018 to shareholders of record at the close of business on Jan. 10, 2018.

$FCPT {{ '2017-11-27T20:00:28+0000' | timeago}} • Announcement

$FCPT announced the disposition of an Olive Garden restaurant property leased to $DRI for $5.1MM. The property is located in Pinellas Park, Florida, and is occupied under a triple-net lease with approx. 16 years of term remaining. The sale is the result of an unsolicited offer at a cash cap rate of 4.7%, exclusive of transaction costs.

$DRI {{ '2017-09-26T15:21:08+0000' | timeago}} • Infographic

$DRI Darden Restaurants Earnings AlphaGraphic: Q1 2018 Highlights

$DRI {{ '2017-09-26T11:31:14+0000' | timeago}} • Announcement

$DRI reaffirmed its outlook for FY18 total sales growth of 11.5-13%. Same-restaurant sales growth from legacy Darden brands is seen at about 1.0-2.0%. The Olive Garden parent also reaffirmed adjusted diluted net EPS from continuing operations at $4.38-4.50, includes the expected full financial impact of Hurricanes Harvey and Irma.

$DRI {{ '2017-09-26T11:28:02+0000' | timeago}} • Announcement

Olive Garden parent $DRI posted a bump in net earnings from continuing operations of $121.3MM or $0.97 per diluted share for 1Q18, from last year's $111.1MM or $0.89 per share. Total sales soared 12.9% to $1.94Bil, including 11.2% growth from the addition of 141 Cheddar's Scratch Kitchens and 21 other net new restaurants.

$DRI {{ '2017-09-21T22:22:52+0000' | timeago}} • Announcement

$DRI declared a regular quarterly cash dividend of $0.63 per share on its outstanding common stock, payable on November 1, 2017 to shareholders of record on October 10, 2017.

$FCPT {{ '2017-09-13T21:20:49+0000' | timeago}} • Announcement

$FCPT announced the disposition of an Olive Garden restaurant property leased to $DRI for $5.9MM. The property is located in Fairfax, Virginia, and is occupied under a triple-net lease with approx. 16 years of term remaining. The sale is the result of an unsolicited offer at a cash cap rate of 4.75%, exclusive of transaction costs.

$JCP {{ '2017-07-25T13:20:28+0000' | timeago}} • Announcement

$JCP appointed Jeffrey Davis as EVP and CFO, effective July 24, 2017. He will succeed Andrew Drexler, who has been serving as interim CFO while the company completed its search. Davis will report to Marvin Ellison, chairman and CEO of JCPenney. Davis most recently served as CFO at $DRI.

$DRI {{ '2017-06-27T13:34:43+0000' | timeago}} • Webcast

$DRI commented that on the industry in general, it is seeing some weakness in Houston and New York City, but overall the company has not seen a lot of change in the competitive landscape. On the $AMZN's acquisition of $WFM, the company believes people still want to come to restaurants and the acquisition won't have a big impact on $DRI.

$DRI {{ '2017-06-27T13:14:18+0000' | timeago}} • Webcast

Replying to a question on EPS guidance for 2018 and if the company is assuming the $22-27MM in synergies to close in 2018, $DRI stated that it is assuming low single-digit millions to flow into 2018 and the rest to go in to 2019.

$DRI {{ '2017-06-27T12:09:19+0000' | timeago}} • Infographic

$DRI Darden Restaurants Earnings AlphaGraphic: Q4 2017 Highlights

$DRI {{ '2017-06-27T11:38:34+0000' | timeago}} • Announcement

$DRI repurchased approx. $15MM of its outstanding common stock in 4Q17. In the quarter, same-restaurant sales increased 3.3%, excluding Cheddar's Scratch Kitchen.

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