Welcome to our dedicated page for Darden Restaurants news (Ticker: DRI), a resource for investors and traders seeking the latest updates and insights on Darden Restaurants stock.
Darden Restaurants, Inc. (NYSE: DRI) is a multi-brand, full-service restaurant company whose news flow centers on financial performance, portfolio development and capital allocation. Public announcements frequently cover quarterly and annual results, with detailed disclosures on total sales, blended same-restaurant sales by segment, segment profit, and the number of company-owned restaurants across its brands.
Investors following DRI news can expect regular earnings releases for each fiscal quarter and year. These updates highlight performance at Olive Garden, LongHorn Steakhouse, Fine Dining and Other Business segments, including the impact of acquisitions such as Chuy's Tex Mex restaurants and net new restaurant openings. Darden also uses these releases to update its fiscal outlook, providing guidance ranges for total sales growth, same-restaurant sales growth, new restaurant openings, capital spending, inflation assumptions, effective tax rate and adjusted diluted net earnings per share from continuing operations.
Darden’s news also includes dividend declarations and share repurchase activity. The company regularly announces quarterly cash dividends on its common stock and reports the number of shares repurchased and remaining authorization under its share repurchase program. These items provide insight into how management allocates capital between growth investments and returns to shareholders.
Additional news items may cover strategic initiatives and partnerships affecting its brands. For example, Darden has announced a pilot of on-demand delivery at Cheddar's Scratch Kitchen using Uber Direct, building on an earlier rollout at Olive Garden. Such releases describe how specific brands test new service models within the broader portfolio.
Corporate governance and executive compensation developments also appear in Darden’s news and related SEC filings. These can include results of the annual meeting of shareholders, advisory votes on executive compensation, ratification of the independent registered public accounting firm, and special performance-based equity awards for senior executives.
For a consolidated view of these updates, the DRI news page aggregates press releases and related information so readers can track earnings, outlook changes, dividends, repurchases, brand-level initiatives and governance actions over time.
Darden Restaurants (NYSE: DRI) reported its Q4 and fiscal 2024 results, highlighting a 6.8% increase in Q4 sales to $3.0 billion, attributed to new restaurant openings including 80 Ruth's Chris Steak House locations. Same-restaurant sales were flat overall, with Olive Garden down 1.5% and LongHorn Steakhouse up 4.0%. Adjusted diluted EPS for Q4 rose to $2.65. Fiscal 2024 saw an 8.6% rise in total sales to $11.4 billion and an adjusted diluted EPS of $8.88, up 11.0%. Darden also declared a 6.9% increase in its quarterly dividend to $1.40 per share and announced a fiscal 2025 sales outlook between $11.8 to $11.9 billion with an EPS range of $9.40 to $9.60.
Darden Restaurants (NYSE: DRI) will release its fiscal 2024 fourth quarter financial results on June 20, 2024, before the market opens.
The company will host a conference call at 8:30 am ET on the same day with CEO Rick Cardenas and other senior management to discuss the results and engage in a Q&A session.
The conference call can be accessed live via the Internet or by dialing 877-407-9219. A replay will be available shortly after the call.
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