DRI

EX-99.1

2 exhibit991-q1fy27.htm

EX-99.1

Document

Exhibit 99.1

Darden Restaurants Reports Fiscal 2027 First Quarter Results;

Declares Quarterly Dividend;

and Reaffirms Fiscal 2027 Outlook

ORLANDO, Fla., September 24, 2026 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the first quarter ended August 30, 2026.

First Quarter 2027 Financial Highlights

•Total sales increased 5.1% to $3.2 billion.

•Blended same-restaurant sales1 for the quarter increased 3.1% on a fiscal calendar basis and increased 3.2% on a comparable calendar basis.

Fiscal CalendarComparable Calendar

Consolidated Darden1 3.1%3.2%

Olive Garden1.1%1.0%

LongHorn Steakhouse6.2%6.8%

Fine Dining1.6%1.0%

Other Business1 3.8%4.5%

Note: Due to the transition from a 53-week to a 52-week fiscal year, year-over-year fiscal period comparisons are offset by one week. Fiscal calendar is June 1, 2026 - August 30, 2026 vs. May 26, 2025 - August 24, 2025. Using comparable calendar periods helps account for the one-week shift and is intended to provide a clearer year-over-year comparison. Comparable calendar is June 1, 2026 - August 30, 2026 vs. June 2, 2025 - August 31, 2025.

•Reported diluted net earnings per share from continuing operations were $2.05, an increase of 4.1% from last year's adjusted diluted net earnings per share from continuing operations2

•The Company repurchased $222.3 million3 of its outstanding common stock

“The first quarter was a solid start to our fiscal year with each of our segments delivering positive same-restaurant sales,” said Darden President & CEO Rick Cardenas. “The performance across our portfolio reinforces the importance of having distinctive brands, each with a clear strategy, supported by Darden’s scale and other competitive advantages. Looking ahead, our focus remains the same: operate our restaurants at a high level, strengthen guest loyalty, invest in our people and brands, and deploy capital in ways that support 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.

Q1 SalesQ1 Segment Profit

($ in millions)2027202620272026

Consolidated Darden$3,200.3$3,044.7

Olive Garden$1,329.8$1,301.1$270.8$267.6

LongHorn Steakhouse$860.9$776.4$154.6$134.9

Fine Dining$304.2$286.5$39.6$38.7

Other Business$705.4$680.7$111.5$109.3

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 by 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.

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Dividend Declared

Darden’s Board of Directors declared a quarterly cash dividend of $1.62 per share on the Company’s outstanding common stock. The dividend is payable on November 2, 2026 to shareholders of record at the close of business on October 9, 2026.

Share Repurchase Program

During the quarter, the Company repurchased approximately 1.1 million shares of its common stock for a total of $222.3 million3. As of the end of the fiscal first quarter, the Company had $1.3 billion remaining under the current $1.5 billion repurchase authorization.

Fiscal 2027 Financial Outlook

The Company reaffirmed all aspects of its full year financial outlook for fiscal 2027, culminating in diluted net earnings per share from continuing operations of $11.10 to $11.35.

Investor Conference Call

The Company will host a conference call today, Thursday, September 24, 2026 at 8:30 am ET to review its recent financial performance, which will be available via a live webcast through the Company’s Investor Relations website at investor.darden.com. Please allow extra time prior to the call to visit the site and download any software required to listen to the webcast. Supplemental materials will be available on the Investor Relations website prior to the start of the conference call. For those who are unable to listen to the live broadcast, a replay will be available shortly after the call.

About Darden

Darden is a full-service restaurant company featuring a portfolio of differentiated brands that include 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. For more information, please visit www.darden.com.

Information About Forward-Looking Statements

Forward-looking statements in this communication regarding our expected earnings performance and all other statements that are not historical facts, including without limitation statements concerning our future economic performance, are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are ge

EX-99.1

3 exhibit991-q4fy26.htm

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

2 exhibit991-q3fy26.htm

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