Company profile

Future of Darden Restaurants

#
Rank
944
| Quantumrun Global 1000

Darden Restaurants, Inc. is a US multi-brand restaurant operator headquartered in Orlando. As of April 2017, the firm owns 8 casual dining restaurant chains: Bahama Breeze, Olive Garden, Eddie V's Prime Seafood, Yard House, LongHorn Steakhouse, Seasons 52, The Capital Grille and Cheddar's Scratch Kitchen (the latter having been acquired on April 24). Darden also owned Red Lobster until July 28, 2014. Darden has over 1,500 restaurant locations and has a workforce of over 150,000 people, making it the biggest full-service restaurant company in the globe.

Home Country:
Sector:
Industry:
Food Services
Founded:
1968
Global employee count:
150942
Domestic employee count:
148000
Number of domestic locations:
1600

Financial Health

Revenue:
$6933500000 USD
3y average revenue:
$6661033333 USD
Operating expenses:
$6311300000 USD
3y average expenses:
$6228133333 USD
Funds in reserve:
$274800000 USD
Market country
Revenue from country
1.00

Asset Performance

  1. Product/Service/Dept. name
    Olive garden
    Product/Service revenue
    3838600000
  2. Product/Service/Dept. name
    Longhorn steakhouse
    Product/Service revenue
    1587700000
  3. Product/Service/Dept. name
    Yard house
    Product/Service revenue
    507000000

Innovation assets and Pipeline

Total patents held:
1

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the hotels, restaurants and leisure sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, automation displacing ever larger numbers of workers from well paying jobs, growing economic and political instability across the globe, more frequent and destructive (climate change related) weather events, and increasingly realistic virtual reality travel software/games will represent downward pressures on the international travel and leisure sector as a whole over the coming two decades. However, there are countervailing trends that can play in this sector's favor.

*The cultural shift among Millennials and Gen Zs toward experiences over material goods will make travel, food, and leisure increasingly desirable consumption activities.

*The future growth of ride-sharing apps, like Uber, and the eventual introduction of all-electric and later supersonic commercial aircraft will decrease the cost of short and long-distance travel.

*Real-time translation apps and earbuds will make navigating in foreign countries and communicating with foreign speakers far less daunting, encouraging increased travel to less frequented destinations.

*The rapid modernization of developing countries will result in many new travel destinations becoming available to the global tourism and leisure market.

*Space tourism will become commonplace by the mid-2030s.

COMPANY’S FUTURE PROSPECTS

Company Headlines