To access the live webcast . Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Darden Restaurants, Inc. (NYSE:DRI) is about to trade ex-dividend in the next four days. Olive Garden's Owner Is More Optimistic About the Outlook. Rich Jeffers, Darden's director of media relations, told the News-Herald in Southgate, Mich. , that the company never said it was closing the restaurant and wants to reassure customers. Darden Restaurants has some big questions to answer for investors in a few days. 10 stocks we like better than Darden Restaurants When o ur award-winning analyst team has a stock tip, it can pay to listen. Lee, 60, will continue to serve on Darden's Board of Directors as Executive Chairman until the 2022 Annual Meeting of . Statement of Changes in Beneficial Ownership (4) December 22 2021 - 03:33PM. 52 week range. Darden Restaurants, Inc., (NYSE:DRI) today reported its financial results for the first quarter ended August 29, 2021. The Orlando-based restaurant giant cited poor sales and return visits from customers as reasons for the closings, compared with Darden's established brands, Red Lobster and Olive Garden. Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Darden Restaurants, Inc. (NYSE:DRI) is about to trade ex-dividend in the next four days. Executives at Darden said that they haven't seen a difference in applications since benefits ended. Darden Restaurants owns the Olive Garden brand, as well as LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille . First Quarter 2022 Financial Highlights Total sales increased 51% from last year to $2.31 billion driven by a blended same-restaurant sales increase of 47.5% and the addition of 34 net new restaurants Same-restaurant sales: Consolidated Darden 47.5% Olive Garden 37.1% LongHorn . Darden Restaurants Inc. closed $16.86 below its 52-week high ($164.28), which the company reached on September 23rd. ORLANDO, Fla. (AP) — The CEO of Darden Restaurants Inc., the owner of Olive Garden, LongHorn Steakhouse and other chains, will retire in May and be replaced by the company' Darden Restaurants is the premier full-service dining company, operating over 1,800 locations. The stock demonstrated a mixed performance when compared to some of its . Adding to the industry's woes, Darden reported a steep drop in quarterly sales and said some of the company's restaurants will be closed. ORLANDO, Fla., Dec. 17, 2021 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) announced today that Eugene (Gene) I. Lee, Jr., Chairman and Chief Executive Officer, will retire as CEO effective . UNITED STATES SECURITIES AND EXCHANGE COMMISSION. Form 4 DARDEN RESTAURANTS INC For: Dec 21 Filed by: Renninger Richard L. Article Stock Quotes (1) December 22, 2021 3:33 PM EST. (RTTNews) - Darden Restaurants Inc. (DRI) will host a conference call at 8:30 AM ET on December 17, 2021, to discuss Q2 22 earnings results. Dec. 17, 2021, 07:05 AM. Darden Restaurants, Inc. price-consensus-eps-surprise-chart | Darden Restaurants, Inc. Quote Total sales during the quarter came in at $2,272.2 million, beating the consensus mark of $2,224 . Darden Restaurants, Inc., the only Fortune 500 company located in Orlando, announced Friday it is closing its 1,800 restaurant dining rooms nationwide, due to the coronavirus pandemic rocking the . The 165-unit brand (140 company-owned) will close its office in Irving, Texas, and cut 69 positions, according to documents filed with the Texas Workforce Commission and reported by The Dallas Business Journal. Delano Saporu, New Street Advisors Group CEO, joins 'Closing Bell' to discuss restaurant and automotive stocks amid ongoing fears . ORLANDO, Fla., Dec. 17, 2021 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) announced today that Eugene (Gene) I. Lee, Jr., Chairman and Chief Executive Officer, will retire as CEO effective May 29, 2022. Lee, 60, will continue to serve on Darden's Board of Directors as Executive Chairman until the 2022 Annual Meeting of . In March 1996, Darden launched a test of a Bahama Breeze Caribbean Grille concept featuring food and drinks found in the islands of the Caribbean Sea and a Caribbean theme. Welcome to Olive Garden Italian Restaurants. The CEO of Darden Restaurants, the owner of chains such as Olive Garden and Longhorn Steakhouse, said in the company's quarterly earnings call on Tuesday that the restaurant industry needs to see . The layoffs will begin April 24 and run through January 31 . Shares of Darden Restaurants , owner of Olive Garden, were falling on Friday after the company offered . Any still-open dining room will shut down at the end of business Saturday. 662,513. After all, the newsletter they have run for over a decade, Motley Fool . Darden Restaurants Inc. closed $24.91 short of its 52-week high ($164.28), which the company reached on September 23rd. See Instruction 1 (b). Darden Restaurants, Inc. is a full-service restaurant company. Other chain restaurants (like seafood restaurant McCormick & Schmick's, pizza place Papa Murphy's, and Ruby Tuesday) have reported losses of revenue, income, and equity.Quite a few well-known eateries, including the cafeteria-style restaurant Luby's, which was founded all the way back in 1947, have also unfortunately had to close restaurants and lay off a number of staff. Let's check out the charts and indicators, and other . Tweet Share E-mail. On March 18, Darden's stock price fell to $34.16 a share during the coronavirus pandemic. 12/17/2021. Although Darden Restaurants, Inc's (NYSE:DRI) stock came under pressure following the announcement of CEO Gene Lee's pending retirement in May 2022, investors may soon realize that his successor . Darden, whose other brands include Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's, said about 99% of its more than 1,800 restaurants remain open . Darden established a paid sick leave policy around the start of the pandemic as well as emergency pay for workers furloughed from restaurants where dining rooms were closed. ORLANDO, Fla. - In response to the coronavirus pandemic, Orlando-based restaurant company Darden is closing dining rooms at all of its restaurants, according to company officials. The . The stock underperformed when compared to some of its competitors Monday, as . Darden Restaurants, Inc. (NYSE:DRI) stock is about to trade ex-dividend in 3 days. Darden closed all of its dining rooms in mid-March in response to the coronavirus pandemic. Stop by today and enjoy family style dining and fresh Italian food at our local restaurants. The restaurant chain was a popular reopening bet on Wall Street in early 2021, but that optimism has been waning . With U.S. stock markets set to open in two hours, DISH Network Cl A (DISH) was up 5.6% in pre-market trading, and Ginkgo Bioworks . Why the Stock Is Sinking. This change lagged the S&P 500's 2.07% gain on the day. ORLANDO, Fla., Dec. 17, 2021 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) announced today that Eugene (Gene) I. Lee, Jr., Chairman and Chief Executive Officer, will . This change lagged the S&P 500's 2.07% gain on the day. Despite its losses, the stock outperformed some of its competitors Tuesday . Close. The coronavirus pandemic has devastated the restaurant industry. Form 4 or Form 5 obligations may continue. This change lagged the S&P 500's 2.07% gain on the day. Darden Restaurants Inc. closed $24.91 short of its 52-week high ($164.28), which the company reached on September 23rd. Darden Restaurants Inc. is fighting off rumors that its Red Lobster chain is closing after the company announced it planned to sell or spin off the seafood eatery. ORLANDO, Fla. - In response to the coronavirus pandemic, Orlando-based restaurant company Darden is closing dining rooms at all of its restaurants, according to company officials. Orlando, Florida-based Darden said its fiscal fourth quarter 2020 sales dropped 43 percent to USD 1.27 billion (EUR 1.13 billion). Darden Restaurants Inc. closed $14.78 below its 52-week high ($164.28), which the company achieved on September 23rd. Darden Restaurants (DRI Quick Quote DRI - Free Report) closed at $148.12 in the latest trading session, marking a +1.01% move from the prior day.This change lagged the S&P 500's 2.07% gain on the day. ORLANDO, Fla. (AP) — The CEO of Darden Restaurants Inc., the owner of Olive Garden, LongHorn Steakhouse and other chains, will retire in May and be replaced by the company's president and chief operating officer. On March 18, Darden's stock price fell to $34.16 a share during the coronavirus pandemic. According to regulatory filings, same-restaurant sales at Smokey Bones decreased 7 . Gene Lee, 60, said Friday he will remain as board chairman after he . Now under the umbrella of casual dining giant Darden, Cheddar's Scratch Kitchen is no longer in need of a corporate office. ORLANDO, Fla. (AP) -- Darden Restaurants Inc. DRI, -0.56%, operator of Red Lobster and Olive Garden and other restaurants, said Saturday it's closing 56 of its Smokey Bones Barbeque & Grill . Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP . The company . 144.68 +1.13 (+0.79%) Volume. Darden Restaurants Inc. closed 54 Smokey Bones Barbeque & Grill restaurants Friday, including two restaurants in Oklahoma. Close. Darden's share price to earnings multiple for the 2022 fiscal year is 19.6. Meanwhile, the Dow . Darden Restaurants CEO Eugene Lee Jr. has announced he will retire from the top executive role on May 29, 2022. Darden Restaurants (DRI) closed at $148.12 in the latest trading session, marking a +1.01% move from the prior day. Darden Restaurants closed the Scottsdale Waterfront location in March. The company, Darden Restaurants, said the switch to takeout and delivery at 100% of its open restaurants will better protect employees and guests from contracting COVID-19. The CEO of Darden Restaurants, the owner of chains such as Olive Garden and Longhorn Steakhouse, said in the company's quarterly earnings call on Tuesday that the restaurant industry needs to see . . ORLANDO Fla. Darden Restaurants Inc. on Saturday said it was shutting down its struggling Smokey Bones restaurant division by closing 54 units and selling the remaining 73.. Darden, which also . Darden Restaurants Inc.'s stock prices and sales have heated back up to pre-pandemic levels, but there still are some lingering challenges. For fiscal 2022, Darden expects total sales of $9.2 billion to $9.5 billion, up 5% to 8% from pre-pandemic levels, assuming that essentially all of its locations can operate at full capacity. ORLANDO, Fla., Dec. 17, 2021 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) announced today that Eugene (Gene) I. Lee, Jr., Chairman and Chief Executive Officer, will retire as CEO effective May 29, 2022. I would be looking to buy Darden, says New Street's Saporu. At the time, most restaurants in America had to shut down due to public-health restrictions enacted to . The stock underperformed when compared to some of its competitors Thursday, as . Darden Restaurants (DRI) closed at $148.12 in the latest trading session, marking a +1.01% move from the prior day. Darden Restaurants CEO to retire in May; insider promoted. The stock has since recovered some ground, but still remains laggard, down -5.2% this year (vs. +25.3% gain for the S&P 500 index).Darden, the operator of Olive Garden, the Capital Grille and . The company . Darden Restaurants ( DRI) is scheduled to report their latest quarterly figures on Thursday before the opening of trading on the NYSE. Darden Restaurants Inc. closed $17.64 below its 52-week high ($164.28), which the company achieved on September 23rd. Full-service restaurants have been hit the hardest by the virus, leading many to pivot to takeout or . For fiscal 2023, the multiple to estimated EPS of $8.45 is 17.7, and for 2024, it is 15.9 times estimated EPS of $9.36 . Olive Garden is not closing all of its restaurants. Learn about our company, buy gift cards, search careers and more. Darden Restaurants (NYSE: DRI) opened Dec. 9 at $112.50 per share and with a market capitalization of $14.5 billion, almost twice last year's sales of $7.8 billion.The pandemic has been hard . Darden is the parent company of Olive Garden and Longhorn Steakhouse, among other brands. Darden Restaurants (NYSE: DRI) opened Dec. 9 at $112.50 per share and with a market capitalization of $14.5 billion, almost twice last year's sales of $7.8 billion.The pandemic has been hard . Darden's family of restaurants features some of the most recognizable and successful brands in full-service dining — Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's.We own and operate more than 1,800 restaurants and are proud to employ nearly 160,000 team members, making us one of the 50 largest . Darden Restaurants Inc. closed $15.44 below its 52-week high ($164.28), which the company achieved on September 23rd. ORLANDO, Fla. (AP) — The CEO of Darden Restaurants Inc., the owner of Olive Garden, LongHorn Steakhouse and other chains, will retire in May and be replaced by the company's Darden Restaurants, Inc. Analyst Report: Darden Restaurants, Inc. Darden Restaurants is the largest restaurant operator in the U.S. casual and fine dining markets, with consolidated revenue of $7 . In addition, it is currently trading 14.9% below its 52-week high of $164.28, which it hit on September 23, 2021. The company's total fiscal first-quarter 2022 sales . Restaurateurs Larry Foles and Guy Villavaso, who also founded Z'Tejas Southwestern Grill and Hopdoddy Burger Bar, launched . Premarket Movers: Biogen, Darden Restaurants, DISH Network Cl A. 110 . Markets were oversaturated with restaurants in 1997, forcing Darden to close 48 poorly performing locations and lose $91 million due to the restructuring. KELLOGG'S REACHES TENTATIVE AGREEMENT WITH STRIKING WORKERS Lee, who has served as . Darden's decision was communicated to the company's 190,000-person workforce in a memo today . The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on . Edgar (US Regulatory) FORM 4 [ ] Check this box if no longer subject to Section 16. Restaurant name Darden Restaurants, Inc. (NYSE:DRI) is mostly known for brands including Olive Garden, Longhorn Steakhouse, and The Capital Grille.Darden Restaurants has more than 1,800 restaurant . Despite its losses, the stock outperformed some of its competitors Thursday . owns and operates full-service dining restaurants in the United . At the time, most restaurants in America had to shut down due to public-health restrictions enacted to . Darden Restaurants (DRI) closed at $148.12 in the latest trading session, marking a +1.01% move from the prior day. Get instant alerts when news breaks on your . Darden Restaurants, Inc. (DRI) recently provided a lower-than-expected fiscal 2022 earnings guidance, primarily due to increased labor costs.The stock has lost 4.9% over the past month to close yesterday's trading session at $139.83. Dec 17, 2021 6:00AM EST. Despite its losses, the stock outperformed some of its competitors Tuesday . 12/17/2021. By mid-April of 2020, an estimated 30,000 American restaurants had closed for good and more than 110,000 were expected to shutter by. 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