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Darden Restaurants
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Darden Restaurants has grown to be the top casual-dining restaurant operator in the United States. Their holdings include 650 Red Lobster seafood restaurants, 465 Olive Garden Italian restaurants, and the six Bahama Breeze Caribbean restaurants. The company ... is expanding into barbecue restaurants with Smokey Bones BBQ. They are currently listed on the Fortune 500 with more than 116,000 employees and annual sales figures at more than $3.5 billion. The first restaurant, a Red Lobster, was opened more than 30 years ago in Lakeland, Fla. Red Lobster has grown to be the world's leading seafood restaurant company. Growing even faster than Red Lobster, Olive Garden exceeded $500 million in sales only five years after the decision was made to expand.
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Darden Restaurants, Inc. (Darden) is a casual dining restaurant company. The Company owns and operates the Red Lobster, Olive Garden, Bahama Breeze, Smokey Bones Barbeque & Grill, and Seasons 52 restaurant concepts located in the United States and Canada. During the fiscal year ended May 27, 2007 (fiscal 2007), Darden operated 1,397 restaurants in the United States and Canada. In the United States, it operated 1,362 restaurants in 49 states (the exception being Alaska), including 651 Red Lobster, 608 Olive Garden, 23 Bahama Breeze, 73 Smokey Bones Barbeque & Grill and seven Seasons 52 restaurants. In Canada, it operated 35 restaurants, including 29 Red Lobster and six Olive Garden restaurants. On October 1, 2007, Darden completed its acquisition of RARE Hospitality International, Inc. (RARE), pursuant to an Agreement and Plan of Merger, dated as of August 16, 2007, among the Company, Surf & Turf Merger Corp., a wholly owned subsidiary of the Company and RARE.
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In its community outreach efforts, Darden Restaurants has forged relationships with many leadership organizations serving diverse communities. They include the Executive Leadership Council, the Urban League, National Council of La Raza, the NAACP, the National Council for Community and Justice, the United Negro College Fund, and the Hispanic, Asian, and African American Chambers of Commerce, among others.
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Darden Restaurants has many career opportunities and a resume tracking system that might find you considered for several different positions depending on your experience, skills and background. For specific restaurant and corporate listings please use the links that interest you on the career page listed above. The company ... offers internships for college students, as well as management positions for recent college graduates.
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Darden Restaurants entered the new millennium on solid financial ground. Sales increased 7 percent over the previous year while earnings climbed to $173.1 million. During the year, Red Lobster and Olive Garden achieved their tenth and 23rd consecutive quarter of sales increases, respectively. The company as a whole recorded its 14th consecutive quarter of earnings increases. The company posted its best financial year to date in fiscal 2001. During the year, sales reached $4 billion, while earnings increased to $197 million.
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Darden Restaurants Inc. (DRI) opened at 41.19. So far today, the stock has hit a low of 41.05 and a high of 42.26. DRI is now trading at 42.16, up 0.93 (2.26%). The stock hit its 52 week high of 47.60 in June and set its 52 week low of 37.83 in September. The stock has been very volatile over the past year, but the overall trend for this stock is sideways. The Federal Trade Commission announced today that U.S. antitrust officials approved Darden Restaurants's purchase of Rare Hospitality International Inc (RARE).
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Darden Restaurants