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) operates one of North America's largest full-service restaurant portfolios, including Olive Garden and LongHorn Steakhouse. This news hub provides investors and industry observers with official updates on corporate strategy, financial performance, and brand developments.
Access timely announcements including quarterly earnings reports, leadership changes, and operational initiatives. Our curated collection features press releases about menu innovations, sustainability efforts, and market expansion plans across Darden's family of brands.
Key updates cover strategic acquisitions, restaurant openings, and corporate governance matters. Track the company's progress in maintaining operational excellence while adapting to evolving consumer preferences in casual and fine dining segments.
Bookmark this page for verified information directly from Darden Restaurants and trusted financial sources. Check regularly for updates on dividend declarations, supply chain initiatives, and other material developments affecting DRI's market position.
Darden Restaurants (NYSE:DRI) reported a significant financial performance for Q3 2023, with total sales rising by 13.8% to $2.8 billion. This surge was fueled by an 11.7% increase in same-restaurant sales and the addition of 35 new restaurants. Diluted net earnings per share soared 21.2% to $2.34, marking a strong quarter across its divisions, including Olive Garden and LongHorn Steakhouse. Additionally, a dividend of $1.21 per share was declared, payable on May 1, 2023. Looking ahead, the company anticipates full-year sales between $10.45 and $10.5 billion, with same-restaurant sales growth projected at 6.5% to 7%.
Darden Restaurants, Inc. (NYSE:DRI) will announce its fiscal 2023 third quarter financial results before market opens on March 23, 2023. A conference call featuring CEO Rick Cardenas and senior management will commence at 8:30 am ET to discuss the results and engage in a Q&A session. For those unable to attend live, a replay will be accessible shortly after the call.
Darden's portfolio includes popular brands such as Olive Garden, LongHorn Steakhouse, and Cheddar's Scratch Kitchen. More information is available on their official website.
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