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DARDEN RESTAURANTS, INC. | 2015 ANNUAL REPORT 5
2015 Financial Highlights
FISCAL YEAR ENDED
(In Millions, Except Per Share Amounts) May 31, 2015 May 25, 2014 May 26, 2013
Sales from Continuing Operations $ 6,764.0 $ 6,285.6 $ 5,921.0
Earnings from Continuing Operations $ 196.4 $ 183.2 $ 237.3
Earnings from Discontinued Operations, net of tax $ 513.1 $ 103.0 $ 174.6
Net Earnings $ 709.5 $ 286.2 $ 411.9
Basic Net Earnings Per Share: $ 5.56 $ 2.18 $ 3.19
Earnings from Continuing Operations $ 1.54 $ 1.40 $ 1.84
Earnings from Discontinued Operations $ 4.02 $ 0.78 $ 1.35
Diluted Net Earnings Per Share: $ 5.47 $ 2.15 $ 3.13
Earnings from Continuing Operations $ 1.51 $ 1.38 $ 1.80
Earnings from Discontinued Operations $ 3.96 $ 0.77 $ 1.33
Dividends Paid Per Share $ 2.20 $ 2.20 $ 2.00
Average Shares Outstanding:
Basic 127.7 131.0 129.0
Diluted 129.7 133.2 131.6
• LongHorn’s total sales were $1.54 billion, up 11.6 percent from
scal 2014. This reected average annual sales per restaurant
of $3.2 million, the addition of 16 net new restaurants and a
U.S. same-restaurant sales increase of 4.4 percent.
• We continued to build on solid performance at our Specialty
Restaurants, where total sales were $1.42 billion, a 14.8 percent
increase from scal 2014. Total sales increased 11.0 percent at
The Capital Grille to $403 million, based on same-restaurant
sales growth of 4.8 percent. Total sales increased 23.6 percent
at Eddie V’s to $97 million, based on same-restaurant sales
growth of 5.4 percent and the addition of one new restaurant.
Total sales increased 18.8 percent at Yard House to $470 million,
based on same-restaurant sales growth of 3.8 percent and
the addition of seven new restaurants. Total sales increased
21.5 percent at Seasons 52 to $239 million, based on same-
restaurant sales growth of 2.3 percent and the addition of ve
new restaurants. Total sales increased 3.8 percent for Bahama
Breeze to $209 million, based on same-restaurant sales growth
of 1.8 percent.
• We identied more than $100 million of annualized cost
savings, which will not impact the guest experience, to be
achieved by scal 2017. We recognized $35 million of the
identied cost savings in scal 2015. This brought our selling,
general and administrative (SG&A) expense as a percent of
With more than 100 items made from scratch daily, Yard
House has become a modern American gathering place
where food and beer lovers unite.