1. Darden is spending heavily to upgrade the interior of many of its Red Lobster and LongHorn Steakhouse restaurants. How would you suggest that the company measure the financial results of this remodeling program?
2. Why would Darden issue corporate bonds that mature in 5, 10, and 20 years?
3. If Darden needs cash to remodel existing restaurants and open new restaurants, as well as to pay down debt, why would it increase its stock dividend?