Magi Astrology


FINANCIAL ASTROLOGY

First Trade Date for Darden Restaurants, Inc.

 

 

Company NameFirst Trade Date (yyyy-mm-dd)
Darden Restaurants, Inc.1995-05-09

Company NameSymbol
Darden Restaurants, Inc.DRI
History and Business of Company
(this information may include date of incorporation)
Darden Restaurants, Inc. is the largest publicly held casual dining restaurant company in the world1, and served over 300 million meals during fiscal 2003. As of May 25, 2003, we operated 1,271 restaurants in the United States and Canada. In the United States, we operated 1,234 restaurants in 49 states (the exception being Alaska), including 642 Red Lobster(R), 518 Olive Garden(R), 34 Bahama Breeze(R), 39 Smokey Bones(R) BBQ and one Seasons 52SM restaurants. In Canada, we operated 37 restaurants, including 31 Red Lobster and six Olive Garden restaurants. We own and operate all of our restaurants in the United States and Canada, with no franchising. Of our 1,271 restaurants and the one Olive Garden Cafe open on May 25, 2003, 803 were located on owned sites and 469 were located on leased sites. In Japan, we licensed 33 Red Lobster restaurants to an unaffiliated Japanese corporation that operates the restaurants under an Area Development and Franchise Agreement.

Darden is a Florida corporation incorporated in March 1995, and is the parent company of GMRI, Inc., also a Florida corporation. GMRI and our other subsidiaries own the operating assets of the restaurants. GMRI was originally incorporated in March 1968 as Red Lobster Inns of America, Inc.

Our principal executive offices and restaurant support center are located at 5900 Lake Ellenor Drive, Orlando, Florida 32809, telephone (407) 245-4000. Our corporate website address is www.darden.com (or, for employees inside our computer firewall, www.dardenusa.com). We make our filed reports on Forms 10-K, 10-Q and 8-K, and Section 16 reports on Forms 3, 4 and 5, and all amendments to those reports available free of charge on our website the same day as the reports are filed with or furnished to the Securities and Exchange Commission. Information on our website is not deemed to be incorporated by reference into this Form 10-K. Unless the context indicates otherwise, all references to Darden, "we", "our" or "us" include Darden, GMRI and our respective subsidiaries.

We opened our first restaurant, a Red Lobster, in Lakeland, Florida in 1968. Red Lobster was founded by William B. Darden, for whom we are named. We were acquired by General Mills, Inc. in 1970. In May 1995, we became a separate publicly held company when General Mills distributed all outstanding Darden stock to General Mills' stockholders.

The number of Red Lobster and Olive Garden restaurants open at the end of fiscal 2003 increased by six and 28, respectively, as compared to the end of fiscal 2002. Red Lobster has grown from six restaurants in operation at the end of fiscal 1970 to 673 units in North America by the end of fiscal 2003. Olive Garden, an internally developed concept, opened its first restaurant in Orlando, Florida in fiscal 1983, and by the end of fiscal 2003 had expanded to 524 restaurants and one food court cafe in North America.

Bahama Breeze is an internally developed concept with a Caribbean theme. In fiscal 1996, Bahama Breeze opened its first restaurant in Orlando, Florida. At the end of fiscal 2003, there were 34 Bahama Breeze restaurants.

Smokey Bones is also an internally developed concept featuring barbeque and other American-style favorites served in an inviting lodge setting. The first restaurant was opened in fiscal 2000 in Orlando, Florida. At the end of fiscal 2003, there were 39 Smokey Bones restaurants.

In February 2003, we opened a new test restaurant in Orlando, Florida called Seasons 52SM. It is a casually sophisticated fresh grill and wine bar with seasonally inspired menus offering fresh ingredients to create great tasting, nutritionally balanced meals that are lower in calories than comparable restaurant meals.








 

 

 

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