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 reports recurring developments for a full-service restaurant portfolio that includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Chuy's, Seasons 52 and Eddie V's. Company updates commonly cover quarterly sales, same-restaurant sales, restaurant-level segment profit and results across Olive Garden, LongHorn Steakhouse, Fine Dining and Other Business.
DRI news also includes dividend declarations, share repurchases, fiscal outlook updates, conference-call scheduling and brand portfolio decisions. The company's releases frequently discuss food and beverage sales, labor and restaurant expenses, marketing costs, acquisition integration and changes in how segment profit is presented.
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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%.