The most recently opened is in Memphis, TN.
Copied this portion from a news article
Earnings after tax for Darden Restaurants, Inc. in the first quarter were $35.2
million, or 24 cents per diluted share, on $886.1 million in sales. This compares
to earnings after tax of $24.4 million, or 16 cents per diluted share, on sales of
$809.3 million in the prior year.
Red Lobster posted an 11.6% comparable restaurant sales gain in the first
quarter. This is the best comparable restaurant sales gain for the concept in this
decade.
Olive Garden recorded a 10.7% comparable restaurant sales gain in the first
quarter, making this the 16th consecutive quarter of comparable restaurant sales
gains and the second consecutive quarter of double-digit gains.
Bahama Breeze continued to produce strong sales at all three locations.
Restaurants are currently under development in Tampa, Atlanta, Columbus, OH,
Raleigh, NC, and Miami. Several other cities are also slated for expansion.
The Company purchased 3.2 million shares of common stock in the first quarter,
proceeding with its previously announced share buyback program.
The Board of Directors declared the regular 4 cents per share semi- annual
dividend payable November 1, 1998 to shareholders of record October 9,
1998.
Like I said - interesting company!
Susan |
