Darden Restaurants Inc to Acquire Ruth's Hospitality Group Inc Call Transcript

Jan 22, 2024

May 04, 2023 / 12:30PM GMT
Operator

Thank you for standing by. Welcome to the Darden Restaurants and Ruth's Chris Hospitality Group Conference Call. (Operator Instructions) Please note, today's conference is being recorded. If you have any objections, please disconnect at this time.

I will now turn the call over to Kevin Kalicak. You may begin.

Kevin Kalicak - Darden Restaurants, Inc. - VP of IR & Corporate Analysis

Thank you, Brit. Good morning, everyone, and thank you for participating on today's call. With me today are Rick Cardenas, Darden's President and CEO; Raj Vennam, CFO; and Cheryl Henry, Ruth's President, CEO and Chairperson. We appreciate you joining us during what is a busy earnings season for all of you.

Yesterday, we announced that Darden Restaurants would initiate a tender offer to purchase Ruth's for $21.50 per share. Following our prepared remarks and presentation, we will open up the call for a brief Q&A session, where we will only take questions related to this transaction.

During the course of this call and presentation, comments made will

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