Darden Restaurants Inc Stock Price, News & Analysis

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.

Darden Restaurants, Inc. (NYSE:DRI) reported a 9.4% increase in total sales for Q2 2023, reaching $2.49 billion, with same-restaurant sales growth of 7.3%. Noteworthy performance was seen in Olive Garden (7.6%) and LongHorn Steakhouse (7.3%). Diluted net earnings per share rose 2.7% to $1.52. The company announced a dividend of $1.21 per share and repurchased $100 million of its common stock. Darden updated its fiscal 2023 outlook, estimating total sales between $10.3 to $10.45 billion and same-restaurant sales growth of 5% to 6.5%.

Darden Restaurants, Inc. (NYSE: DRI) is set to release its fiscal 2023 second quarter financial results on December 16, 2022, before market openings. Following the report, CEO Rick Cardenas and senior management will host a conference call at 8:30 am ET, allowing for a question-and-answer session. Those unable to attend live can access a replay afterward. Darden's diverse portfolio includes brands such as Olive Garden and LongHorn Steakhouse. For further details, visit www.darden.com.

Darden Restaurants, Inc. (NYSE:DRI) reported a 6.1% increase in total sales to $2.4 billion for Q1 2023. This growth was supported by a 4.2% same-restaurant sales increase and contributions from 34 new restaurants. However, diluted net earnings per share fell to $1.56 from $1.76 year-over-year. The company announced a quarterly cash dividend of $1.21 per share and plans to open 55-60 new restaurants with a financial outlook reaffirmed for total sales between $10.2 to $10.4 billion.

Darden Restaurants (NYSE: DRI) will announce its fiscal 2023 first quarter financial results before market opening on September 22, 2022. CEO Rick Cardenas and senior management will lead a conference call at 8:30 am ET to discuss the earnings and engage in a Q&A session. A replay will be available for those unable to attend live. Darden operates multiple restaurant brands including Olive Garden and LongHorn Steakhouse.

Darden Restaurants, Inc. (NYSE:DRI) reported a strong fourth quarter and fiscal year 2022. Total sales rose 14.2% to $2.60 billion, driven by an 11.7% increase in same-restaurant sales and the opening of 33 new locations. Fiscal 2022 sales increased 33.8% to $9.63 billion, with diluted earnings per share reported at $7.40, up from $4.80 last year. The company authorized a new share repurchase program worth up to $1 billion and declared a quarterly cash dividend of $1.21 per share. For fiscal 2023, Darden expects total sales of $10.2 to $10.4 billion with EPS guidance of $7.40 to $8.00.