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MANAGING the FUTUREDARDEN RESTAURANTS INC

Hudson. 2000 Restaurant Industry Forecast. 1999. As posted on http://www.restaurant.org. Retrieved September 15, 2000. Hitt, Michael A., Ireland, R Duane, & Hoskisson, Robert E. Strategic Management: Competitiveness and Globalization. Concepts. 4th edition. Southwestern Publishing, 2001.Johnson, Patricia M. & Outcalt, Richard F. Copyright 2000. Target Marketing: One Size Doesnt Fit All!. As posted on http://outcaltjohnson.com. Retrieved September 15, 2000.Ninemeier, Jack D. Management of food and beverage operations. 3rd edition. Lansing, Michigan: Educational Institute 2000.Vest, Marshall J. April 13, 1999. Arizona Retirement Community Helps State Economy,. As posted on http://freedom.gogrrl.com. Retrieved September 15, 2000.Unknown Author. Food Services Competition in the 1990s. First published in the 4th Quarter Report of Services Indicators. As posted on www.statcan.ca/start.html. Retrieved September 15, 2000.http://www.bahamabreeze.comhttp://www.darden.comhttp://www.dowjones.comhttp://www.hoovers.comhttp://www.olivegarden.comhttp://www.redlobster.comhttp://www.sec.gov Appendix 1: Dardens Financial Statements*All dollar amounts in millions except per share amounts.Fiscal Year-End: MayIncome StatementMay-99May-98May-97May-96Revenue3458.1 3287.0 3171.8 3191.8 Cost of Goods Sold2870.2 2754.7 2712.9 2607.7 Gross Profit587.9 532.3 458.9 584.1 SG&A Expense360.9 358.5 361.3 373.9 Operating Income227.0 173.8 97.6 210.2 Nonoperating Income0.0 0.4 0.0 0.0 Nonoperating Expenses19.5 20.5 22.3 21.4 Income Before Taxes215.8 153.7 (154.5)113.8 Income Taxes75.3 52.0 (63.5)39.4 Net Income After Taxes140.5 101.7 (91.0)74.4 Total Net Income140.5 101.7 (91.0)74.4 Dividends per Share0.08 0.08 0.08 0.04 Balance SheetMay 99May 98May 97May 96Cash41.0 33.5 25.5 30.3 Net Receivables20.3 27.3 16.3 24.8 Inventories144.1 182.4 132.2 120.7 Other Current Assets122.5 154.3 163.3 112.1 Total Current Assets327.7 397.5 337.4 288.0 Net Fixed Assets1473...

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