Summary: Darden Restaurants Inc. - S&P Global Ratings’ Credit Research

Summary: Darden Restaurants Inc.

Summary: Darden Restaurants Inc. - S&P Global Ratings’ Credit Research
Summary: Darden Restaurants Inc.
Published May 24, 2018
10 pages (2976 words) — Published May 24, 2018
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Leading market position in the restaurant industry across a portfolio of diverse and well-recognized brands; Growing track record of stable and industry-leading operating performance; and Highly competitive restaurant industry dynamics, characterized by changing consumer tastes and volatile input costs. Moderate financial policy, which supports consistent credit metrics, including debt to EBITDA in the low– to mid-2x area; and Consistent and solid cash flow generation. S&P Global Ratings' stable rating outlook on Darden Restaurants Inc. reflects our expectation that the company's overall operating performance will remain good for the remainder of fiscal 2018 and in fiscal 2019 (ends May 31), because consistent solid performance at key brands, particularly Olive Garden, will more than offset the negative trend at its Cheddar brand

  
Brief Excerpt:

...Business Risk: Satisfactory Financial Risk: Intermediate + Leading market position in the restaurant industry across a portfolio of diverse and well-recognized brands; + Growing track record of stable and industry-leading operating performance; and + Highly competitive restaurant industry dynamics, characterized by changing consumer tastes and volatile input costs. + Moderate financial policy, which supports consistent credit metrics, including debt to EBITDA in the low¡ to mid-2x area; and + Consistent and solid cash flow generation....

  
Report Type:

Summary

Ticker
Issuer
GICS
Restaurants (25301040)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Darden Restaurants Inc." May 24, 2018. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Darden-Restaurants-Inc-2044544>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Darden Restaurants Inc. May 24, 2018. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Darden-Restaurants-Inc-2044544>
  
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