DARDEN RESTAURANTS INC (DRI)

Darden Restaurants, Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment consists of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V's restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar's Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants, and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.

Address

1000 DARDEN CENTER DRIVE
ORLANDO, FL 32837

Founded

1938

Number of Employees

191,105

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$483,579 $537 $399,130 $206,786 $195,084 $323,176 $44,160 $620,181 $854,580 $466,623 $116,566 $337,309
Average Price $48.26 $61.67 $61.67 $83.16 $100.99 $115.48 $99.18 $145.76 $130.98 $151.52 $157.73 $95.73
# Shares Purchased 10,020,501 8,700 6,471,823 2,486,559 1,931,680 2,798,587 445,270 4,254,761 6,524,567 3,079,524 739,024 3,523,727
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 231.5% 159.4% 159.4% 92.4% 58.4% 38.6% 61.3% 9.8% 22.2% 5.6% 1.4% 67.1%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return 49.7% -13.5% -9.2% -37.3% -46.4% -54.6% -13.5% -21.9% -15.1% -25.7% -6.0% -26.8%
Quartile Rank
Percentile Rank 79% 71% 72% 67% 61% 55% 61% 54% 65% 44% 43% 77%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.