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) 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.
Darden Restaurants, Inc. (NYSE: DRI) will announce its fiscal 2022 fourth quarter financial results before market opening on June 23, 2022. A conference call, featuring CEO Rick Cardenas and senior management, will follow at 8:30 am ET to discuss the results and answer questions. A replay will be available for those unable to attend the live event. Darden's diverse brand portfolio includes popular names such as Olive Garden and LongHorn Steakhouse.
Darden Restaurants, Inc. (NYSE:DRI) reported a significant increase in third-quarter sales, totaling $2.45 billion, up 41.3% from last year. Same-restaurant sales increased by 38.1%, driven by the addition of 33 new restaurants. Net earnings from continuing operations reached $247 million, and diluted EPS rose to $1.93. The board declared a cash dividend of $1.10 per share, payable on May 2, 2022. The company updated its fiscal 2022 outlook, projecting total sales of approximately $9.55 to $9.62 billion, and expects diluted EPS in the range of $7.30 to $7.45.
Darden Restaurants (NYSE: DRI) has appointed Juliana Chugg to its Board of Directors, expanding the Board from eight to nine members. Chugg brings a wealth of experience from her previous role as Chief Brand Officer at Mattel, where she managed brands generating $6 billion in revenue. She also held leadership positions at General Mills. Darden's Chairman, Gene Lee, expressed confidence in her ability to contribute to the company's growth and brand loyalty.
Darden Restaurants, Inc. (NYSE:DRI) will announce its fiscal 2022 third-quarter financial results on March 24, 2022, before the market opens. The announcement will be followed by a conference call at 8:30 am ET, featuring CEO Gene Lee and senior management. A live broadcast will be available online, along with a replay for those unable to attend live.
Darden Restaurants, Inc. (NYSE: DRI) announced the retirement of CEO Eugene Lee, effective May 29, 2022. He will transition to Executive Chairman. The Board has appointed Ricardo Cardenas, currently President and COO, as the new CEO starting May 30, 2022. Under Lee's leadership, Darden's revenue grew by over $2 billion, and market capitalization increased to nearly $20 billion. Cardenas, who has a history with the company since 1984, expresses gratitude for the opportunity and is committed to driving growth and shareholder value.
Darden Restaurants, Inc. (NYSE:DRI) reported strong financial results for Q2 of fiscal 2022, with total sales rising by 37% to $2.27 billion. Same-restaurant sales increased by 34.4%, with notable growth across segments: Fine Dining (61.6%) and LongHorn Steakhouse (31.2%). Diluted net earnings per share rose to $1.48, up from $0.74 the previous year. The company also announced a quarterly dividend of $1.10 per share and allocated $266 million for share repurchases. For fiscal 2022, Darden anticipates total sales of approximately $9.55 to $9.70 billion.
Darden Restaurants, Inc. (NYSE: DRI) will announce its fiscal 2022 second quarter financial results before the market opens on December 17, 2021. A conference call hosted by CEO Gene Lee and senior management will take place at 8:30 am ET to discuss the results and answer questions. A replay will be accessible post-call. Darden's portfolio includes popular brands like Olive Garden and LongHorn Steakhouse.
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