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DARDEN RESTAURANTS, INC. | 2015 ANNUAL REPORT 59
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DARDEN
NOTE 21
QUARTERLY DATA (UNAUDITED)
The following table summarizes unaudited quarterly data for fiscal 2015 and fiscal 2014:
Fiscal 2015 – Quarters Ended
(in millions, except per share data) Aug. 24 Nov. 23 Feb. 22 May 31 (1) Total (2)
Sales $1,595.8 $1,559.0 $1,730.9 $1,878.3 $6,764.0
(Loss) earnings before income taxes (43.7) (54.6) 147.1 126.5 175.3
(Loss) earnings from continuing operations (19.3) (30.8) 128.4 118.1 196.4
(Loss) earnings from discontinued operations, net of tax 522.5 (2.0) 5.4 (12.8) 513.1
Net (loss) earnings 503.2 (32.8) 133.8 105.3 709.5
Basic net earnings per share:
(Loss) earnings from continuing operations (0.14) (0.24) 1.03 0.94 1.54
(Loss) earnings from discontinued operations 3.95 (0.02) 0.04 (0.11) 4.02
Net (loss) earnings 3.81 (0.26) 1.07 0.83 5.56
Diluted net earnings per share:
(Loss) earnings from continuing operations (0.14) (0.24) 1.01 0.92 1.51
(Loss) earnings from discontinued operations 3.95 (0.02) 0.04 (0.10) 3.96
Net (loss) earnings 3.81 (0.26) 1.05 0.82 5.47
Dividends paid per share 0.55 0.55 0.55 0.55 2.20
Stock price:
High 51.21 56.85 62.65 70.38 70.38
Low 43.56 46.70 54.96 61.31 43.56
Fiscal 2014 – Quarters Ended
(in millions, except per share data) Aug. 25 Nov. 24 Feb. 23 May 25 Total
Sales $1,531.5 $1,485.6 $1,618.5 $1,650.1 $6,285.6
Earnings before income taxes 49.8 1.8 89.1 33.9 174.6
Earnings from continuing operations 42.2 6.0 86.6 48.4 183.2
Earnings from discontinued operations, net of tax 28.0 13.8 23.1 38.1 103.0
Net earnings 70.2 19.8 109.7 86.5 286.2
Basic net earnings per share:
Earnings from continuing operations 0.32 0.05 0.66 0.37 1.40
Earnings from discontinued operations 0.22 0.10 0.18 0.29 0.78
Net earnings 0.54 0.15 0.84 0.66 2.18
Diluted net earnings per share:
Earnings from continuing operations 0.32 0.05 0.65 0.36 1.38
Earnings from discontinued operations 0.21 0.10 0.17 0.29 0.77
Net earnings 0.53 0.15 0.82 0.65 2.15
Dividends paid per share 0.55 0.55 0.55 0.55 2.20
Stock price:
High 55.25 53.99 54.89 52.50 55.25
Low 46.62 44.78 47.05 47.83 44.78
(1) The quarter ended May 31, 2015 consisted of 14 weeks while all other quarters consisted of 13 weeks.
(2) The year ended May 31, 2015 consisted of 53 weeks while the year ended May 25, 2014 consisted of 52 weeks.