DRI

EX-99.1

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EX-99.1

Document

Exhibit 99.1

Darden Restaurants Reports Fiscal 2026 Fourth Quarter and Full Year Results;

Increases Quarterly Dividend;

Authorizes New $1.5 Billion Share Repurchase Program;

and Provides Fiscal 2027 Outlook

ORLANDO, Fla., June 25, 2026 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 31, 2026, which included a 53rd week of operations compared to 52 weeks last year.

Fourth Quarter 2026 Financial Highlights

•Total sales increased 13.7% to $3.72 billion driven by 7.6% in additional sales from an extra week of operations, a blended same-restaurant sales1 increase of 4.6%, and sales from 43 net new restaurants

•Same-restaurant sales:

Consolidated Darden1 4.6%

Olive Garden2.4%

LongHorn Steakhouse9.5%

Fine Dining1.9%

Other Business1 4.6%

•Reported diluted net earnings per share from continuing operations were $3.54

•Excluding $0.12 of costs primarily related to restaurant closures and associated impairments and the Chuy’s integration, adjusted diluted net earnings per share from continuing operations were $3.66, an increase of 22.8%2

•The extra week of operations contributed $0.25 to both reported and adjusted diluted net earnings per share from continuing operations

•The Company repurchased $138 million3 of its outstanding common stock

Fiscal 2026 Financial Highlights

•Total sales increased 9.4% to $13.21 billion driven by 2.1% in additional sales from an extra week of operations, a blended same-restaurant sales4 increase of 4.5%, and sales from 43 net new restaurants

•Same-restaurant sales:

Consolidated Darden4 4.5%

Olive Garden4.0%

LongHorn Steakhouse7.2%

Fine Dining1.2%

Other Business4 3.9%

•Reported diluted net earnings per share from continuing operations were $10.44

•Excluding $0.20 primarily related to restaurant closures and associated impairments, income tax adjustments and benefits, the Chuy’s integration, and the Olive Garden Canada sale, adjusted diluted net earnings per share from continuing operations were $10.64, an increase of 11.4%2

•The extra week of operations contributed $0.25 to both reported and adjusted diluted net earnings per share from continuing operations

1 Quarter same-restaurant sales is a 13-week metric and excludes the impact of Bahama Breeze as all locations are expected to be closed or converted to other brands (between Q3 fiscal 2026 and Q4 fiscal 2027).

2 See the "Non-GAAP Information" below for more details.

3 Inclusive of 1% excise tax incurred on net repurchases, resulting from the Inflation Reduction Act of 2022.

4 Annual same-restaurant sales is a 52-week metric and excludes the impact of Chuy’s, as they were not owned and operated by Darden for a 16-month period prior to the beginning of Fiscal 2026, as well as Bahama Breeze as all locations are expected to be closed or converted to other brands (between Q3 fiscal 2026 and Q4 fiscal 2027).

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“The fourth quarter was a strong finish to an excellent year, one in which we significantly outperformed the industry,” said Darden President & CEO Rick Cardenas. “Our restaurant teams continued to execute at a high level and that consistent execution helped each of our brands deliver positive same-restaurant sales for the quarter.

“Our performance throughout the fiscal year reflects the strength of our brands, the discipline of our strategy, and the quality of our teams. With the right brands, strategy, and team in place, I am confident we are well positioned to continue growing the business and creating long-term shareholder value.”

Segment Performance

Segment profit represents sales, less costs for food and beverage, restaurant labor, restaurant expenses and marketing expenses. Segment profit excludes non-cash real estate related expenses. Sales and profits from Chuy’s restaurants are included within the Other Business segment from the date of acquisition forward.

Q4 SalesQ4 Segment Profit

($ in millions)2026202520262025

Consolidated Darden$3,718.8$3,271.7

Olive Garden$1,538.0$1,381.0$373.0$328.4

LongHorn Steakhouse$1,016.5$833.8$215.2$167.8

Fine Dining$371.0$334.6$69.0$62.9

Other Business$793.3$722.3$142.1$126.3

Annual SalesAnnual Segment Profit

($ in millions)2026202520262025

Consolidated Darden$13,210.9$12,076.7

Olive Garden$5,594.8$5,212.9$1,257.9$1,163.9

LongHorn Steakhouse$3,423.0$3,025.5$635.1$582.7

Fine Dining$1,375.7$1,304.8$243.1$242.5

Other Business$2,817.4$2,533.5$446.9$397.4

Dividend Declared

Darden’s Board of Directors declared a quarterly cash dividend of $1.62 per share on the Company’s outstanding common stock, an 8.0% increase from the third quarter of fiscal 2026. The dividend is payable on August 3, 2026 to shareholders of record at the close of business on July 10, 2026.

Share Repurchase Program

During the quarter, the Company repurchased approximately 0.7 million shares of its common stock for a total of $138 mil

EX-99.1

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EX-99.1

Document

Exhibit 99.1

Darden Restaurants Reports Fiscal 2026 Third Quarter Results;

Declares Quarterly Dividend;

And Updates Fiscal 2026 Financial Outlook

ORLANDO, Fla., March 19, 2026 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 22, 2026.

Third Quarter 2026 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

•Total sales increased 5.9% to $3.3 billion, driven by a blended same-restaurant sales1 increase of 4.2% and sales from 31 net new restaurants

•Same-restaurant sales:

Consolidated Darden1 4.2%

Olive Garden3.2%

LongHorn Steakhouse7.2%

Fine Dining2.1%

Other Business1 3.9%

•Reported diluted net earnings per share from continuing operations were $2.68

•Excluding $0.05 of closed restaurant and other costs related to the exploration of strategic alternatives for the Bahama Breeze brand2, $0.16 of impairment due to restaurant closures3 and $0.06 of income tax adjustments and benefits, adjusted diluted net earnings per share from continuing operations were $2.95, an increase of 5.4%4

•The Company repurchased $127 million of its outstanding common stock

“We delivered a strong quarter,” said Darden President & CEO Rick Cardenas. “We continue to outperform the industry same-restaurant sales benchmark, and this quarter we widened that gap as Olive Garden, LongHorn Steakhouse, Yard House, and Cheddar’s Scratch Kitchen each significantly exceeded the benchmark. Across all our brands, we’re seeing historically high team member and manager retention, which is enabling consistent execution and strong guest satisfaction. I’m proud of our teams, as we continue to execute our proven strategy to grow sales, manage costs, and deliver value for guests and shareholders.”

Segment Performance

During the fourth quarter of fiscal 2025, the Company changed its reporting of segment profit to exclude pre-opening costs. Fiscal 2025 figures were recast for comparability. Segment profit represents sales, less costs for food and beverage, restaurant labor, restaurant expenses and marketing expenses. Segment profit excludes non-cash real estate related expenses. Sales and profits from Chuy's restaurants are included within the Other Business segment from the date of acquisition forward.

Q3 SalesQ3 Segment Profit

($ in millions)2026202520262025

Consolidated Darden$3,345.3$3,158.0

Olive Garden$1,393.0$1,330.3$320.0$307.5

LongHorn Steakhouse$854.2$768.1$159.0$151.6

Fine Dining$402.0$385.3$88.5$86.8

Other Business$696.1$674.3$108.8$105.5

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YTD SalesYTD Segment Profit

($ in millions)2026202520262025

Consolidated Darden$9,492.1$8,805.0

Olive Garden$4,056.8$3,831.9$884.9$835.4

LongHorn Steakhouse$2,406.5$2,191.7$419.9$414.9

Fine Dining$1,004.7$970.2$174.1$179.6

Other Business$2,024.1$1,811.2$304.8$271.1

1 Will not include Chuy's until they have been owned and operated by Darden for a 16-month period (Q4 fiscal 2026) and does not include Bahama Breeze as all locations are expected to be closed or converted to other brands (between Q3 fiscal 2026 and Q4 fiscal 2027).

2 Primarily costs related to the closure of 22 underperforming restaurants that were permanently closed during the fourth quarter of fiscal 2025 and other costs related to the strategic review of the Bahama Breeze brand.

3 Non-cash asset impairment charges primarily related to the closures of Bahama Breeze locations expected to occur in the fourth quarter of fiscal 2026.

4 See the "Non-GAAP Information" below for more details.

Dividend Declared

Darden's Board of Directors declared a quarterly cash dividend of $1.50 per share on the Company's outstanding common stock. The dividend is payable on May 1, 2026, to shareholders of record at the close of business on April 10, 2026.

Share Repurchase Program

During the quarter, the Company repurchased approximately 0.7 million shares of its common stock for a total of $127 million. As of the end of the third quarter of fiscal 2026, the Company had $516 million remaining under the current $1 billion repurchase authorization.

Fiscal 2026 Financial Outlook

The Company updated its full year financial outlook for fiscal 2026, which includes a 53rd week. This outlook includes the impact of the additional week. We will provide additional details during our investor conference call scheduled for this morning at 8:30 am ET.

•Total sales growth of approximately 9.5%, including approximately 2% growth related to the 53rd week

•Same-restaurant sales5 growth of approximately 4.5%

•New restaurant openings of approximately 70

•Total capital spending of $750 to $775 million

•Total inflation of approximately 3.5%

•An effective tax rate of approximately 12.5%

•Adjusted diluted net earnings per share from continuing operations of $10.57 to $10.674, including:

◦Approximately $0.25 related to the addition of the 53rd week

•Approximately 116.5 million weighted avera

dri-20251218DARDEN RESTAURANTS INC0000940944false00009409442025-12-182025-12-18

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report: December 18, 2025 (Date of earliest event reported)

DARDEN RESTAURANTS, INC.

(Exact name of registrant as specified in its charter) Commission File Number: 1-13666

Florida59-3305930 (State or other jurisdiction of incorporation)(IRS Employer Identification No.)

1000 Darden Center Drive, Orlando, Florida 32837 (Address of principal executive offices, including zip code) (407) 245-4000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered Common Stock, without par valueDRINew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02Results of Operations and Financial Condition.

On December 18, 2025, Darden Restaurants, Inc. (the Company) issued a news release entitled “Darden Restaurants Reports Fiscal 2026 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2026 Financial Outlook,” a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. In addition, the slide presentation accompanying the Company’s conference call will be posted on the Company’s website.

As provided in General Instruction B.2 of Form 8-K, the information in this Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section. The information in this Item 2.02 of this Current Report on Form 8-K shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the Securities Act), except as expressly set forth by specific reference in such filing.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit NumberDescription of Exhibit 99.1News release dated December 18, 2025 entitled “Darden Restaurants Reports Fiscal 2026 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2026 Financial Outlook”

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DARDEN RESTAURANTS, INC.

By:/s/ Rajesh Vennam Rajesh Vennam Senior Vice President, Chief Financial Officer

Date: December 18, 2025

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