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.
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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%.
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.
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