Darden Restaurants, Inc.

News and overview for Darden Restaurants, Inc.

Life Time Fitness names Jack W. Eugster and John K. Lloyd to board of directors
Orlando Sentinel (Fla.) | 34 days 20 hours 36 minutes ago
NEW YORK (AP) — Gym operator Life Time Fitness Inc. said Monday it named Jack W. Eugster and John K. Lloyd to its board of directors.


FTI Consulting, Compass Advisers form joint venture focused on real estate sector
Orlando Sentinel (Fla.) | 34 days 20 hours 20 minutes ago
WEST PALM BEACH, Fla. (AP) — Business advisory firms FTI Consulting Inc. and Compass Advisers LLP said Monday they have created a new investment banking firm that will focus on global real estate.


Lay Away returns
Orlando Sentinel (Fla.) | 35 days 3 minutes ago
Lay Away Returns


Medco says it will run clinical trial to compare blood thinners Plavix and Effient
Orlando Sentinel (Fla.) | 34 days 12 hours 13 minutes ago
NEW YORK (AP) — Medco Health Solutions Inc. said Tuesday it will compare the blood thinner Plavix , the world's second-best selling drug, with the newer Effient to study.


Minerals Management Service conditionally approves Shell exploratory drilling in Beaufort Sea
Orlando Sentinel (Fla.) | 34 days 19 hours 47 minutes ago
ANCHORAGE, Alaska (AP) — A federal agency has approved a plan by Shell Offshore, Inc.'s to drill exploratory wells on two leases in the Beaufort Sea off Alaska's north coast.


Texas Instruments 3rd-quarter profit, sales decline but surpass expectations
Orlando Sentinel (Fla.) | 34 days 19 hours 47 minutes ago
NEW YORK (AP) — Texas Instruments ' third-quarter profit and sales inched past the improved expectations the chip maker gave last month, though they still saw a decline from a year earlier amid the economic downturn.


Invesco to buy Morgan Stanley asset management business in $1.5 billion cash-and-stock deal
Orlando Sentinel (Fla.) | 34 days 14 hours 24 minutes ago
NEW YORK (AP) — Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion in a move to focus on institutional clients.


Analyze This: Cost controls help maximize Cheesecake's profit
Nation's Restaurant News | 20 days 23 hours 5 minutes ago
(Nov. 02, 2009) Editors note: Analyze This is a quarterly look at a publicly traded restaurant company that has sparked discussion, for better or worse, among securities analysts. The comments do not necessarily reflect the views of Nations Restaurant News nor should any statement be construed as a recommendation to buy or sell any security.


Florida Gators: Tim Tebow sees reason for offensive hope
Orlando Sentinel (Fla.) | 34 days 11 hours 30 minutes ago
Despite recent criticism of their offense, the Gators say they found encouragement in Saturday's 23-20 win over Arkansas.


Miami Coach Randy Shannon says focus remains on ACC
Orlando Sentinel (Fla.) | 34 days 11 hours 58 minutes ago
Even with the release of the BCS standings, Hurricanes Coach Randy Shannon is still content on keeping players focused on the ACC.


Knicks Coach Mike D'Antoni continues to do things his way
Orlando Sentinel (Fla.) | 34 days 11 hours 45 minutes ago
Mike D'Antoni accomplished something radical in his first season as coach of the New York Knicks . He scrapped the Knicks' plodding offense in favor of an up-tempo system that fans actually enjoy watching.


National Restaurant Association spends $840,000 in 2Q to lobby on food safety, worker issues
Orlando Sentinel (Fla.) | 34 days 1 hour 13 minutes ago
WASHINGTON (AP) — The National Restaurant Association spent $840,000 in the second quarter to lobby on food safety, seasonal workers and other issues, according to a recent disclosure report.


Seminoles LB Dekoda Watson's status uncertain vs. UNC
Orlando Sentinel (Fla.) | 35 days 11 hours 58 minutes ago
More than a week after injuring his groin against Georgia Tech, LB Dekoda Watson still has not returned to practice with the team. Coach Bobby Bowden said that while Watson has been held out of position work, the senior captain has been running and working out during practice, and Bowden is optimistic that Watson can practice normally today.


Central Florida Knights: UCF's George O'Leary still irked over missed opportunity against Miami Hurricanes
Orlando Sentinel (Fla.) | 34 days 11 hours 59 minutes ago
Coach George O'Leary is still frustrated about the Knights' missed opportunities during a 27-7 home loss to No. 9 Miami Saturday night.


Amgen says FDA wants more data on Prolia as a bone loss treatment, delaying potential approval
Orlando Sentinel (Fla.) | 35 days 3 hours 48 minutes ago
THOUSAND OAKS, Calif. (AP) — Amgen says the Food and Drug Administration wants more information about its osteoporosis treatment Prolia before granting marketing approval. It delays a drug seen as a potential blockbuster for the company.





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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