According to the SEC, Darden owned a non-operating consulting company in Atlanta, Georgia.
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The company sees non-GAAP operating margin for the quarter in the 36%-38% range.
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For Q2, the company expects non-IFRS operating margin for that segment to be at or below the Q1 level.
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Net losses (operating income less debt payments and non-cash charges such as depreciation) for the parent company were likely much greater than operating losses some years as the team was investing heavily in its regional sports channel, YES Network.
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For Q4, the company sees non-IFRS Devices and Services operating margin of -6%, given or take four percentage points.
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If a non-EU company (based outside the EU) is operating on the single market and targeting consumers in the EU then the EU rules apply to them, as will the sanctions for not abiding them.
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The company also expects non-IFRS (the equivalent of non-GAAP) operating margin to be below the previously expected range of 6%-9% for the quarter.
The implied premium for the operating assets of the company clearly is considerably greater when adjusted for the minority, non-controlled assets and cash.
The network products and services company announced its operating margin had fallen to 22.3% on a non-GAAP basis from 23.2% sequentially, 24.5% on a year-over-year basis.
The company said it has targeted organic growth of more than 5% and non-GAAP operating margins over better than 30%.
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