Darden Restaurants, Inc. (N:DRI)
Business Focus: Restaurants & Bars
| Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1000 Darden Center Dr ORLANDO FL 32837-4032 |
| Tel: | N/A |
| Website: | https://www.darden.com |
| IR: | See website |
| Key People | ||
| Ricardo Cardenas President, Chief Executive Officer, Director | Douglas J. Milanes Senior Vice President, Chief Supply Chain Officer | Rajesh Vennam Chief Financial Officer, Senior Vice President |
| Todd A. Burrowes President - LongHorn Steakhouse | Daniel J. Kiernan President - Olive Garden | M. John Martin President - Specialty Restaurant Group |
| Sarah H. King Senior Vice President, Chief People and Diversity Office | Matthew R. Broad Senior Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary | John W. Madonna Senior Vice President, Corporate Controller | Susan M. Connelly Senior Vice President, Chief Communications and Public Affairs Officer |
| Business Overview |
| Darden Restaurants, Inc. (Darden) is a full-service restaurant company. The Company owns and operates more than 1,850 restaurants. The Company's brand portfolio includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze. Darden's segments include Olive Garden, LongHorn Steakhouse, Fine Dining and Other Business. The Olive Garden segment includes its Company-owned Olive Garden restaurants in the United States and Canada. The LongHorn Steakhouse segment includes the results of its Company-owned LongHorn Steakhouse restaurants in the United States. The Fine Dining segment consists of premium brands that operate within the fine-dining sub-segment of full-service dining and includes its Company-owned The Capital Grille and Eddie V's restaurants in the United States. Ruth's Chris Steak House offers signature USDA Prime steaks. |
| Financial Overview |
| For the nine months ended 25 February 2024, Darden Restaurants, Inc. revenues increased 9% to $8.43B. Net income before extraordinary items increased 8% to $720.5M. Revenues reflect Fine Dining segment increase of 55% to $964.4M. Net income was partially offset by Depreciation and amortization increase of 17% to $340.2M (expense). Dividend per share increased from $3.63 to $3.93. |
| Employees: | 187,384 as of May 28, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $21,043M as of Feb 25, 2024 |
| Annual revenue (TTM): | $11,202M as of Feb 25, 2024 |
| EBITDA (TTM): | $1,788M as of Feb 25, 2024 |
| Net annual income (TTM): | $1,036M as of Feb 25, 2024 |
| Free cash flow (TTM): | $335.80M as of Feb 25, 2024 |
| Net Debt Last Fiscal Year: | $2,596M as of Feb 25, 2024 |
| Shares outstanding: | 119,358,947 as of Mar 15, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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