Table of Contents Strategic Framework 2003 Financial Highlights Operating Company Overviews Great Expectations   Ambience   Service   Attentiveness   Knowledge   Friendliness   Cleanliness Letter To Shareholders Operating Highlights   Red Lobster   Olive Garden   Bahama Breeze   Smokey Bones BBQ New Business Opportunities Financial Review 2003 Corporate Responsibility Board of Directors Corporate Officers Shareholders Information
Darden Restaurants Fiscal Year Ended (In millions, except per share amounts) May 25, 2003 May 26, 2002 May 27, 2001 Sales   $ 4,655.0       $ 4,366.9       $ 3,992.4     Net Earnings $ 232.3   $ 237.8   $ 197.0   Net Earnings per Share:   Basic $ 1.36   $ 1.36   $ 1.10     Diluted $ 1.31   $ 1.30   $ 1.06   Dividends Paid per Share $ 0.080   $ 0.053   $ 0.053   Average Shares Outstanding:   Basic   170.3     174.7     179.6     Diluted   177.4     183.5     185.6   Darden Restaurants, Inc. is the largest publicly traded casual dining company in the world, serving more than 300 million meals a year at 1,271 restaurants in 49 states across the United States and in Canada. The Company, which operates four distinct restaurant concepts, has annual sales of more than $4.6 billion. The flagship brands, Red Lobster® and Olive Garden®, are the market share leaders in their casual dining segments, making Darden the only company in the industry to operate two restaurant companies each near or above $2 billion in sales. Bahama Breeze® and Smokey Bones® BBQ are Darden’s emerging concepts, and Seasons 52SM is a new upscale casual test restaurant, all developed internally. Darden employs more than 140,000 individuals and is based in Orlando, Florida. The Company trades on the New York Stock Exchange under the symbol DRI.