 |
 |
Darden Restaurants, Inc. is the largest publicly traded casual dining company in the world, serving more than 300 million meals a year at 1,211 restaurants in 49 states across the United States and in Canada. The Company, which operates four distinct restaurant concepts, has annual sales of $4.4 billion. The flagship brands, Red Lobster® and Olive Garden®, are the market share leaders in their segments of casual dining, making Darden the only company in the industry to operate more than one restaurant company with sales exceeding $1.8 billion. Bahama Breeze® and Smokey Bones® BBQ Sports Bar are Darden’s two newest concepts, and both were developed internally. Darden employs more than 133,000 individuals and is headquartered in Orlando, Florida.
The Company trades on the New York Stock Exchange under the symbol DRI.
| (1) | Adjusted to reflect new accounting rules for sales incentives adopted in the fourth quarter of fiscal 2002. |
| (2) | After-tax restructuring credits of $1.6 million and $5.2 million were taken in 2002 and 2000, respectively, as the Company reversed portions of its 1997 restructuring liability. The liability related to a fiscal year 1997 restructuring and asset impairment charge for restaurant properties that were identified as low performing. During 2000, an after-tax asset impairment charge of $1.6 million was taken related to additional write-downs of impaired properties. |
|
|