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Darden Restaurant Case Study

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Final 5 Upon reading one will gain a better understanding of the food service powerhouse Darden Restaurants, Inc.. We will explore Darden Restaurant’s history, the products and services they offer, along with the company’s business locations. Darden’s competitors will be listed, along with a few traits that distinguish them from others, and their target market will be addressed. Darden Restaurant’s financial information will be examined. The balance sheet, income statement, statement of stockholders’ equity, and statement of cash flows will be explained, along with the financial ratios that derive from these statements. Even though food costs are high, profit margins are low, and there are many areas for opportunity, Darden Restaurants, Inc. remain financially successful.
History of Darden Restaurants Darden Restaurants, Inc. has grown over the last fifty years to become a leading casual and fine dining powerhouse. They began in 1968 as Red Lobster Inns of America, Inc. and was later purchased by General Mills, Inc. in 1970. Darden Restaurants, Inc. no longer own Red Lobster, but currently control eight casual eateries. The eight restaurant brands Darden currently own are Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V,s, and the most recent acquisition of Cheddar’s Scratch Kitchen. All of these establishments offer their own niche and personalized menu (SEC, 2017). Olive Garden is the largest casual Italian eatery,

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