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.
Darden Restaurants reported a substantial 51% increase in total sales, reaching $2.31 billion for Q1 2022, driven by a 47.5% rise in same-restaurant sales and the addition of 34 new restaurants. Notably, net earnings from continuing operations hit $232 million, with diluted EPS soaring to $1.76 compared to $0.28 last year. Darden’s Board declared a quarterly dividend of $1.10 per share, payable November 1, 2021. The company raised its fiscal 2022 outlook, predicting total sales of $9.4 to $9.6 billion and diluted EPS of $7.25 to $7.60.
Darden Restaurants, Inc. (NYSE: DRI) will release its fiscal 2022 first quarter financial results on September 23, 2021, before the market opens. A conference call is scheduled for 8:30 am ET, featuring Gene Lee, CEO, along with other senior management members who will discuss the results and answer questions. The call can be accessed live online, or via telephone at 1-800-263-0877 using the passcode 2874518. For those unable to attend live, a replay will be available after the call.
Darden Restaurants reported a strong fourth quarter for fiscal 2021, with total sales rising 79.5% to $2.28 billion. The increase was fueled by a 90.4% rise in same-restaurant sales and 30 new locations. Diluted net earnings per share reached $2.79, recovering from a net loss of $3.85 last year. However, annual sales declined 7.8% to $7.20 billion. For fiscal 2022, Darden expects total sales of $9.2 to $9.5 billion, anticipating a 25% to 29% rise in same-restaurant sales. A quarterly dividend of $1.10 was declared, marking a 25% increase.
Darden Restaurants, Inc. (NYSE:DRI) will release its fiscal 2021 fourth quarter financial results before the market opens on June 24, 2021. A conference call will follow at 8:30 am ET, where CEO Gene Lee and senior management will discuss the results and conduct a Q&A session. For those unable to attend live, a replay will be available shortly after. Investors can access the call online or dial 1-833-470-0145 using the passcode 2283499. Darden operates brands like Olive Garden and LongHorn Steakhouse.
Darden Restaurants, Inc. (NYSE: DRI) reported Q3 fiscal 2021 financial results, with total sales of $1.73 billion, a 26.1% decrease year-over-year. Same-restaurant sales fell by 26.7%, driven by declines across all segments, particularly Fine Dining at (44.6)%. Diluted EPS from continuing operations was $0.98, down from $1.90 last year, while EBITDA stood at $236 million. Darden declared a quarterly cash dividend of $0.88 per share and authorized a new $500 million share repurchase program. Outlook for Q4 includes projected sales of $2.1 billion and EPS of $1.60-$1.70.
Darden Restaurants, Inc. (NYSE: DRI) is set to release its fiscal 2021 third quarter financial results on March 25, 2021, before the market opens. A conference call will follow at 8:30 am ET, featuring CEO Gene Lee and senior management discussing the results and addressing questions. Investors can listen to the call live via the provided link or dial in at 1-833-470-0145 using passcode 2954259.
For further details about Darden and its brand portfolio, visit www.darden.com.
Darden Restaurants has announced a leadership transition, with CEO Eugene I. Lee, Jr. elected as Chairman of the Board effective January 4, 2021. He succeeds Charles M. Sonsteby, who will serve as Lead Independent Director. This move aims to enhance execution of the company's long-term strategy amidst industry changes. Additionally, Ricardo Cardenas has been appointed President and COO, while Rajesh Vennam becomes CFO, recognizing their contributions and broadening their responsibilities.
Darden Restaurants (NYSE:DRI) reported a 19.4% decline in total sales to $1.66 billion for Q2 2021, primarily due to a 20.6% drop in same-restaurant sales. Segment performance revealed significant declines: Olive Garden down 19.0%, Fine Dining down 30.2%, and Other Business down 27.7%. However, diluted net earnings per share increased to $0.74 from $0.21 last year. The board declared a $0.37 quarterly cash dividend, with guidance indicating Q3 sales at 65%-70% of last year's figures. The company plans to open 35-40 new restaurants in FY 2021.
Darden Restaurants (NYSE: DRI) will announce its fiscal 2021 second quarter financial results on December 18, 2020, before market opening. A conference call with CEO Gene Lee and senior management will take place at 8:30 am ET, where they will discuss the results and answer questions. For those unable to attend live, a replay will be accessible shortly after the call. Darden operates notable brands such as Olive Garden and LongHorn Steakhouse. More details can be found on their official website.
Darden Restaurants (NYSE:DRI) reported Q1 2021 financial results, showing total sales of $1.53 billion, a 28.4% drop compared to the previous year, with same-restaurant sales decreasing 29.0%. Notable performance declines were seen across segments: Olive Garden at (28.2)%, Fine Dining at (39.1)%, and LongHorn Steakhouse at (18.1)%. The company posted diluted net earnings per share of $0.28, down from $1.38 last year. Darden reinstated a cash dividend of $0.30 per share, payable November 2, 2020.
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