Operates Olive Garden and Longhouse Steakhouse chains.
1000 Darden Center Drive
Orlando, FL 32837
CEO: Eugene Lee
Stock Symbol: DRI
Darden Restaurants operates some of the best known restaurant chains in the country including Olive Garden, Longhouse Steakhouse, Bahama Breeze, The Capital Grille and Yard House. Olive Garden is the nation's largest casual restaurant serving Italian food.
In 2014, Darden sold the Red Lobster chain for $2.1 billion to Golden Gate Capital.
Darden has 1,536 restaurants in the USA and Canada. These include 843 Olive Garden restaurants, 481 Longhorn Steakhouse locations, 37 Bahama Breeze restaurants, 54 Capital Grille restaurants, 16 Eddie V's restaurants, 65 Yard House restaurants and 40 Seasons 52 locations.
For fiscal 2016, Darden had total sales of $6.93 billion, a 2.9% increase from the previous year, and net earnings of $412.6 million.
The company expects to open approximately 80 net new restaurants in fiscal 2014.
The first Red Lobster opened in 1968 in
Lakeland, FL as a "Harbor for Seafood Lovers" and was
founded by Bill Darden who preached great service and quality
seafood. A 19-year old Joe Lee would help Darden run the restaurants
and would become President of Red Lobster as the company expanded
in the Southeast. Red Lobster would become the nation's leading
Darden Restaurants was spun off from General
Mills in 1995 and included Olive Garden, which opened its first
restaurant in Orlando on Dec. 13, 1982. Olive Garden was developed
by General Mills Restaurants.
In 2011, Darden purchased Eddie V's Prime Seafood and Wildfish Seafood Grille restaurant brands for $59 million.
In August 2012, Darden purchased Yard House USA for $585 million, a chain with 40 restaurants in 13 states.
Here are some of the benefits provided
to restaurant workers by Darden.
Day one medical coverage with just a $100 deductible and a dental
plan with a $50 deductible and you can use any Doctor, Dentist
or Hospital you want. For a little extra money you can purchase
short-term disability insurance, which provides weekly benefits
for up to 6 months. You can also sign up for $20,000 in term
life insurance and $20,000 in Accidental Death & Dismemberment
Discounts: The Dining Discount program lets you and up to seven friends enjoy a discount of 25% at any Darden Restaurant. And when you're working, eat in the restaurant before or after your shift or during your break at 50 percent off.
Eye Care: You can see for yourself with discounts on eye exams, lenses, frames and contact lenses, which are available through our vision plan.
Get low interest educational loans for you and your family through
our ConSern Student Loan Program.
One week of paid vacation; two weeks after 3 years and three
weeks after 7 years.
Retirement: You can start saving for tomorrow immediately with the Day One Darden 401k savings plan. After one year of employment and 1,000 work hours, the company will match up to 6% of your contributions.
Updated August 31, 2016