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ORLANDO, Fla., Dec. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the second quarter ended November 24, 2024.
Second Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year
Total sales increased 6.0% to $2.9 billion, driven by a blended same-restaurant sales* increase of 2.4% and sales from the addition of 103 Chuy's restaurants and 39 net new restaurantsSame-restaurant sales:Consolidated Darden*
2.4 %
Olive Garden
2.0 %
LongHorn Steakhouse
7.5 %
Fine Dining**
(5.8) %
Other Business*
0.7 %
ORLANDO, Fla., Dec. 9, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) today announced the Board of Directors has appointed Daryl Kenningham as its newest member, effective immediately. With his appointment, the Company increased the size of the Board from nine to 10 members.
"My fellow Board members and I are delighted to welcome Daryl to the Board," said Cynthia Jamison, Chair of the Board of Directors. "His extensive experience with multi-unit operations, as well as his current role leading a large, dispersed organization will be tremendous assets to our Board."
ORLANDO, Fla., Nov. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2025 second quarter financial results before the market opens on Thursday, December 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss second quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call.
ORLANDO, Fla., Oct. 11, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) today announced that it has completed the acquisition of Chuy's Holdings, Inc. ("Chuy's Holdings") in an all-cash transaction with an enterprise value of approximately $605 million. The transaction was approved by a majority of Chuy's Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024.
Darden financed the acquisition with a portion of the proceeds of a $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024.
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE: DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month.
10 Refrigerated Trucks to Strengthen 10 More Food Distribution Programs Nationwide
45 Trucks Have Been Provided to 45 Food Banks Across 21 States Since January 2021
ORLANDO, Fla., Sept. 25, 2024 /PRNewswire/ -- For the fourth consecutive year, Darden Restaurants is partnering with Feeding America® to ensure food reaches people facing hunger. Through a $2 million grant from the Darden Restaurants, Inc. Foundation and support from Penske Truck Leasing, 26-foot refrigerated trucks are being donated to 10 additional Feeding America member food banks. Each truck, with a capacity of up to 12,000 pounds, will support food distribution and mobile pantry programs at food banks serving communities experiencing the highest need.
Olive Garden guests will soon have another option to enjoy their favorite dishes at home, with orders made through Olive Garden channels and delivery powered by Uber Direct; Custom integration preserves team member and guest experience, while growing first-party delivery demand
ORLANDO, Fla. and SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) and Uber Technologies, Inc. (NYSE: UBER) have entered into an exclusive multi-year delivery partnership, set to begin with Olive Garden in late 2024. The agreement will enable restaurant guests to order on-demand delivery via Darden restaurant channels, with delivery handled by Uber Direct, through Uber's national delivery network.
ORLANDO, Fla., Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) today reported its financial results for the first quarter ended August 25, 2024.
First Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year
Total sales increased 1.0% to $2.8 billion, driven by sales from 42 net new restaurants, partially offset by a blended same-restaurant sales* decrease of (1.1)%Same-restaurant sales:Consolidated Darden*
(1.1) %
Olive Garden
(2.9) %
LongHorn Steakhouse
3.7 %
Fine Dining*
(6.0) %
Other Business
(1.8) %
ORLANDO, Fla., Aug. 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2025 first quarter financial results before the market opens on Thursday, September 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss first quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call.
What:
Darden Restaurants, Inc. Fiscal 2025 First Quarter Earnings Conference Call
When:
8:30 am ET, Thursday, September 19, 2024
Where:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=PaNJ6RaT
How:
Live over the Internet – Simply log on to the web at the address above or, to access via telephone, please dial 877-407-9219
ORLANDO, Fla. and AUSTIN, Texas, July 17, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Chuy's Holdings, Inc. ("Chuy's") (Nasdaq: CHUY), jointly announced today that they have entered into a definitive agreement pursuant to which Darden will acquire all of the outstanding shares of Chuy's for $37.50 per share, in an all-cash transaction with an enterprise value of approximately $605 million. Chuy's will complement Darden's portfolio of iconic brands, which currently 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.
ORLANDO, Fla., June 20, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 26, 2024.
Fourth Quarter 2024 Financial Highlights
Total sales increased 6.8% to $3.0 billion driven by sales from the addition of 80 company-owned Ruth's Chris Steak House (Ruth's Chris) restaurants and 37 other net new restaurantsSame-restaurant sales:Consolidated Darden*
0.0 %
Olive Garden
(1.5) %
LongHorn Steakhouse
4.0 %
Fine Dining*
(2.6) %
Other Business
(1.1) %
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