Jefferies Remains Sidelined on Darden Restaurants (DRI) Following 3Q Report
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Dell again lifts annual forecasts as AI demand powers record results
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- Comstock Resources signs $1.65B deal with SOCAR, $450M JV
Darden Announces Resignation of Jeffrey C. Smith From Board of Directors; Charles M. Sonsteby Elected Chairman
April 5, 2016 7:01 AM EDTORLANDO, Fla., April 5, 2016 /PRNewswire/ --Â Darden Restaurants, Inc. (NYSE: DRI) today announced that Jeffrey (Jeff) C. Smith has resigned from its Board of Directors effective April 4, 2016. Mr. Smith had served on the Board of Directors and as the Company's Chairman of the Board since October 2014. With the announcement of Mr. Smith's departure, the Board unanimously elected Charles (Chuck) M. Sonsteby, a current independent director, as Chairman. The Company now has ten directors.
"It is with mixed emotion that I leave the Board of Directors," said Smith. "I will... More
Darden Restaurants Reports Fiscal 2016 Third Quarter Results; Reports Positive Same-Restaurant Sales For All Brands; And Increases Same-Restaurant Sales And Earnings Outlook For The Full Fiscal Year
April 5, 2016 7:00 AM EDTORLANDO, Fla., April 5, 2016 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the third quarter ended February 28, 2016.
Third Quarter 2016 Financial Highlights Versus Same Fiscal Quarter Last Year
Total sales from continuing operations increased 6.7% to $1.85 billion Adjusted diluted net earnings per share from continuing operations increased 22.2% to $1.21* On a reported basis, diluted net earnings per share from continuing operations were $0.84 and were negatively impacted by approximately $0.37, primarily related to the early retirement of debt The company repurchased approximately $140 million of its... More