What does fine dining — asset impairment charges mean?

A charge taken when the value of physical restaurant assets is reduced because they are no longer expected to generate sufficient future profit.

How do you interpret fine dining — asset impairment charges?

An increase signals that specific restaurant locations are underperforming or that the company is rationalizing its physical footprint.

How does fine dining — asset impairment charges compare across companies?

Often categorized as 'Asset Impairment' or 'Impairment of Long-Lived Assets' in segment notes for multi-unit operators.

Darden Restaurants DRI Fine Dining — Asset Impairment Charges

Discontinued — last reported Q4 '18

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Other financials

Income statement

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Revenue$3.3B+5.9%

Operating income$406.4M-2.8%

Net income$306.8M-5.1%

EPS (diluted)$2.65-3.3%

Balance sheet

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Cash & equivalents$240.4M+7.2%

Total debt$8.1B+3.7%

Total equity$2.1B-4.5%

Total assets$12.9B+2.6%

Cash flow

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Operating cash flow$617.8M+5.0%

CapEx$165.9M+4.9%

Free cash flow$451.9M+5.1%

Valuation

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Market cap$24.45B+4.9%

Enterprise value$32.33B+4.5%

P/E22.1×0.0×

P/S1.9×-0.1×

Profitability

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Operating margin11.4%-0.3pp

Net margin8.7%-0.3pp

FCF margin8%-1.0pp

Returns & leverage

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Return on equity51.3%+3.3pp

Debt / equity3.9×+0.3×

Current ratio0.4×0.0×

Where this comes from

Reported directly by Darden Restaurants in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Darden Restaurants’s 10-K, filed July 20, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does fine dining — asset impairment charges mean?: A charge taken when the value of physical restaurant assets is reduced because they are no longer expected to generate sufficient future profit.
How do you interpret fine dining — asset impairment charges?: An increase signals that specific restaurant locations are underperforming or that the company is rationalizing its physical footprint.
How does fine dining — asset impairment charges compare across companies?: Often categorized as 'Asset Impairment' or 'Impairment of Long-Lived Assets' in segment notes for multi-unit operators.