Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Revision History For: Darden Restaurants (DRI)

No earlier versions found for this Subject.

Return to Darden Restaurants (DRI)

Anyone follow this company?

Operates 720 Red Lobster 475 Olive Garden family restaurants... spun off May '95 by General Mills... FY 97 (May) fell to loss on flat sales, $230M pre-tax charge in 4Q for restructuring, asset writedown... 1st half FY 98 EPS up 250% despite flat revenues... 2Q profitable... helped by good results at Olive Garden group.

****Outlook: FY 99 (May) EPS estimated $0.75, FY 98's seen $0.60 vs. FY 97's loss $0.59 (After $0.93 charge)... Semiannual dividend $0.04. Tel.# 407-245-6789