ORLANDO, Fla., Dec. 18, 2020 /PRNewswire/ -- Darden Restaurants,
Inc., (NYSE:DRI) today reported its financial results for the
second quarter ended November 29, 2020.
Second Quarter 2021 Financial Highlights, Comparisons to
Second Quarter Last Year
- Total sales of $1.66 billion, a
decrease of 19.4% driven by negative blended same-restaurant sales
of 20.6% and partially offset by the addition of 19 net new
restaurants
- Same-restaurant sales by segment (Thanksgiving Day shifted to
the last week of our second fiscal quarter this year from the first
week of our third fiscal quarter last year):
|
(19.9)% for Olive
Garden
|
|
(31.0)% for Fine
Dining
|
|
(11.1)% for LongHorn
Steakhouse
|
|
(28.6)% for Other
Business
|
- Reported diluted net earnings per share from continuing
operations were $0.74 as compared to
last year's reported diluted net earnings per share of $0.21 and last year's adjusted diluted net
earnings per share of $1.12*
- Reported net earnings from continuing operations of
$97 million
- EBITDA of $206 million*
* See the "Non-GAAP Information" below for more
details
"I was pleased with our ability to once again deliver strong
profitability in an unpredictable sales environment," said CEO
Gene Lee. "Our restaurant teams
continue to demonstrate remarkable flexibility and resilience,
while executing at a high level and serving our guests safely. We
continue to view this environment as a rare opportunity to
meaningfully transform our business for long-term growth. Our
brands made additional strides to invest in and strengthen their
businesses to ensure they emerge even stronger and better
positioned to grow share."
Segment Performance
Segment profit represents sales,
less costs for food and beverage, restaurant labor, restaurant
expenses and marketing expenses. Segment profit excludes
non-cash real estate related expenses.
|
|
Q2
Sales
|
|
|
|
Q2 Segment
Profit
|
|
|
|
($ in
millions)
|
|
2021
|
|
2020
|
|
%
Change
|
|
2021
|
|
2020
|
|
%
Change
|
|
Consolidated
Darden
|
|
$1,656.5
|
|
$2,056.4
|
|
(19.4)
|
%
|
|
|
|
|
|
|
|
Olive
Garden
|
|
$829.5
|
|
$1,023.6
|
|
(19.0)
|
%
|
|
$175.1
|
|
$190.3
|
|
(8.0)
|
%
|
|
LongHorn
Steakhouse
|
|
$407.4
|
|
$447.3
|
|
(8.9)
|
%
|
|
$66.3
|
|
$71.9
|
|
(7.8)
|
%
|
|
Fine
Dining
|
|
$108.1
|
|
$154.8
|
|
(30.2)
|
%
|
|
$20.3
|
|
$30.4
|
|
(33.2)
|
%
|
|
Other
Business
|
|
$311.5
|
|
$430.7
|
|
(27.7)
|
%
|
|
$39.3
|
|
$47.7
|
|
(17.6)
|
%
|
|
|
YTD
Sales
|
|
|
|
YTD Segment
Profit
|
|
|
|
($ in
millions)
|
|
2021
|
|
2020
|
|
%
Change
|
|
2021
|
|
2020
|
|
%
Change
|
|
Consolidated
Darden
|
|
$3,183.9
|
|
$4,190.3
|
|
(24.0)
|
%
|
|
|
|
|
|
|
|
Olive
Garden
|
|
$1,617.7
|
|
$2,113.8
|
|
(23.5)
|
%
|
|
$348.9
|
|
$419.2
|
|
(16.8)
|
%
|
|
LongHorn
Steakhouse
|
|
$784.1
|
|
$897.5
|
|
(12.6)
|
%
|
|
$123.3
|
|
$146.4
|
|
(15.8)
|
%
|
|
Fine
Dining
|
|
$191.2
|
|
$291.1
|
|
(34.3)
|
%
|
|
$30.2
|
|
$50.7
|
|
(40.4)
|
%
|
|
Other
Business
|
|
$590.9
|
|
$887.9
|
|
(33.4)
|
%
|
|
$75.0
|
|
$112.1
|
|
(33.1)
|
%
|
Business Update
Comparable calendar* same-restaurant
sales performance for Darden, Olive Garden and LongHorn Steakhouse
for the weeks listed below are as follows:
|
Weeks
Ended
|
11/8/20
|
11/15/20
|
11/22/20
|
11/29/20
|
12/6/20
|
12/13/20
|
|
Darden
|
(23.4)
|
%
|
(23.3)
|
%
|
(29.1)
|
%
|
(34.0)
|
%
|
(33.4)
|
%
|
(36.9)
|
%
|
|
Olive
Garden
|
(21.9)
|
%
|
(22.5)
|
%
|
(27.3)
|
%
|
(34.9)
|
%
|
(31.1)
|
%
|
(32.6)
|
%
|
|
LongHorn
Steakhouse
|
(12.0)
|
%
|
(12.1)
|
%
|
(18.5)
|
%
|
(22.9)
|
%
|
(19.5)
|
%
|
(23.3)
|
%
|
* Comparable calendar reflects same-restaurant growth
for the weeks ended November 8, 2020
through December 13, 2020 compared to
weeks ended November 10, 2019 through
December 15, 2019
Percentage of restaurants open with at least limited dining room
capacity for the entire week:
|
Weeks
Ended
|
11/8/20
|
11/15/20
|
11/22/20
|
11/29/20
|
12/6/20
|
12/13/20
|
|
Darden
|
92.0
|
%
|
91.7
|
%
|
80.9
|
%
|
79.7
|
%
|
79.7
|
%
|
75.4
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales for Olive Garden and LongHorn Steakhouse restaurants open
with at least limited dining room capacity for the entire week,
including To Go sales, for the weeks ended November 8, 2020 through December 13, 2020, are as follows:
|
Weeks
Ended
|
11/8/20
|
11/15/20
|
11/22/20
|
11/29/20
|
12/6/20
|
12/13/20
|
|
Olive
Garden
|
|
|
|
|
|
|
|
Total Sales per
Restaurant
|
$75,492
|
$77,098
|
$71,495
|
$59,282
|
$75,851
|
$80,740
|
|
To Go Sales as % of
Total
|
34.4
|
%
|
34.8
|
%
|
36.4
|
%
|
34.0
|
%
|
36.6
|
%
|
36.8
|
%
|
|
Comparable Calendar*
Same-Restaurant Sales %
|
(19.1)
|
%
|
(19.7)
|
%
|
(19.8)
|
%
|
(25.6)
|
%
|
(21.8)
|
%
|
(23.3)
|
%
|
|
# of
Restaurants
|
792
|
789
|
668
|
652
|
648
|
612
|
|
|
|
|
|
|
|
|
LongHorn
Steakhouse
|
|
|
|
|
|
|
|
Total Sales per
Restaurant
|
$62,447
|
$63,179
|
$58,541
|
$46,544
|
$60,195
|
$63,448
|
|
To Go Sales as % of
Total
|
21.8
|
%
|
22.1
|
%
|
23.6
|
%
|
21.5
|
%
|
23.6
|
%
|
23.5
|
%
|
|
Comparable Calendar*
Same-Restaurant Sales %
|
(10.5)
|
%
|
(10.6)
|
%
|
(15.3)
|
%
|
(18.2)
|
%
|
(14.7)
|
%
|
(17.4)
|
%
|
|
# of
Restaurants
|
498
|
498
|
470
|
468
|
467
|
436
|
* Comparable calendar reflects same-restaurant growth
for the weeks ended November 8, 2020
through December 13, 2020 compared to
weeks ended November 10, 2019 through
December 15, 2019
Dividend Declared
Darden's Board of Directors declared
a quarterly cash dividend of $0.37 per share on the
Company's outstanding common stock. The dividend is payable
on February 1, 2021 to shareholders of record at the
close of business on January 8, 2021.
Fiscal 2021 Third Quarter Financial Outlook
Based on
recent performance trends, uncertainty surrounding further capacity
limits and dining room closures, and the duration of these impacts
we are providing a broad range of expectations for third quarter
performance.
- Total sales between 65% to 70% of prior year
- EBITDA of $170 to $210 million*
- Diluted net earnings per share from continuing operations of
$0.50 to $0.75
- Approximately 132 million weighted average diluted shares
outstanding
*See the "Non-GAAP Information" below for more
details
The Company is reiterating its full year outlook for 35-40 net
new restaurants and total capital spending of $250 to $300
million.
Investor Conference Call
The Company will host a
conference call and slide presentation on Friday, December 18
at 8:30 am ET to review its recent
financial performance. To listen to the call live, please go to
https://www.webcaster4.com/Webcast/Page/1007/38874 at
least fifteen minutes early to register, download, and install any
necessary audio software. Prior to the call, a slide presentation
will be posted on the Investor Relations section of our website at:
www.darden.com. For those who cannot access the Internet,
please dial 1-833-470-0145 and enter passcode 6365427. For
those who cannot listen to the live broadcast, a replay will be
available shortly after the call.
About Darden
Darden is a restaurant company featuring
a portfolio of differentiated brands that include Olive
Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen,
Yard House, The Capital Grille, Seasons 52, Bahama
Breeze and Eddie V's. For more information, please visit
www.darden.com.
Information About Forward-Looking
Statements
Forward-looking statements in this communication
regarding our expected earnings performance and all other
statements that are not historical facts, including without
limitation statements concerning our future economic performance,
are made under the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Any forward-looking statements speak
only as of the date on which such statements are first made, and we
undertake no obligation to update such statements to reflect events
or circumstances arising after such date. We wish to caution
investors not to place undue reliance on any such forward-looking
statements. By their nature, forward-looking statements involve
risks and uncertainties that could cause actual results to
materially differ from those anticipated in the statements. The
most significant of these uncertainties are described in Darden's
Form 10-K, Form 10-Q and Form 8-K reports. These risks and
uncertainties include the impacts of the novel coronavirus
(COVID-19) pandemic on our business and the response of governments
and of our Company to the outbreak, health concerns including
food-related pandemics or outbreaks of flu or other viruses,
technology failures including failure to maintain a secure cyber
network, food safety and food-borne illness concerns, the inability
to hire, train, reward and retain restaurant team members, a
failure to develop and recruit effective leaders, risks
relating to public policy changes and federal, state and local
regulation of our business, litigation, unfavorable publicity, an
inability or failure to manage the accelerated impact of social
media, long-term and non-cancelable property leases, labor and
insurance costs, failure to execute a business continuity plan
following a disaster, intense competition, changing consumer
preferences, failure to drive profitable sales growth, a lack of
availability of suitable locations for new restaurants,
higher-than-anticipated costs to open, close, relocate or remodel
restaurants, a failure to execute innovative marketing tactics, a
failure to address cost pressures, shortages or interruptions in
the delivery of food and other products and services, adverse
weather conditions and natural disasters, volatility in the market
value of derivatives, volatility leading to the inability to hedge
equity compensation market exposure, economic factors specific to
the restaurant industry and general macroeconomic factors including
interest rates, disruptions in the financial markets, risks of
doing business with franchisees, licensees and vendors in foreign
markets, failure to protect our intellectual property, impairment
in the carrying value of our goodwill or other intangible assets,
failure of our internal controls over financial reporting and other
factors and uncertainties discussed from time to time in reports
filed by Darden with the Securities and Exchange Commission.
Non-GAAP Information
The information in this press
release includes financial information determined by methods other
than in accordance with U.S. generally accepted accounting
principles ("GAAP"), such as adjusted diluted net earnings per
share from continuing operations and EBITDA. The Company's
management uses these non-GAAP measures in its analysis of the
Company's performance. The Company believes that the presentation
of certain non-GAAP measures provides useful supplemental
information that is essential to a proper understanding of the
operating results of the Company's businesses. These non-GAAP
disclosures should not be viewed as a substitute for operating
results determined in accordance with GAAP, nor are they
necessarily comparable to non-GAAP performance measures that may be
presented by other companies. Reconciliations of these non-GAAP
measures are included in this release.
|
Fiscal Q2 Reported
to Adjusted Earnings Reconciliation
|
|
Q2
2020
|
|
$ in millions, except
EPS
|
Earnings
Before
Income
Tax
|
Income
Tax
Expense
(Benefit)
|
Net
Earnings
|
Diluted
Net
Earnings
Per Share
|
|
Reported Earnings
from Continuing Operations
|
$(6.2)
|
$(31.6)
|
$25.4
|
$0.21
|
|
Adjustments:
|
|
|
|
|
|
Pension settlement
charge1
|
147.1
|
36.2
|
110.9
|
0.90
|
|
International structure
simplification
|
6.2
|
4.1
|
2.1
|
0.01
|
|
Adjusted Earnings
from Continuing Operations
|
$147.1
|
$8.7
|
$138.4
|
$1.12
|
|
1In November of fiscal 2020, we
settled our benefit obligation to participants in our primary
noncontributory defined benefit pension plan as part of our
termination of that plan,
resulting in a settlement charge.
|
|
Earnings Before
Interest, Taxes, Depreciation and
Amortization (EBITDA) Reconciliation
|
|
$ in
millions
|
Q2
2021
|
|
Reported Earnings
from Continuing Operations
|
$96.9
|
|
Interest
|
14.6
|
|
Income Tax
Expense
|
8.8
|
|
Depreciation and
Amortization
|
86.0
|
|
EBITDA
|
$206.3
|
|
Fiscal 2021 Third
Quarter EBITDA Outlook Reconciliation
|
|
$ in
millions
|
|
Net
Earnings
|
$66
|
to
|
$99
|
|
Interest,
net
|
15
|
|
15
|
|
Income tax
expense
|
1
|
|
8
|
|
Depreciation and
amortization
|
88
|
|
88
|
|
EBITDA
|
$170
|
to
|
$210
|
|
DARDEN
RESTAURANTS, INC.
|
|
NUMBER OF
COMPANY-OWNED RESTAURANTS
|
|
|
11/29/20
|
11/24/19
|
|
Olive
Garden
|
874
|
|
867
|
|
|
LongHorn
Steakhouse
|
527
|
|
518
|
|
|
Cheddar's Scratch
Kitchen
|
168
|
|
166
|
|
|
Yard House
|
81
|
|
79
|
|
|
The Capital
Grille1
|
60
|
|
59
|
|
|
Seasons 52
|
43
|
|
45
|
|
|
Bahama
Breeze
|
41
|
|
42
|
|
|
Eddie V's
|
24
|
|
23
|
|
|
Darden Continuing
Operations
|
1,818
|
|
1,799
|
|
|
1Includes
two The Capital Burger restaurants in fiscal 2021 and one in fiscal
2020.
|
|
DARDEN
RESTAURANTS, INC.
|
|
CONSOLIDATED
STATEMENTS OF EARNINGS
|
|
(In millions,
except per share data)
|
|
(Unaudited)
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
11/29/2020
|
|
11/24/2019
|
|
11/29/2020
|
|
11/24/2019
|
|
Sales
|
$
|
1,656.5
|
|
|
$
|
2,056.4
|
|
|
$
|
3,183.9
|
|
|
$
|
4,190.3
|
|
|
Costs and
expenses:
|
|
|
|
|
|
|
|
|
Food and
beverage
|
475.1
|
|
|
583.0
|
|
|
909.6
|
|
|
1,186.3
|
|
|
Restaurant
labor
|
535.5
|
|
|
692.3
|
|
|
1,036.2
|
|
|
1,396.1
|
|
|
Restaurant
expenses
|
330.5
|
|
|
375.6
|
|
|
621.4
|
|
|
748.0
|
|
|
Marketing
expenses
|
18.8
|
|
|
66.3
|
|
|
47.6
|
|
|
135.0
|
|
|
General and
administrative expenses
|
89.9
|
|
|
91.4
|
|
|
218.2
|
|
|
189.4
|
|
|
Depreciation and
amortization
|
86.0
|
|
|
87.6
|
|
|
173.6
|
|
|
173.8
|
|
|
Total operating costs
and expenses
|
$
|
1,535.8
|
|
|
$
|
1,896.2
|
|
|
$
|
3,006.6
|
|
|
$
|
3,828.6
|
|
|
Operating
income
|
120.7
|
|
|
160.2
|
|
|
177.3
|
|
|
361.7
|
|
|
Interest,
net
|
14.6
|
|
|
13.1
|
|
|
31.2
|
|
|
24.2
|
|
|
Other (income)
expense, net
|
0.4
|
|
|
153.3
|
|
|
7.9
|
|
|
153.3
|
|
|
Earnings before
income taxes
|
105.7
|
|
|
(6.2)
|
|
|
138.2
|
|
|
184.2
|
|
|
Income tax expense
(benefit)
|
8.8
|
|
|
(31.6)
|
|
|
4.0
|
|
|
(13.0)
|
|
|
Earnings from
continuing operations
|
$
|
96.9
|
|
|
$
|
25.4
|
|
|
$
|
134.2
|
|
|
$
|
197.2
|
|
|
Losses from
discontinued operations, net of tax benefit of $0.7,
$0.7, $1.6 and $0.9 respectively
|
(0.9)
|
|
|
(0.7)
|
|
|
(2.1)
|
|
|
(1.9)
|
|
|
Net
earnings
|
$
|
96.0
|
|
|
$
|
24.7
|
|
|
$
|
132.1
|
|
|
$
|
195.3
|
|
|
|
|
|
|
|
|
|
|
Basic net earnings
per share:
|
|
|
|
|
|
|
|
|
Earnings from
continuing operations
|
$
|
0.74
|
|
|
$
|
0.21
|
|
|
$
|
1.03
|
|
|
$
|
1.61
|
|
|
Losses from
discontinued operations
|
—
|
|
|
(0.01)
|
|
|
(0.01)
|
|
|
(0.02)
|
|
|
Net
earnings
|
$
|
0.74
|
|
|
$
|
0.20
|
|
|
$
|
1.02
|
|
|
$
|
1.59
|
|
|
Diluted net earnings
per share:
|
|
|
|
|
|
|
|
|
Earnings from
continuing operations
|
$
|
0.74
|
|
|
$
|
0.21
|
|
|
$
|
1.02
|
|
|
$
|
1.59
|
|
|
Losses from
discontinued operations
|
(0.01)
|
|
|
(0.01)
|
|
|
(0.01)
|
|
|
(0.02)
|
|
|
Net
earnings
|
$
|
0.73
|
|
|
$
|
0.20
|
|
|
$
|
1.01
|
|
|
$
|
1.57
|
|
|
Average number of
common shares outstanding:
|
|
|
|
|
|
|
|
|
Basic
|
130.3
|
|
|
122.2
|
|
|
130.1
|
|
|
122.5
|
|
|
Diluted
|
131.5
|
|
|
123.7
|
|
|
131.2
|
|
|
124.1
|
|
|
DARDEN
RESTAURANTS, INC.
|
|
CONSOLIDATED
BALANCE SHEETS
|
|
(In
millions)
|
|
|
11/29/2020
|
|
5/31/2020
|
|
(Unaudited)
|
|
|
|
ASSETS
|
|
|
|
|
Current
assets:
|
|
|
|
|
Cash and cash
equivalents
|
$
|
777.3
|
|
|
$
|
763.3
|
|
|
Receivables,
net
|
46.2
|
|
|
49.8
|
|
|
Inventories
|
203.0
|
|
|
206.9
|
|
|
Prepaid income
taxes
|
21.8
|
|
|
18.4
|
|
|
Prepaid expenses and
other current assets
|
61.4
|
|
|
63.0
|
|
|
Total current
assets
|
$
|
1,109.7
|
|
|
$
|
1,101.4
|
|
|
Land, buildings and
equipment, net
|
2,776.0
|
|
|
2,756.9
|
|
|
Operating lease
right-of-use assets
|
3,909.8
|
|
|
3,969.2
|
|
|
Goodwill
|
1,037.4
|
|
|
1,037.4
|
|
|
Trademarks
|
806.3
|
|
|
805.9
|
|
|
Other
assets
|
288.4
|
|
|
275.3
|
|
|
Total
assets
|
$
|
9,927.6
|
|
|
$
|
9,946.1
|
|
|
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
Accounts
payable
|
$
|
235.6
|
|
|
$
|
249.4
|
|
|
Short-term
debt
|
—
|
|
|
270.0
|
|
|
Accrued
payroll
|
130.0
|
|
|
150.0
|
|
|
Accrued income
taxes
|
6.1
|
|
|
6.2
|
|
|
Other accrued
taxes
|
47.6
|
|
|
43.4
|
|
|
Unearned
revenues
|
439.9
|
|
|
467.9
|
|
|
Other current
liabilities
|
686.9
|
|
|
605.9
|
|
|
Total current
liabilities
|
$
|
1,546.1
|
|
|
$
|
1,792.8
|
|
|
Long-term
debt
|
929.4
|
|
|
928.8
|
|
|
Deferred income
taxes
|
45.1
|
|
|
56.1
|
|
|
Operating lease
liability - non-current
|
4,222.8
|
|
|
4,276.3
|
|
|
Other
liabilities
|
729.1
|
|
|
560.9
|
|
|
Total
liabilities
|
$
|
7,472.5
|
|
|
$
|
7,614.9
|
|
|
Stockholders'
equity:
|
|
|
|
|
Common stock and
surplus
|
$
|
2,239.0
|
|
|
$
|
2,205.3
|
|
|
Retained
earnings
|
223.2
|
|
|
143.5
|
|
|
Accumulated other
comprehensive income (loss)
|
(7.1)
|
|
|
(17.6)
|
|
|
Total stockholders'
equity
|
$
|
2,455.1
|
|
|
$
|
2,331.2
|
|
|
Total liabilities and
stockholders' equity
|
$
|
9,927.6
|
|
|
$
|
9,946.1
|
|
|
DARDEN
RESTAURANTS, INC.
|
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
|
(In
millions)
|
|
(Unaudited)
|
|
|
Six Months
Ended
|
|
11/29/2020
|
|
11/24/2019
|
|
Cash flows—operating
activities
|
|
|
|
|
Net
earnings
|
$
|
132.1
|
|
|
$
|
195.3
|
|
|
Losses from
discontinued operations, net of tax
|
2.1
|
|
|
1.9
|
|
|
Adjustments to
reconcile net earnings from continuing operations to cash
flows:
|
|
|
|
|
Depreciation and
amortization
|
173.6
|
|
|
173.8
|
|
|
Stock-based
compensation expense
|
41.4
|
|
|
28.0
|
|
|
Pension settlement
charge
|
—
|
|
|
147.1
|
|
|
Change in current
assets and liabilities and other, net
|
79.4
|
|
|
(103.0)
|
|
|
Net cash provided by
operating activities of continuing operations
|
$
|
428.6
|
|
|
$
|
443.1
|
|
|
Cash flows—investing
activities
|
|
|
|
|
Purchases of land,
buildings and equipment
|
(108.2)
|
|
|
(256.5)
|
|
|
Proceeds from disposal
of land, buildings and equipment
|
5.4
|
|
|
4.3
|
|
|
Cash used in business
acquisitions, net of cash acquired
|
—
|
|
|
(37.0)
|
|
|
Purchases of
capitalized software and changes in other assets, net
|
(6.9)
|
|
|
(20.5)
|
|
|
Net cash used in
investing activities of continuing operations
|
$
|
(109.7)
|
|
|
$
|
(309.7)
|
|
|
Cash flows—financing
activities
|
|
|
|
|
Proceeds from issuance
of common stock
|
10.4
|
|
|
14.8
|
|
|
Dividends
paid
|
(39.1)
|
|
|
(215.7)
|
|
|
Repurchases of common
stock
|
(6.8)
|
|
|
(230.9)
|
|
|
Repayments of
short-term debt
|
(270.0)
|
|
|
—
|
|
|
Principal payments on
finance leases
|
(2.9)
|
|
|
(2.5)
|
|
|
Other, net
|
—
|
|
|
0.5
|
|
|
Net cash used in
financing activities of continuing operations
|
$
|
(308.4)
|
|
|
$
|
(433.8)
|
|
|
Cash
flows—discontinued operations
|
|
|
|
|
Net cash provided by
operating activities of discontinued operations
|
3.5
|
|
|
0.4
|
|
|
Net cash provided by
discontinued operations
|
$
|
3.5
|
|
|
$
|
0.4
|
|
|
|
|
|
|
Increase (decrease)
in cash and cash equivalents
|
14.0
|
|
|
(300.0)
|
|
|
Cash and cash
equivalents - beginning of period
|
763.3
|
|
|
457.3
|
|
|
Cash and cash
equivalents - end of period
|
$
|
777.3
|
|
|
$
|
157.3
|
|
View original
content:http://www.prnewswire.com/news-releases/darden-restaurants-reports-fiscal-2021-second-quarter-results-announces-quarterly-dividend-and-provides-fiscal-2021-third-quarter-outlook-301195693.html
SOURCE Darden Restaurants, Inc.: Financial