Darden Restaurants (DRI) Raises Quarterly Dividend 12.5% to $0.63; 2.8% Yield

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Go back to Darden Restaurants (DRI) Raises Quarterly Dividend 12.5% to $0.63; 2.8% Yield

Darden Restaurants Reports Fiscal 2017 Fourth Quarter And Full Year Results; Fourth Quarter Same-Restaurant Sales Growth Of 3.3%; And Increases Quarterly Dividend 12.5%

June 27, 2017 7:00 AM EDT

ORLANDO, Fla., June 27, 2017 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the fourth quarter and fiscal year ended May 28, 2017.

Fourth Quarter 2017 Financial Highlights Versus Same Fiscal Quarter Last Year

Total sales from continuing operations increased 8.1% to $1.93 billion Reported diluted net earnings per share from continuing operations decreased 10.0% to $0.99 and were negatively impacted by $0.19 due to: A non-cash accounting charge of approximately $0.10 related to the early settlement of a portion of our pension plan commitments Approximately $0.09 of... More