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Security Profile
- Security Type
- Common Stock
- CUSIP
- 237194105
- Market Cap
- Large Cap · $7 Billion
Business: Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Company's restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V's Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia.
Notes: Oct. 21, 2015 -- Darden Restaurants, Inc. (NYSE: DRI) announced today that its board of directors has approved, subject to certain conditions, the tax-free spin-off (Spin-off) of select real estate and restaurant assets into Four Corners Property Trust, Inc. (FCPT), which will become an independent, publicly traded real estate investment trust (REIT). Darden expects to distribute all of the FCPT shares on November 9, 2015, pro rata to Darden shareholders of record on November 2, 2015. Following the Spin-off, Darden will continue to be listed on the NYSE under the symbol DRI, while FCPT will list its common stock on the NYSE under the symbol FCPT.
Company Contact
- CEO
- Eugene I. Lee Jr.
- CFO
- Jeffrey A. Davis
- Headquarters
- 1000 Darden Center Drive, Orlando, FL 32837
- Phone
- 407-245-4000
- Fax
- 407-245-5296
- Investor Relations
- Matthew Stroud · 407-245-5288