|March 3, 2014|
|07:07 EDT||DRI||Darden sees Q3 EPS 82, consensus 93c|
The company estimates that lower sales and higher direct costs associated with more severe winter weather than last year adversely affected diluted net earnings per share for this year's third quarter by approximately 7c. The Company also estimates that legal, financial advisory and other costs associated with implementation of the strategic action plan it announced in December 2013 reduced diluted net earnings per share for the third quarter by approximately 6c. Darden expects U.S. same-restaurant sales for the third quarter to increase 0.3% at LongHorn Steakhouse, decline 5.4% at Olive Garden and decline 8.8% at Red Lobster. The Company estimates that blended U.S. same-restaurant sales for the third quarter for its Specialty Restaurant Group will be down approximately 0.7%.
News For DRI From The Last 14 Days
|October 16, 2014|
|09:45 EDT||DRI||Darden expands board to 13, adds William Simon|
Darden Restaurants (DRI) announced that William Simon has been appointed to the company's board, effective immediately. As a result of this action, the board also voted to expand the number of seats on the Board to 13. Simon, most recently the CEO of Walmart U.S. (WMT) and a former senior executive at Brinker (EAT), previously served on Darden's board for two years but did not stand for re-election. Darden said its board "will continue to evaluate additional qualified candidates and may, or may not, make an additional appointment to the Board in the future."
|October 14, 2014|
|10:41 EDT||DRI||Darden trading higher after Gene Lee named interim CEO|
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|09:05 EDT||DRI||Darden appoints Jeffrey Smith independent non-executive chairman of the board|
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|October 13, 2014|
|13:22 EDT||DRI||Norwegian Cruise Line names Drew Madsen as COO |
Norwegian Cruise (NCLH) announced that hospitality veteran Drew Madsen has joined as president and COO of Norwegian Cruise Line. Madsen brings a strong track record of success to Norwegian with more than 30 years of leadership experience in the hospitality and consumer products industry, most recently as president and COO at Darden Restaurants (DRI) the world's largest full-service restaurant company.
|10:08 EDT||DRI||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Bankrate (RATE) downgraded to Equal Weight from Overweight at Stephens... CME Group (CME) downgraded to Market Perform from Outperform at Wells Fargo... Cliffs Natural (CLF) downgraded to Neutral from Overweight at JPMorgan... Dana Holding (DAN) downgraded to Sector Perform from Outperform at RBC Capital... Darden (DRI) downgraded to Neutral from Overweight at Piper Jaffray... Dover (DOV) downgraded to Neutral at RW Baird... DryShips (DRYS) downgraded to Underperform from Outperform at Imperial Capital... Infineon (IFNNY) downgraded to Neutral from Overweight at JPMorgan... J.C. Penney (JCP) downgraded to Sell from Neutral at UBS... Johnson Controls (JCI) downgraded to Outperform from Top Pick at RBC Capital... Juniper (JNPR) downgraded to Hold from Buy at Argus... Kennametal (KMT) downgraded to Market Perform from Outperform at Wells Fargo... Masco (MAS) downgraded to Equal Weight from Overweight at Barclays... New Gold (NGD) downgraded to Neutral from Overweight at JPMorgan... ON Semiconductor (ONNN) downgraded to Sector Perform from Outperform at Pacific Crest... PBF Energy (PBF) downgraded to Underweight from Equal Weight at Barclays... Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo... STMicroelectronics (STM) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Sector Perform at Pacific Crest... VOXX International (VOXX) downgraded to Market Perform from Outperform at Cowen.
|06:05 EDT||DRI||Darden downgraded to Neutral from Overweight at Piper Jaffray|
Piper Jaffray downgraded Darden to Neutral citing a lack of leadership clarity after Starboard ousted the company's entire board of directors.