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.
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.
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.