UPDATE: MKM Partners Upgrades Darden Restaurants (DRI) to Buy
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Darden Restaurants Reports Fiscal 2021 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; And Provides Fiscal 2022 Outlook
June 24, 2021 7:00 AM EDTORLANDO, Fla., June 24, 2021 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) today reported its financial results for the fourth quarter and fiscal year ended May 30, 2021.
Fourth Quarter Financial Highlights, Comparisons to Fourth Quarter Last Year and Fourth Quarter Fiscal 2019
Total sales increased 79.5% to $2.28 billion driven by a blended same-restaurant sales increase of 90.4% and the addition of 30 net new restaurants, partially offset by one less week of operations this year Same-restaurant sales:Same-restaurant... More
