DRI · Darden Restaurants, Inc.

Summary

Darden Restaurants reported fiscal 2026 third quarter results with total sales of $3,345.3 million, up 5.9% from $3,158.0 million last year, reported diluted EPS from continuing operations of $2.68, and adjusted diluted EPS of $2.95, up 5.4%. The company declared a $1.50 quarterly dividend and updated fiscal 2026 outlook including adjusted diluted EPS of $10.57 to $10.67.

Key takeaways

• Total Q3 sales $3,345.3 million, +5.9% YoY to $3,158.0 million
• Q3 same-restaurant sales +4.2% (Olive Garden +3.2%, LongHorn Steakhouse +7.2%)
• Q3 reported diluted EPS $2.68 (GAAP), adjusted $2.95 (Non-GAAP), +5.4% YoY
• Repurchased 0.7 million shares for $127 million; $516 million remaining under $1 billion authorization
• Declared quarterly dividend $1.50 per share, record date April 10, 2026, payable May 1, 2026
• FY2026 guidance: sales growth ~9.5%, adjusted diluted EPS $10.57-$10.67