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Notes to Consolidated Financial Statements
Darden
66 Darden Restaurants, Inc. 2012 Annual Report
`NOTE 21
QUARTERLY DATA (UNAUDITED)
The following table summarizes unaudited quarterly data for fiscal 2012 and fiscal 2011:
Fiscal 2012 — Quarters Ended
(in millions, except per share data) Aug. 28 Nov. 27 Feb. 26 May 27 Total
Sales $1,942.0 $1,831.5 $2,159.7 $2,065.6 $7,998.7
Earnings before income taxes 147.0 72.5 217.8 200.7 638.0
Earnings from continuing operations 106.8 54.1 164.1 151.6 476.5
Losses from discontinued operations, net of tax (0.2) (0.4) — (0.4) (1.0)
Net earnings 106.6 53.7 164.1 151.2 475.5
Basic net earnings per share:
Earnings from continuing operations 0.80 0.42 1.28 1.18 3.66
Losses from discontinued operations — (0.01) — — (0.01)
Net earnings 0.80 0.41 1.28 1.18 3.65
Diluted net earnings per share:
Earnings from continuing operations 0.78 0.41 1.25 1.15 3.58
Losses from discontinued operations — (0.01) — — (0.01)
Net earnings 0.78 0.40 1.25 1.15 3.57
Dividends paid per share 0.43 0.43 0.43 0.43 1.72
Stock price:
High 53.81 49.20 51.90 55.84 55.84
Low 43.85 40.69 41.65 48.49 40.69
Fiscal 2011 — Quarters Ended
(in millions, except per share data)
Aug. 29 Nov. 28 Feb. 27 May 29 Total
Sales $1,806.7 $1,726.2 $1,976.8 $1,990.4 $7,500.2
Earnings before income taxes 159.1 103.2 199.1 186.2 647.6
Earnings from continuing operations 113.3 75.8 151.7 138.0 478.7
Losses from discontinued operations, net of tax (0.2) (1.3) (0.5) (0.6) (2.4)
Net earnings 113.1 74.5 151.2 137.4 476.3
Basic net earnings per share:
Earnings from continuing operations 0.82 0.55 1.11 1.02 3.50
Losses from discontinued operations — (0.01) — — (0.02)
Net earnings 0.82 0.54 1.11 1.02 3.48
Diluted net earnings per share:
Earnings from continuing operations 0.80 0.54 1.08 1.00 3.41
Losses from discontinued operations — (0.01) — (0.01) (0.02)
Net earnings 0.80 0.53 1.08 0.99 3.39
Dividends paid per share 0.32 0.32 0.32 0.32 1.28
Stock price:
High 45.04 49.99 50.84 52.12 52.12
Low 37.08 41.03 45.07 45.51 37.08