In last year's fiscal third quarter, Darden's earnings after tax were $49.5 million or 40 cents per diluted share on sales of $988.6 million. The company's quarter ended Feb. 24.
At the same time the company was announcing third-quarter results, Darden directors also approved a three-for-two stock split in the form of a 50% stock dividend to holders of record on April 10 and payable May 1. Cash will be paid in lieu of fractional shares.
The company's common on the New York Stock Exchange closed March 22 at $37.82 per share, down 34 cents from $38.16 on March 21. Darden's 52-week high-low is $44.65 and $22.85. The company has 117 million shares outstanding.
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