PR Newswire
ORLANDO, Fla., June 27, 2017
ORLANDO, Fla., June 27, 2017 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the fourth quarter and fiscal year ended May 28, 2017.
Fourth Quarter 2017 Financial Highlights Versus Same Fiscal Quarter Last Year
| | | +4.4% for Olive Garden | | +0.5% for The Capital Grille | | +0.1% for Yard House |
| | | +3.5% for LongHorn Steakhouse | | +3.3% for Eddie V's | | -1.3% for Seasons 52 |
| | | | | | | +1.4% for Bahama Breeze |
* See the "Non-GAAP Information" below for more details
"Our strong fourth quarter results wrapped up a solid year of performance," said CEO Gene Lee. "We continue to improve execution in our restaurants by relentlessly focusing on food, service and atmosphere. Our strategy is helping to build guest loyalty, drive improved financial results and grow shareholder value."
Fiscal 2017 Financial Highlights Versus Fiscal 2016
| | | +2.6% for Olive Garden | | +0.4% for The Capital Grille | | -0.2% for Yard House |
| | | +1.2% for LongHorn Steakhouse | | +1.5% for Eddie V's | | 0.0% for Seasons 52 |
| | | | | | | +2.2% for Bahama Breeze |
* See the "Non-GAAP Information" below for more details
Segment Performance Versus Same Fiscal Period Last Year
Segment profit represents sales, less costs for food and beverage, restaurant labor, restaurant expenses and marketing expenses. Fourth quarter segment profit is comparable on a year-over-year basis, while fiscal 2017 segment profit includes the first and second quarter impact of additional rent and other tax expense related to the completion of our real estate strategy, primarily impacting Olive Garden and LongHorn Steakhouse.
| | Q4 Sales | | | | Q4 Segment Profit | | | | | ||||
($ in millions) | | 2017 | | 2016 | | % Change | | 2017 | | 2016 | | % Change | | |
Consolidated Darden | | $1,934.6 | | $1,790.2 | | 8.1% | | | | | | | | |
Olive Garden | | $1,027.3 | | $981.8 | | 4.6% | | $204.3 | | $189.9 | | 7.6% | | |
LongHorn Steakhouse | | $436.6 | | $413.2 | | 5.7% | | $83.4 | | $78.4 | | 6.4% | | |
Fine Dining | | $139.1 | | $131.6 | | 5.7% | | $28.4 | | $26.4 | | 7.6% | | |
Other Business | | $331.6 | | $263.6 | | 25.8% | | $57.8 | | $49.8 | | 16.1% | | |
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| | Annual Sales | | | | Annual Segment Profit | | | | Real Estate | ||||
($ in millions) | | 2017 | | 2016 | | % Change | | 2017 | | 2016 | | % Change | | |
Consolidated Darden | | $7,170.2 | | $6,933.5 | | 3.4% | | | | | | | | |
Olive Garden | | $3,938.6 | | $3,838.6 | | 2.6% | | $761.8 | | $759.2 | | 0.3% | | $(37.8) |
LongHorn Steakhouse | | $1,622.2 | | $1,587.7 | | 2.2% | | $280.9 | | $275.3 | | 2.0% | | $(10.2) |
Fine Dining | | $535.6 | | $514.1 | | 4.2% Werbung Mehr Nachrichten zur Darden Restaurants Aktie kostenlos abonnieren
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