Darden Offers Statement Related to Starboard's Operational Plan, Will Review, Recommends Holders Vote for All Its Nominees


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Darden Restaurants, Inc. (NYSE: DRI) today commented on the operational plan proposed by Starboard Value L.P.and its affiliates ("Starboard")."We remain open minded toward all ideas that support long-term value creationfor our shareholders and improve the dining experience for our guests," saidGene Lee, President and Chief Operating Officer of Darden.  "While we willcarefully and thoughtfully review Starboard's plan, which has been promised byStarboard for some time, upon initial review, we believe many of the brand andcost optimization strategies are already being implemented across our companyand are showing results." Mr. Lee continued, "The Olive Garden Brand Renaissance is well underway, andthe improvements we are seeing in guest satisfaction and traffic trendsreinforce our confidence in Olive Garden's potential.  In addition, ourefforts to grow and develop LongHorn Steakhouse and our Specialty Restaurantsare on track. As we evaluate the Starboard plan, we will work to continuemaking strong progress across our brands for the benefit of all Dardenstakeholders, including our employees."    Olive Garden® Brand Renaissance First Quarter Fiscal 2015 HighlightsOver the past year, Darden has been implementing far-reaching improvements forall elements of the Olive Garden business to reignite traffic growth andsupport margin expansion.  Key initiatives have included enhancing culinaryoperations and service, introducing a core menu innovation, pursuing a newapproach to advertising and promotions, and launching a re-imaging program. The Olive Garden Brand Renaissance is beginning to deliver positive resultsand reinforces the Company's confidence in the brand's ongoing development. o Guest experience and satisfaction scores are improving across the system, including Overall, Attentiveness, Pace of Meal and Food Taste, as a result of an intensified focus on service and food quality. Darden expects these to translate into higher traffic trends over time. o Online ordering, including a redesigned web experience and the national launch of an online To-Go platform, is underway and strengthening the take-out business. In the first quarter of fiscal 2015, Darden achieved a 13% increase in Olive Garden's take-out business compared to the first quarter last year. Notably, check averages from online orders are significantly higher than those placed on the phone, which represents a margin growth driver should these trends continue. o Testing of tablet technology in several restaurants is underway and has generated encouraging results, including check growth due to an increase in add-on sales, increased table turns, a 60% pay-at-the-table rate and increased guest survey response rates, as well as an increase in tip percentage for servers. o Initial sales results from a pilot remodel program are encouraging. The Company has completed three remodels that reflect significant interior and exterior changes. This has resulted in a more than 10% increase in traffic on average in the remodeled restaurants as guests respond enthusiastically to the changes.Darden Board Recommends Shareholders Vote on BLUE CardDarden recommends that shareholders vote ONLY on the BLUE proxy card "FOR ALL"of Darden's highly qualified, experienced and independent director nominees: Michael W. Barnes, Gregory L. Burns, Jeffrey H. Fox, Christopher J. Fraleigh,Stephen Odland, Michael D. Rose, Maria A. Sastre and Enrique Silva. Shareholders may vote by mail, phone or internet following the instructions onthe BLUE proxy card. CAUTION: Any vote on the white card is a vote for Starboard's control slate asit could revoke any previous proxy you submitted using the BLUE proxy card.Only your latest‐dated proxy counts. We urge shareholders – DO NOT SIGN ORRETURN ANY WHITE CARD. SIMPLY DISCARD IT.Innisfree M&A Incorporated is serving as the Company's proxy solicitor and canbe contacted toll-free at (877) 825-8631.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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