Darden Restaurants Inc reported fiscal 2026 results with revenue rising to $13.21B and diluted earnings per share of $10.38, driven by same-restaurant sales gains, new restaurant openings and the full-year contribution from the Chuy’s acquisition.
Financial Highlights
| MetricCurrent yearPrior yearYoY change | Revenue¹$13.21B$12.08B9.4% | Net income²$1.21B$1.05B15% | Diluted EPS³$10.38$8.8617.2% |
¹ Reported as “Sales”. ² Reported as “Net earnings”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth of 9.4% in FY2026 was supported by a 4.5% blended same-restaurant-sales lift, 43 net new restaurants and an extra week in the fiscal year.
- Chuy’s acquisition was fully integrated and contributed a full year of sales, with related goodwill recorded for anticipated growth synergies.
- Off-premise channels and catering helped check growth (Olive Garden check +2.9%; Other Business check +3.3%), while guest counts showed modest improvement.
- Management closed roughly half of Bahama Breeze locations and plans to convert remaining units to other Darden brands over the next 12–18 months.
- Outlook for FY2027: company guided sales of $13.60–$13.75B, targeting 2.5–3.5% same-restaurant sales growth and 75–80 new restaurant openings.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.