#United States #Orlando #Darden Restaurants #Olive Garden #LongHorn Steakhouse

Darden Restaurants Announces Fiscal 2027 Q1 Results

On September 24, 2026, Darden Restaurants, Inc. (NYSE: DRI) shared its financial performance for the first quarter that concluded on August 30, 2026. The company reported a robust total sales figure of $3.2 billion, marking a 5.1% increase compared to the same period last year.

Key Highlights of First Quarter 2027

• - Total Sales Growth: Darden achieved a 5.1% increase in overall sales.
• - Same-Restaurant Sales: There was a 3.1% rise in blended same-restaurant sales for the quarter, with a 3.2% increase on a comparable calendar basis.

Performance Breakdown by Segment

Darden's various restaurant segments showcased varied performances:

• - Olive Garden: Sales increased by 1.1% within the fiscal calendar, while sliding slightly by 1.0% in comparable terms.
• - LongHorn Steakhouse: A significant 6.2% growth was noted on a fiscal basis, with 6.8% for comparable sales.
• - Fine Dining: This segment experienced a modest growth of 1.6% on a fiscal calendar, contrasting with a 1.0% performance on comparable terms.
• - Other Business: Sales surged by 3.8% in the current fiscal quarter and by 4.5% on a comparable calendar basis.

The quarter’s success was a result of Darden's strategy of hosting distinctive brands with clear operational goals that leverage the company's competitive advantages.

Profit Margins and Earnings

Adjustments led to a reported net earnings per share of $2.05, which is up 4.1% from last year's equivalent adjusted earning per share, reflecting overall profitability of the firm in a challenging economic environment. The company also engaged in a significant share buyback program, repurchasing approximately $222.3 million worth of its common stock.

Dividend Declaration

Darden's Board of Directors also announced a quarterly cash dividend of $1.62 per share for its outstanding common stock. This dividend is set to be paid on November 2, 2026, to shareholders of record by October 9, 2026.

Future Outlook

Looking ahead, Darden has reaffirmed its fiscal outlook for the entirety of 2027, projecting diluted net earnings per share from continuing operations will range from $11.10 to $11.35. President and CEO, Rick Cardenas, emphasized the importance of maintaining excellent operational standards and building guest loyalty while ensuring effective capital deployment to enhance long-term shareholder value.

Conclusion

Darden’s ability to report a solid first quarter cements its status as a premier player in the restaurant sector, with consistent performance from its subsidiaries such as Olive Garden and LongHorn Steakhouse. The company continues to adapt to consumer preferences and market challenges, positioning itself well for future growth. For those seeking more detailed information or insights, an investor conference call will take place today at 8:30 AM ET, accessible via the company's investor relations website.

For further details on Darden's strategies and financial outlook, visit Darden's official website.