Exhibit 99.1




FOR RELEASE
 
 
Contacts:
 
 
 
 
 
(Analysts) Kevin Kalicak
 
(407) 245-5870
 
 
 
(Media) Rich Jeffers
 
(407) 245-4189

DARDEN RESTAURANTS REPORTS STRONG FOURTH QUARTER AND FULL YEAR RESULTS; COMPANY PROVIDES FISCAL 2016 OUTLOOK
 
ORLANDO, FL (June 23, 2015)
- Darden Restaurants, Inc. (NYSE: DRI) today reported financial results for the fourth quarter and fiscal year ended May 31, 2015, which included a 53rd week of operations compared to last year. The company also introduced segment-level sales and profit performance.

Fourth Quarter 2015 Financial Highlights Versus Same Period a Year Ago
Total sales from continuing operations increased 13.8% to $1.88 billion
Adjusted earnings per diluted share* increased 100% to $1.08
On a GAAP basis, earnings per diluted share from continuing operations increased 156% to $0.92
Excluding the 53rd week, sales increased 6.3% and adjusted earnings per diluted share* increased approximately 87%
Same-restaurant sales** increased 3.8% for the quarter
+3.4% for Olive Garden
 
+3.2% for Yard House
 
 
+5.2% for LongHorn Steakhouse
 
+3.1% for Seasons 52
 
 
+4.4% for The Capital Grille
 
+1.7% for Bahama Breeze
 
 
+5.2% for Eddie V’s
 
 
 
 

Fiscal Year 2015 Financial Highlights Versus Same Period a Year Ago
Total sales from continuing operations increased 7.6% to $6.76 billion
Adjusted earnings per diluted share* increased 54% to $2.63
On a GAAP basis, earnings per diluted share from continuing operations increased 9% to $1.51
Excluding the 53rd week, sales increased 5.6% and adjusted earnings per diluted share* increased 50%
Same-restaurant sales** for the year increased 2.4%
+1.3% for Olive Garden
 
+3.8% for Yard House
 
 
+4.4% for LongHorn Steakhouse
 
+2.3% for Seasons 52
 
 
+4.8% for The Capital Grille
 
+1.8% for Bahama Breeze
 
 
+5.4% for Eddie V’s
 
 
 
 

* See the ‘Fourth Quarter 2015 Adjustments to Earnings Per Share’ section and the reconciliation tables below for more details
** Quarterly and annual same-restaurant sales exclude the impact of the 53rd fiscal week

“We are pleased with our improved performance during the fourth quarter The momentum we have built during the second half of the fiscal year gives us confidence that our back-to-basics focus - which is rooted in strong operating fundamentals around food, service and atmosphere - is resonating with our guests,” said CEO Gene Lee.  “We know there is more work to do and still see a lot of opportunity to further strengthen our performance in fiscal 2016.”

1

The following information was filed by Darden Restaurants Inc (DRI) on Tuesday, June 23, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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