Darden Restaurants, Inc.

News and overview for Darden Restaurants, Inc.

Dale Meyerrose, the nation's first chief information officer for intelligence, is now Harris Corp.'s cyberspace security chief.
Orlando Sentinel (Fla.) | 45 days 22 hours 23 minutes ago
In the latest of a series, he is scheduled to speak next week to a prominent electronics group based in Colorado.


Liz Claiborne in 10-year deal to sell some brands only at JCPenney; moves Mizrahi line to QVC
Orlando Sentinel (Fla.) | 45 days 22 hours ago
NEW YORK (AP) — Liz Claiborne Inc. said Thursday that its namesake line of clothing will be sold exclusively at J.C. Penney Co. , as part of a 10-year deal that the clothing maker hopes will help reverse its fortunes.


Marriott's Sorenson says low room rates nearing an inflection point, will climb again
Orlando Sentinel (Fla.) | 45 days 15 hours 36 minutes ago
Marriott International Inc. , like many of its competitors in the world's hotel industry, have dramatically slashed rates to entice guests to stay at their facilities. Executives figure it's better to sell a room at a small profit, than not sell one at all.


Major US carriers expected to post 3Q losses, as traffic picks up and bankruptcy fears ebb
Orlando Sentinel (Fla.) | 45 days 18 hours 28 minutes ago
DALLAS (AP) — There isn't much suspense around the upcoming third-quarter earnings reports from U.S. airlines — most big carriers likely finished in the red — but a recent uptick in travel may indicate a recovery is about to take off.


7 things to think about when contemplating an office romance
Orlando Sentinel (Fla.) | 45 days 16 hours 41 minutes ago
If you're looking for love at work, you might want to consider how an office romance can affect your career and whether it's worth the risk to go there.


American Airlines resuming nonstop flights between Washington and San Juan, Puerto Rico
Orlando Sentinel (Fla.) | 45 days 18 hours 28 minutes ago
DALLAS (AP) — American Airlines said on Thursday it will relaunch daily flights between Washington Dulles airport and San Juan, Puerto Rico , beginning Nov. 19.


Miami Herald improperly repainted downtown historic Art Deco building
Orlando Sentinel (Fla.) | 46 days 1 hour 11 minutes ago
The Miami Herald unwittingly marred a historically designated Art Deco building owned by its corporate parent by painting its limestone veneer, Miami's historic preservation office says.


La. jury rules in favor of plaintiff in Electrochem suit, awards $21.7 million in damages
Orlando Sentinel (Fla.) | 45 days 20 hours 2 minutes ago
CLARENCE, N.Y. (AP) — Electrochem Solutions Inc., a wholly owned subsidiary of medical components maker Greatbatch Inc., said Thursday a Louisiana jury found in favor of a plaintiff in a suit against the unit and awarded damages of $21.7 million for lost profit.


FTC calls early end to waiting period before GenTek sale to American Securities, Gentek says
Orlando Sentinel (Fla.) | 45 days 15 hours 56 minutes ago
PARSIPPANY, N.J. (AP) — GenTek Inc., which provides chemical products and engine components, said Thursday that regulators completed a review of GenTek's sale to a subsidiary of American Securities LLC.


Shares of engineering services company Mistras Group rise on first day of trading
Orlando Sentinel (Fla.) | 45 days 19 hours 14 minutes ago
NEW YORK (AP) — Mistras Group Inc. stock rose Thursday, its first day of trading, after the engineering services company priced its initial public offering of shares at a price below its initial target.


UK competition watchdog opposes Ticketmaster-Live Nation merger
Orlando Sentinel (Fla.) | 46 days 51 minutes ago
LONDON (AP) — The U.K. Competition Commission on Thursday provisionally ruled against the proposed merger of live-entertainment companies Ticketmaster Entertainment Inc. and Live Nation Inc. , saying it would stifle a prospective competitor from Germany.


Fees to check your bags and make a phone reservation, but a fee to carry your boogie board?
Orlando Sentinel (Fla.) | 45 days 21 hours 11 minutes ago
ATLANTA (AP) — You can make waves after your next flight on Allegiant Air, but it's going to cost you extra to check your boogie board.


Analysts increase 2010 estimates, shares rise after Alcoa posts third-quarter profit
Orlando Sentinel (Fla.) | 45 days 20 hours 24 minutes ago
HARTFORD, Conn. (AP) — Shares of Alcoa Inc. rose Thursday, a day after the aluminum maker surprised Wall Street with a third-quarter profit and an optimistic forecast for worldwide aluminum demand.


New line of black Barbies gets praise from some, but others say dolls are not 'black enough'
Orlando Sentinel (Fla.) | 45 days 17 hours 50 minutes ago
NEW YORK (AP) — Mattel has launched a new line of black Barbie dolls with fuller lips, a wider nose and more pronounced cheek bones — a far cry from Christie, Barbie's black friend who debuted in the 1960s and was essentially a white doll painted brown.


Carter's shares rise after Sterne Agee upgrades, sees further gains in shares to come
Orlando Sentinel (Fla.) | 45 days 19 hours 38 minutes ago
NEW YORK (AP) — After rising nearly 38 percent so far this year, Carter's Inc. shares may gain another 25 percent in the next 12 months, said a Sterne Agee analyst, upgrading the maker of infant and children's clothes.





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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