Darden Restaurants, Inc.

Industry: Restaurants

Fortune Rank: 311

For the 13 weeks ended 28 August 2005, Darden Restaurants, Inc.'s revenues increased 10% to $1.41B. Net income increased 20% to $85.5M. Revenues reflect increased U.S. same-restaurant sales at Olive Garden and Red Lobster and a net increase of 57 company-owned restaurants since the first quarter of fiscal 2005. Net income also reflects cost savings initiatives, lower dairy costs, lower workers' compensation expenses, and increased sales leverage.

Darden Restaurants, Inc. is a casual dining restaurant company, which operates 1,381 restaurants in the United States and Canada. In the United States, the Company operates 1,344 restaurants in 49 states (the exception being Alaska), including 648 Red Lobster, 557 Olive Garden, 32 Bahama Breeze, 104 Smokey Bones Barbeque & Grill and three Seasons 52 restaurants. In Canada, the Company operates 37 restaurants, including 31 Red Lobster and six Olive Garden restaurants. The Company owns and operates all of its restaurants in the United States and Canada, with no franchising. Of its 1,381 restaurants open on May 29, 2005, 838 were located on owned sites and 543 were located on leased sites. In Japan, as of May 29, 2005, the Company licensed 37 Red Lobster restaurants to an unaffiliated Japanese corporation that operates the restaurants under an area development and franchise agreement.

Darden Restaurants, Inc.

Darden Restaurants, Inc. is a Fortune 500 company. In 2010 Darden Restaurants, Inc. was ranked number 311 on the Fortune 500 list, making it the 311th largest company in the United States when judged by revenue.

Darden Restaurants, Inc. achieved revenue of $7,217.50 million in 2010 and earned a profit of $372.20 million.

Darden Restaurants, Inc.' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 311th compared to 374th in 2009. This was based on its 2009 revenue of $6,747 million (a change of 1 million compared to 2010) and profits of $377 million (a change of $-5 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Darden Restaurants, Inc. would be ranked 254th rather than 311th due to its profits of $372 in 2010.

Darden Restaurants, Inc. Revenue* Profit* Fortune Ranking

* US$ Million

USPages Latest Business News At A Glance Business Shortcuts