Red Lobster 2016 Annual Report Download - page 59

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DARDEN
DARDEN RESTAURANTS, INC. • 2016 ANNUAL REPORT 55
NOTE 19
QUARTERLY DATA (UNAUDITED)
The following table summarizes unaudited quarterly data for fiscal 2016 and fiscal 2015:
Fiscal 2016 – Quarters Ended
(in millions, except per share data) Aug. 30 Nov. 29 Feb. 28 May 29 Total
Sales $1,687.0 $1,608.8 $1,847.5 $1,790.2 $6,933.5
Earnings before income taxes 111.8 24.4 138.1 175.4 449.7
Earnings from continuing operations 81.0 30.1 108.2 140.4 359.7
Earnings (loss) from discontinued operations, net of tax 5.4 13.1 (2.4) (0.8) 15.3
Net earnings 86.4 43.2 105.8 139.6 375.0
Basic net earnings per share:
Earnings from continuing operations 0.64 0.23 0.85 1.11 2.82
Earnings (loss) from discontinued operations 0.04 0.11 (0.02) (0.01) 0.12
Net earnings 0.68 0.34 0.83 1.10 2.94
Diluted net earnings per share:
Earnings from continuing operations 0.63 0.23 0.84 1.10 2.78
Earnings (loss) from discontinued operations 0.04 0.10 (0.02) (0.01) 0.12
Net earnings 0.67 0.33 0.82 1.09 2.90
Dividends paid per share 0.55 0.55 0.50 0.50 2.10
Stock price:
High 75.60 72.11 64.90 68.62 75.60
Low 63.68 53.38 55.01 61.90 53.38
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
Earnings (loss) before income taxes (43.7) (54.6) 147.1 126.5 175.3
Earnings (loss) from continuing operations (19.3) (30.8) 128.4 118.1 196.4
Earnings (loss) from discontinued operations, net of tax 522.5 (2.0) 5.4 (12.8) 513.1
Net earnings (loss) 503.2 (32.8) 133.8 105.3 709.5
Basic net earnings per share:
Earnings (loss) from continuing operations (0.14) (0.24) 1.03 0.94 1.54
Earnings (loss) from discontinued operations 3.95 (0.02) 0.04 (0.11) 4.02
Net earnings (loss) 3.81 (0.26) 1.07 0.83 5.56
Diluted net earnings per share:
Earnings (loss) from continuing operations (0.14) (0.24) 1.01 0.92 1.51
Earnings (loss) from discontinued operations 3.95 (0.02) 0.04 (0.10) 3.96
Net earnings (loss) 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
(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 29, 2016, consisted of 52 weeks.