Summary
Darden Restaurants, Inc. (DRI) filed its Annual Report on Form 10-K for the fiscal year ended May 28, 2017. This filing primarily serves as an amendment to correct an administrative error in an exhibit and does not update other financial or operational information presented in the original report filed on July 21, 2017. For investors, this means the core financial performance and strategic insights from the original 10-K remain the primary focus for analysis for the period ending May 28, 2017. The report indicates that Darden Restaurants is not a shell company, and the aggregate market value of its common stock held by non-affiliates as of November 25, 2016, was approximately $7.06 billion. The company had over 125 million shares of common stock outstanding as of May 28, 2017. Key strategic decisions and financial results for the fiscal year would be detailed in the original 10-K filing, with this amendment being a procedural correction.
Financial Highlights
54 data points| Revenue | $7.17B |
| Gross Profit | $1.33B |
| Operating Expenses | $6.49B |
| Operating Income | $677.50M |
| Interest Expense | $34.40M |
| Net Income | $479.10M |
| EPS (Basic) | $3.85 |
| EPS (Diluted) | $3.80 |
| Shares Outstanding (Basic) | 124.30M |
| Shares Outstanding (Diluted) | 126.00M |
Key Highlights
- 1This filing is an amendment (Amendment No. 1) to the original Form 10-K filed on July 21, 2017, for the sole purpose of correcting an administrative error in Exhibit 24.
- 2The amendment does not alter or update any other information previously disclosed in the original 10-K for the fiscal year ended May 28, 2017.
- 3Darden Restaurants, Inc. is confirmed not to be a shell company.
- 4The aggregate market value of common stock held by non-affiliates was approximately $7.06 billion as of November 25, 2016.
- 5As of May 28, 2017, there were 125,418,175 shares of Common Stock outstanding.
- 6The company is not an emerging growth company that has elected to opt-out of the extended transition period for new accounting standards.