| Business Summary | | Darden
Restaurants,
Inc.
(Darden)
is
the
world's
largest
casual
dining
restaurant
organization.
As
of
May
28,
2000,
Darden
operated
approximately
1,100
restaurants
in
49
states
(the
exception
being
Alaska),
including
approximately
620
Red
Lobster,
approximately
460
Olive
Garden,
14
Bahama
Breeze,
and
two
Smokey
Bones
BBQ
Sports
Bar
restaurants.
In
addition,
the
Company
operated
37
restaurants
in
Canada,
including
32
Red
Lobster
and
five
Olive
Garden
restaurants.
The
Company
also
operated
one
Olive
Garden
Cafe
in
the
United
States
as
of
May
28,
2000.
The
Company
operates
all
of
its
North
American
restaurants.
In
Japan,
as
of
May
28,
2000,
Red
Lobster
Japan
Partners,
a
Japanese
retailer
unaffiliated
with
Darden,
operated
35
Red
Lobster
restaurants
pursuant
to
an
Area
Development
and
Franchise
Agreement. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Darden
Restaurants,
Inc.
is
a
full
service
restaurant
organization.
DRI
operates
1,148
restaurants
under
the
names:
Red
Lobster,
The
Olive
Garden
and
Bahama
Breeze.
For
the
fiscal
year
ended
5/27/01,
sales
rose
9%
to
$4.02
billion.
Net
income
rose
11%
to
$197
million.
Revenues
reflect
a
7.2%
increase
in
same
store
sales
and
the
opening
of
new
Bahama
Breeze
and
Smokey
Bones
restaurants.
Earnings
also
benefited
from
improved
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Joe Lee, 59 CEO
and Chairman | $2.9M | $1.9M | Bradley Blum, 46 Exec.
VP | 1.5M | 230K | Clarence Otis, 44 Sr.
VP, CFO | 1.0M | -- | Linda Dimopoulos, 49 Sr.
VP, CIO | -- | -- | Steve Helsel, 55 Sr.
VP, Corp. Controller | -- | -- | Dollar
amounts are as of 30-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|