Darden Restaurants, Inc.

News and overview for Darden Restaurants, Inc.

Teens look to spend, socialize at restaurants
Nation's Restaurant News | 27 days 22 hours 20 minutes ago
MINNEAPOLIS (Oct. 26, 2009 ) รข??In what is seen as a leading indicator of an economic recovery, teens in households with an average income of $75,000 are spending more at restaurants for the first time since the start of the recession, according to an October survey by investment bank Piper Jaffray & Co.


UCF title hopes on line in Sunday game against Marshall
Orlando Sentinel (Fla.) | 28 days 16 hours 26 minutes ago
•LET'S LOOK AHEAD: The Knights (4-3, 2-2 in Conference USA) host resurgent Marshall (5-3, 3-1 in C-USA) Sunday night in a nationally televised game that will have major implications for both teams' C-USA title hopes. The Thundering Herd trudged to a 4-8 record last season, but Marshall has developed a reliable offense to complement its strong defense. The Herd is coming off a 27-7 home win over UAB. QB Brian Anderson threw for 315 yards and RB Darius Marshall for 133 yards, ...


Wis. man who launched flare that caused $50M fire at meatpacking plant gets 90 days in jail
Orlando Sentinel (Fla.) | 28 days 3 hours 25 minutes ago
MILWAUKEE (AP) — A Milwaukee man who launched a military flare that sparked a major fire at a meatpacking plant has been sentenced to 90 days in jail.


NASCAR driver Mike Skinner sells hangar in Spruce Creek community
Orlando Sentinel (Fla.) | 28 days 17 hours 35 minutes ago
S tirling Sotheby's International Realty recently sold NASCAR driver Mike Skinner's commercial airplane hangar in the gated Spruce Creek Fly-In Community in Volusia County for $925,000.


Holocaust denier sues Pembroke Pines survivor and author, 80
Orlando Sentinel (Fla.) | 34 days 22 hours 21 minutes ago
Holocaust denier sues Pembroke Pines survivor and author, 80


The New York-based defense contractor posted a nearly 20 percent rise in profit during the quarter.
Orlando Sentinel (Fla.) | 27 days 6 hours 24 minutes ago
L-3 employs hundreds in Central Florida at several units that provide missile targetry, aerospace engineering, training simulators and mine detection systems.


Salvage company raises prospect of expedition to the Titanic wreck site in 2010
Orlando Sentinel (Fla.) | 28 days 10 hours 14 minutes ago
NORFOLK, Va. (AP) — The company that has exclusive rights to salvage the Titanic is planning a possible expedition to the world's most famous shipwreck in 2010.


Sea change: New owners vs. old
Orlando Sentinel (Fla.) | 46 days 15 hours 37 minutes ago
New owner: Blackstone Group Business : Private-equity investment


Orlando may land huge plastics trade show
Orlando Sentinel (Fla.) | 28 days 17 hours 35 minutes ago
NPE plastics industry trade show may leave Chicago for Orlando


Panels being laid for solar power plant along Space Coast
Orlando Sentinel (Fla.) | 28 days 17 hours 35 minutes ago
O ne of the most modern electrical plants in Florida is being built in increments of 305 watts, which isn't enough power to toast a slice of bread.


Mike McQueen, chief of bureau for The Associated Press in Louisiana and Mississippi, has died. He was 52.
Orlando Sentinel (Fla.) | 28 days 11 hours 53 minutes ago
McQueen, who had been on medical leave since the spring, died Sunday from complications of cancer and congestive heart failure.


Turnpike cash tolls to disappear as electronic payment methods prevail for safety, cost
Orlando Sentinel (Fla.) | 28 days 7 hours 46 minutes ago
Citing improved safety and lower costs, Florida's Turnpike is shifting to an all-electronic payment system. By February 2011, all cash collection on the turnpike's southernmost stretch will end.


Job market is at its lowest, businessman says
Orlando Sentinel (Fla.) | 28 days 17 hours 34 minutes ago
Roger Lear is co-founder and chief recruiting officer of Orlandojobs.com and Lear & Associates. He has been in the employment business since 1987, placing thousands of people into jobs. He spoke with Sentinel reporter Jim Stratton.


Small businesses in Florida get help with insurance premiums
Orlando Sentinel (Fla.) | 28 days 17 hours 34 minutes ago
A public-private partnership led by the University of Central Florida aims to help Floridians secure more affordable health insurance through the small businesses that hire them.


Airlines Third-Quarter Earnings Forecasts
Orlando Sentinel (Fla.) | 46 days 3 hours 11 minutes ago
Here are the consensus forecasts of analysts for third-quarter earnings or loss per share and revenue for the nation's nine largest airline companies, according to Thomson Reuters as of Thursday morning. Figures from third quarter of 2008 are in parentheses.





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Company Overview


Company: Darden Restaurants, Inc.
Industry: Casual Dining Restaurants
Website: http://www.dardenrestaurants.com

This company has cornered not one but two dining markets: seafood and "Hospitaliano." Darden Restaurants is the #1 casual-dining operator (in terms of revenue), with more than 1,770 restaurants in the US and Canada. Its flagship chains include seafood-segment leader Red Lobster and top Italian-themed concept Olive Garden. Both chains cater to families, with mid-priced menu items, themed interiors, and primarily suburban locations. Darden also operates the LongHorn Steakhouse chain, with more than 320 outlets. In addition, the company operates a small chain of tropical-themed Bahama Breeze restaurants that offer Caribbean-inspired food, along with a casual grill and wine bar concept called Seasons 52.


Key Numbers

Sales in U.S. Dollars (mil.) 7,217.5 (2009)
One-year % Growth in Sales 8.9 (2009)
Net Income in U.S. Dollars (mil.) 372.2 (2009)
One-year % Growth in Net Income -1.3 (2009)
Number of Employees 179,000 (2009)
One-year % Growth in Number of Employees 0.0 (2009)
Fiscal Year-End May