UPDATE: Darden Restaurants (DRI) PT Lowered to $180 at MKM Partners
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Darden Restaurants Announces Upcoming CEO Transition
December 17, 2021 7:05 AM ESTORLANDO, 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 Shareholders. At that time, Lee is expected to stand for re-election to the Board and continue to serve as Chairman in a non-executive capacity.
The Board has unanimously elected Ricardo (Rick) Cardenas, 53, Darden's current President and Chief... More
Darden Restaurants Reports Fiscal 2022 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2022 Outlook
December 17, 2021 7:00 AM ESTORLANDO, Fla., Dec. 17, 2021 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the second quarter ended November 28, 2021.
Second Quarter 2022 Financial Highlights
Total sales increased 37% from last year to $2.27Â billion driven by a blended same-restaurant sales increase of 34.4% and the addition of 34 net new restaurants Same-restaurant sales by segment:Consolidated... More
