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Darden's Profits Up for Third Straight Year

ORLANDO-The world's largest casual seafood restaurant company posted fiscal 2001 net earnings of $197 million or $1.59 per diluted share on sales of $4.02 billion versus $173 million or $1.30 per diluted share on revenue of $3.7 billion in fiscal 2000. Net earnings were up 13.8%.

By Alex Finkelstein | Updated on August 20, 2001

ORLANDO-If the seafood industry doubts its product is being consumed by Americans, it need only review the latest financials from locally based Darden Restaurants Inc., which is operating 1,168 company-owned locations in the United States and Canada and 34 licensed restaurants in Japan.

The company contends it is the world’s largest casual seafood restaurant company and has the numbers to back up that claim.

In an Aug. 16, 10-K filing with the Securities and Exchange Commission, Darden reports fiscal 2001 net earnings of $197 million or $1.59 per diluted share ($1.64 basic share) on sales of $4.02 billion versus $173,1 million or $1.31 per diluted share ($1.35 basic share) on revenue of $3.7 billion in fiscal 2000.

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