Darden Restaurants Inc (DRI)

Tech Rally and PCE Inflation Relief Lift Wall Street; Nasdaq Futures Surge as Micron Lead Market RallyJune 25, 2026 9:14 AM
IH Market News Dow Jones, S&P 500 and Nasdaq Futures are trading sharply higher this Thursday, fueled by a massive rally in the tech sector and investor relief over official inflation data. Pre-market optimism gained traction after corporate earnings crushed Wall Street estimates, while the macroeconomic landscape offered signs of monetary stability and cooling commodity prices. During pre-market trading, Nasdaq 100 futures surged an impressive 2.3%, leading gains in New York. S&P 500 futures rose 0.8%, while the Dow Jones posted a more modest advance, climbing 143 points (0.3%). In-Line PCE Brings Monetary Relief The day’s primary economic indicator, May’s Personal Consumption Expenditures (PCE) price index—the Federal Reserve’s preferred inflation metric—rose 0.4% for the month, coming in slightly below the 0.5% ceiling projected by economists. Over the past 12 months, the PCE recorded a 4.1% increase. Core PCE, which excludes volatile food and energy prices, rose 0.3% month-over-month and 3.4% year-over-year, landing exactly in line with consensus projections. Although underlying inflation remains above the Fed’s 2% target—justifying keeping interest rates at their current range of 3.50% to 3.75% per year—the market breathed a sigh of relief upon seeing that recent geopolitical shocks have not triggered an uncontrolled inflationary spiral. The 10-year Treasury yield ticked slightly higher by 1 basis point to 4.414%. Oil Erases War Gains, Plummeting Over 1% In the commodities market, the tone was one of sharp decompression. Brent crude futures for August delivery fell 1.4%, trading at $72.68 per barrel, erasing the risk premiums accumulated since the onset of hostilities in the Middle East. West Texas Intermediate (WTI) followed the same downward trend, dropping 1.4% to $69.35. The significant decline comes after the United States and Iran brokered a deal to reopen the Strait of Hormuz, releasing more than 20 oil tankers carrying approximately 35 million barrels of crude oil that had been held in the Persian Gulf for over three months. Citi analysts project that, as flows normalize, Brent should fall into the $60 to $65 range in the coming months. However, Iran’s Islamic Revolutionary Guard Corps Navy issued a warning that traffic will only be tolerated along routes strictly designated by Tehran, keeping geopolitical risks firmly on the radar. Top Corporate Moves on Wall Street Top Gainers Micron Technology (NASDAQ:MU): Shares of the chipmaker skyrocketed nearly 18% after reporting adjusted earnings of $25.11 per share (versus $20.78 expected) and seeing its annualized revenue quadruple to $41.46 billion. The company recorded a historic gross margin of 84.9%, outperforming giants like Meta and Nvidia, and is on track to open at an all-time high. Qualcomm (NASDAQ:QCOM): Surged 9.8% on the back of semiconductor optimism and after nearly doubling its 2029 revenue projection for non-smartphone segments, targeting $40 billion. Memory and Chip Sector: Driven by these results, Western Digital and SanDisk jumped more than 13% and 15%, respectively. Lam Research rose over 7%. Bio-Techne (NASDAQ:TECH): Shares surged 19.3% following confirmation of its acquisition by pharmaceutical giant Merck (NYSE:MRK) for $73 per share. Wendy’s (NASDAQ:WEN): Rose more than 11%, compounding a roughly 32% gain for the week, driven by strong appetite from retail investors. Top Losers: Darden Restaurants (NYSE:DRI): Fell over 3% after presenting a mixed fiscal fourth-quarter report and issuing full-year sales and earnings guidance below FactSet estimates. Amazon (NASDAQ:AMZN): Dipped slightly by 0.5% in pre-market trading. Despite announcing an additional $13 billion mega-investment in artificial intelligence and cloud infrastructure (AWS) in India through 2030, initial investor reaction was cautious regarding the scale of the capital expenditures. Corporate & Finance: JPMorgan Chase (NYSE:JPM): Shares rose 0.2% after the bank named Doug Petno and Troy Rohrbaugh as new co-presidents and heads of the financial institution’s largest divisions. The announcement is part of Jamie Dimon’s succession planning and marks the retirement of executive Marianne Lake. The post Tech Rally and PCE Inflation Relief Lift Wall Street; Nasdaq Futures Surge as Micron Lead Market Rally appeared first on US Editors. Original: Tech Rally and PCE Inflation Relief Lift Wall Street; Nasdaq Futures Surge as Micron Lead Market Rally

Darden Restaurants meets EPS estimates, revenue missesMarch 19, 2026 10:24 AM
IH Market News
Darden Restaurants, Inc. (NYSE:DRI) reported third-quarter results that met profit expectations but came in slightly below revenue forecasts, with shares edging up about 0.1% after the announcement. The restaurant operator posted adjusted earnings per share of $2.95 for the quarter ended February 22, matching the analyst consensus estimate. Revenue totaled $3.3 billion, missing the projected $3.33 billion, although it rose 5.9% compared with the same period last year. The increase was supported by a 4.2% rise in same-restaurant sales and the addition of 31 net new locations.For fiscal 2026, the company provided earnings guidance of $10.57 to $10.67 per share. The midpoint of $10.62 is slightly above the analyst consensus of $10.57 and includes about $0.25 related to an extra 53rd week in the fiscal year.LongHorn Steakhouse led the company’s brand performance, posting same-restaurant sales growth of 7.2%, while Olive Garden recorded a 3.2% increase. The Fine Dining segment reported a 2.1% gain, and the Other Business category grew 3.9%.“We delivered a strong quarter,” said Rick Cardenas, President and CEO. “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.”Darden also updated its outlook for the full fiscal year, forecasting total sales growth of roughly 9.5%, including about 2% attributable to the additional week. Same-restaurant sales are expected to grow approximately 4.5%, and the company plans to open around 70 new restaurants. Capital expenditures are projected to range between $750 million and $775 million.The board declared a quarterly dividend of $1.50 per share, payable on May 1 to shareholders of record as of April 10.Darden Restaurants stock price

Original: Darden Restaurants meets EPS estimates, revenue misses

Darden Restaurants Reports Fiscal 2026 Third Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2026 Financial OutlookMarch 19, 2026 7:00 AM
PR Newswire (US)

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 YearTotal 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 restaurantsSame-restaurant sales:





Consolidated Darden14.2 %





Olive Garden3.2 %





LongHorn Steakhouse7.2 %





Fine Dining2.1 %





Other Business13.9 %Reported diluted net earnings per share from continuing operations were $2.68Excluding $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%4The 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 Sales
Q3 Segment Profit($ in millions)
2026
2025
2026
2025Consolidated Darden
$3,345.3
$3,158.0



Olive Garden
$1,393.0
$1,330.3
$320.0
$307.5LongHorn Steakhouse
$854.2
$768.1
$159.0
$151.6Fine Dining
$402.0
$385.3
$88.5
$86.8Other Business
$696.1
$674.3
$108.8
$105.5










YTD Sales
YTD Segment Profit($ in millions)
2026
2025
2026
2025Consolidated Darden
$9,492.1
$8,805.0



Olive Garden
$4,056.8
$3,831.9
$884.9
$835.4LongHorn Steakhouse
$2,406.5
$2,191.7
$419.9
$414.9Fine Dining
$1,004.7
$970.2
$174.1
$179.6Other 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).2Primarily 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.3Non-cash asset impairment charges primarily related to the closures of Bahama Breeze locations expected to occur in the fourth quarter of fiscal 2026.4See 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 weekSame-restaurant sales5 growth of approximately 4.5%New restaurant openings of approximately 70Total capital spending of $750 to $775 millionTotal 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 weekApproximately 116.5 million weighted average diluted shares outstanding

5Annual same-restaurant sales is a 52-week metric and excludes the impact of Chuy's, which will not have been 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).

Investor Conference Call
The Company will host a conference call today, Thursday, March 19, 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 cannot listen to the live broadcast, a replay will be available shortly after the call.About Darden
Darden is a 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. Any forward-looking statements speak only as of the date on which such statements are first made, and we undertake no obligation to update such statements to reflect events or circumstances arising after such date. We wish to caution investors not to place undue reliance on any such forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to materially differ from those anticipated in the statements. The most significant of these uncertainties are described in Darden's Form 10-K, Form 10-Q and Form 8-K reports. These risks and uncertainties include: a failure to address cost pressures and a failure to effectively deliver cost management activities and achieve some economies of scale in purchasing, certain economic and business factors and their impacts on the restaurant industry and other general macroeconomic factors including unemployment, energy prices, tariffs and interest rates, the inability to hire, train, reward and retain restaurant team members and determine and maintain adequate staffing, a failure to recruit, develop and retain effective leaders or the loss or shortage of personnel with key capacities and skills that could impact our strategic direction, increased labor and insurance costs, health concerns arising from food-related pandemics, outbreaks of flu, viruses or other diseases, food safety and food-borne illness concerns, insufficient guest or employee facing technology or a failure to maintain a continuous and secure cyber network, compliance with privacy and data protection laws and risks of failures or breaches of our data protection systems, the inability to successfully complete our integration of Chuy's Holdings operations into our business, risks relating to public policy changes and federal, state and local regulation of our business, intense competition, changing consumer preferences, an inability or failure to recognize, respond to and effectively manage the accelerated impact of social media, a failure to identify and execute innovative marketing and guest relationship tactics, ineffective or improper use of other marketing initiatives and increased advertising and marketing costs, climate change, adverse weather conditions and natural disasters, long-term and non-cancelable property leases, inability or failure to execute a business continuity plan following a major natural disaster, shortages, delays or interruptions in the delivery of food and other products and services from our third-party vendors and suppliers, failure to drive profitable sales growth, a lack of availability of suitable locations for new restaurants or a decline in the quality of locations of our current restaurants, higher-than-anticipated costs associated with the opening of new restaurants or with the closing, relocating or remodeling of existing restaurants, risks associated with doing business with franchisees, licensees and vendors in foreign markets, volatility in the market value of derivatives, volatility in the U.S. equity markets affecting our ability to efficiently hedge exposures, failure to protect our intellectual property, our reporting on environmental, social and governance matters or our sustainability ratings, litigation, unfavorable publicity or failure to respond effectively to adverse publicity, disruptions in the financial and credit markets, impairment of the carrying value of our goodwill or other intangible assets, changes in tax laws or unanticipated tax liabilities, failure of our internal controls over financial reporting and future changes in accounting standards, and other factors and uncertainties discussed from time to time in reports filed by Darden with the Securities and Exchange Commission.Non-GAAP Information
The information in this press release includes financial information determined by methods other than in accordance with U.S. generally accepted accounting principles ("GAAP"), such as adjusted diluted net earnings per share from continuing operations. The Company's management uses these non-GAAP measures in its analysis of the Company's performance. The Company believes that the presentation of certain non-GAAP measures provides useful supplemental information that is essential to a proper understanding of the operating results of the Company's businesses. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP measures are included in this release.(Analysts) Courtney Aquilla, (407) 245-5054; (Media) Rich Jeffers, (407) 245-4189 Fiscal Q3 Reported to Adjusted Earnings Reconciliation
Q3 2026
Q3 2025$ in millions, except per share amountsEarnings
Before
Income
TaxIncome
Tax
ExpenseNet
EarningsDiluted
Net
Earnings
Per
Share
Earnings
Before
Income
TaxIncome
Tax
ExpenseNet
EarningsDiluted
Net
Earnings
Per
ShareReported Earnings from Continuing Operations     $ 356.8$   46.2$ 310.6$  2.68
$ 372.7$  49.0$ 323.7$   2.74% Change vs Prior Year


(2.2) %




Total Adjustments:$   31.3$     0.7$   30.6$  0.27
$     8.4$    1.9$     6.5$   0.06Closed restaurant and other strategic review costs26.61.65.00.05
————General and administrative expenses5.81.44.40.04
————Depreciation and amortization0.80.20.60.01
————Impairment due to restaurant closures324.76.218.50.16
————Income tax adjustments and benefits—(7.1)7.10.06
————Chuy's integration related one-time costs$      —$      —$      —$      —
$     8.4$    1.9$     6.5$   0.06Adjusted Earnings from Continuing Operations$ 388.1$   46.9$ 341.2$  2.95
$ 381.1$  50.9$ 330.2$   2.80% Change vs Prior Year


5.4 %




 Reconciliation of Fiscal 2026 Reported to Adjusted Earnings Outlook
2026Reported diluted net earnings per share from continuing operations     $10.40to$10.50Chuy's transaction and integration related costs0.06
0.06Closed restaurant and other strategic review costs20.15
0.15Impairment due to restaurant closures30.16
0.16Gain on Olive Garden Canada sale(0.26)
(0.26)Income tax adjustments and benefits$0.06
$0.06Adjusted diluted net earnings per share from continuing operations$10.57to$10.67 Darden Restaurants, Inc.Number of Company-Owned Restaurants

2/22/262/23/25Olive Garden944927LongHorn Steakhouse608586Cheddar's Scratch Kitchen184182Chuy's108106Yard House9289Ruth's Chris Steak House8282The Capital Grille7371Seasons 524545Eddie V's3030Bahama Breeze2743The Capital Burger34Darden Continuing Operations     2,1962,165 DARDEN RESTAURANTS, INC.CONSOLIDATED STATEMENTS OF EARNINGS(In millions, except per share data)(Unaudited)

Three Months Ended
Nine Months Ended
2/22/2026
2/23/2025
2/22/2026
2/23/2025Sales$    3,345.3
$    3,158.0
$    9,492.1
$    8,805.0Costs and expenses:






Food and beverage1,026.7
953.6
2,919.5
2,673.1Restaurant labor1,046.9
995.0
3,035.0
2,811.1Restaurant expenses528.7
501.0
1,541.2
1,426.9Marketing expenses39.4
35.4
137.2
128.9Pre-opening costs8.8
6.1
22.8
16.1General and administrative expenses121.5
116.7
375.4
387.2Depreciation and amortization141.8
131.9
414.8
381.1Impairments and (gain) loss on disposal of assets, net25.1
0.1
(19.8)
1.1Total operating costs and expenses$    2,938.9
$    2,739.8
$    8,426.1
$    7,825.5Operating income406.4
418.2
1,066.0
979.5Interest, net49.6
45.5
143.0
128.8Earnings before income taxes356.8
372.7
923.0
850.7Income tax expense46.2
49.0
117.1
103.7Earnings from continuing operations$      310.6
$      323.7
$      805.9
$      747.0Losses from discontinued operations, net of tax benefit of $1.3, $0.2, $1.6, and     
$0.7, respectively(3.8)
(0.3)
(4.1)
(1.2)Net earnings$      306.8
$      323.4
$      801.8
$      745.8Basic net earnings per share:






Earnings from continuing operations$        2.70
$        2.76
$        6.95
$        6.35Losses from discontinued operations(0.03)
—
(0.04)
(0.01)Net earnings$        2.67
$        2.76
$        6.91
$        6.34Diluted net earnings per share:






Earnings from continuing operations$        2.68
$        2.74
$        6.91
$        6.30Losses from discontinued operations(0.03)
—
(0.04)
(0.01)Net earnings$        2.65
$        2.74
$        6.87
$        6.29Average number of common shares outstanding:






Basic115.0
117.2
115.9
117.7Diluted115.8
118.0
116.7
118.5 DARDEN RESTAURANTS, INC.CONSOLIDATED BALANCE SHEETS(In millions)

2/22/2026
5/25/2025
(Unaudited)

ASSETS


Current assets:


Cash and cash equivalents$         240.4
$          240.0Receivables, net107.7
93.8Inventories345.3
311.6Prepaid income taxes179.3
135.6Prepaid expenses and other current assets145.8
156.7Total current assets$       1,018.5
$          937.7Land, buildings and equipment, net4,984.4
4,716.0Operating lease right-of-use assets3,478.1
3,555.9Goodwill1,658.2
1,659.4Trademarks1,346.4
1,346.4Other assets403.2
371.6Total assets$     12,888.8
$     12,587.0LIABILITIES AND STOCKHOLDERS' EQUITY     


Current liabilities:


Accounts payable$          451.4
$          439.6Short-term debt290.0
—Accrued payroll203.5
207.5Accrued income taxes1.4
4.7Other accrued taxes79.7
83.0Unearned revenues654.9
599.4Other current liabilities927.4
913.3Total current liabilities$       2,608.3
$       2,247.5Long-term debt2,141.0
2,128.9Deferred income taxes354.2
278.8Operating lease liabilities - non-current3,754.3
3,816.9Other liabilities1,927.0
1,803.6Total liabilities$     10,784.8
$     10,275.7Stockholders' equity:


Common stock and surplus$       2,297.0
$       2,295.6Retained earnings (deficit)(217.4)
(16.1)Accumulated other comprehensive income24.4
31.8Total stockholders' equity$       2,104.0
$       2,311.3Total liabilities and stockholders' equity$     12,888.8
$     12,587.0 DARDEN RESTAURANTS, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited)

Nine Months Ended
2/22/2026
2/23/2025Cash flows—operating activities


Net earnings$         801.8
$         745.8Losses from discontinued operations, net of tax 4.1
1.2Adjustments to reconcile net earnings from continuing operations to cash flows:     


Depreciation and amortization414.8
381.1Impairments and (gain) loss on disposal of assets, net(19.8)
1.1Stock-based compensation expense66.5
64.5Change in current assets and liabilities and other, net13.6
56.3Net cash provided by operating activities of continuing operations$       1,281.0
$       1,250.0Cash flows—investing activities


Purchases of land, buildings and equipment(540.9)
(472.6)Proceeds from disposal of land, buildings and equipment33.0
—Cash used in business acquisitions, net of cash acquired—
(613.7)Purchases of capitalized software and changes in other assets, net(15.2)
(13.3)Net cash used in investing activities of continuing operations$        (523.1)
$     (1,099.6)Cash flows—financing activities


Net proceeds from issuance of common stock18.2
38.9Dividends paid(521.5)
(494.6)Repurchases of common stock, inclusive of excise tax(534.4)
(367.2)Proceeds from short-term debt, net290.0
(28.6)Proceeds from issuance of long-term debt, net—
750.0Principal payments on finance leases, net(13.8)
(15.5)Payments of debt issuance costs—
(6.9)Net cash used in financing activities of continuing operations$        (761.5)
$        (123.9)



Cash flows—discontinued operations


Net cash used in operating activities of discontinued operations(2.4)
(7.9)Net cash used in discontinued operations$            (2.4)
$            (7.9)



Increase (decrease) in cash, cash equivalents, and restricted cash(6.0)
18.6Cash, cash equivalents, and restricted cash - beginning of period254.5
220.1Cash, cash equivalents, and restricted cash - end of period$         248.5
$         238.7



Reconciliation of cash, cash equivalents, and restricted cash:2/22/2026
2/23/2025Cash and cash equivalents$         240.4
$         224.2Restricted cash included in prepaid expenses and other current assets8.1
14.5Total cash, cash equivalents, and restricted cash shown in the statement of cash flows      $         248.5
$         238.7 



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Original: Darden Restaurants Reports Fiscal 2026 Third Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2026 Financial Outlook

Darden Restaurants to Release Fiscal 2026 Third Quarter Results on March 19, 2026February 19, 2026 4:15 PM
PR Newswire (US)

ORLANDO, Fla., Feb. 19, 2026 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) plans to release its fiscal 2026 third quarter financial results before the market opens on Thursday, March 19, 2026. The Company will host a conference call, led by Rick Cardenas, President and Chief Executive Officer, and Raj Vennam, Chief Financial Officer, to review third quarter results and conduct a question-and-answer session on Thursday, March 19, 2026, at 8:30 a.m. ET.The conference call will be webcast and can be accessed through the Company's Investor Relations website at investor.darden.com. Supplementary materials will be available on the website prior to the start of the conference call. A replay of the webcast will be available on the Company's Investor Relations website shortly after the conclusion of the call.About Darden
Darden is a 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.Contacts:
Investor Relations: Courtney Aquilla (407) 245-5054
Media: Rich Jeffers (407) 245-4189



View original content:https://www.prnewswire.com/news-releases/darden-restaurants-to-release-fiscal-2026-third-quarter-results-on-march-19-2026-302693022.htmlSOURCE Darden Restaurants, Inc.

Original: Darden Restaurants to Release Fiscal 2026 Third Quarter Results on March 19, 2026

Recipe Restaurant Group International Announces Third New Olive Garden Location in CanadaFebruary 5, 2026 2:32 PM
PR Newswire (Canada)

VAUGHAN, ON, Feb. 5, 2026 /CNW/ - Recipe Restaurant Group International ("Recipe") today announced the third new location in its Canadian expansion of the Olive Garden brand. The restaurant will open in Ajax, Ontario, bringing the brand's signature Italian-inspired dining experience to a vibrant new community in Eastern Canada.This announcement builds on previously confirmed new Olive Garden locations at Vaughan Mills (Vaughan, Ontario) and in Westboro (Ottawa, Ontario), following Recipe's acquisition of existing Western Canadian restaurants and a national development agreement with Darden Restaurants, Inc. (NYSE: DRI).Details regarding construction timelines and an anticipated opening date for the Ajax location will be shared as development progresses."It's an exciting time for Olive Garden in Canada," said Frank Hennessey, Chief Executive Officer of Recipe Restaurant Group. "Each new location is a meaningful step in our national expansion, bringing the Olive Garden experience to more communities across the country.""We're taking a thoughtful approach to growth as we bring the Olive Garden brand to more Canadians," said Yianni Fountas, Chief Operating Officer of Olive Garden Canada. "Following Vaughan Mills and Westboro, Ajax stands out as a strong market with clear demand, making it a natural next step in our GTA growth strategy."About OIive GardenAt Olive Garden, we know that life is better together and everyone is happiest when they're with family. As the leader in the Italian dining segment, Olive Garden has more than 920 restaurants and employs more than 96,000 team members. Olive Garden is a division of Darden restaurants. Olive Garden is committed to making a difference in the lives of others in the local community.As part of this commitment, Olive Garden restaurants have donated more than 53 million pounds of food to local community food banks across the country. For more information, visit www.olivegarden.com.Follow Olive Garden on Facebook, X, Instagram and TikTok.About Recipe Restaurant Group InternationalRecipe Restaurant Group International is Canada's largest full-service restaurant company. Home to leading casual dining, quick service, and fast casual brands, Recipe has nearly 1,100 restaurants located across Canada, and an international presence in the United States and the Middle East. The Company's portfolio of brands includes Swiss Chalet, St-Hubert, Harvey's, Montana's, Olive Garden, New York Fries, Kelsey's Original Roadhouse, East Side Mario's, Original Joe's, State & Main, Anejo, The Burger's Priest, The Landing Group, Elephant & Castle, Fresh Kitchen + Juice Bar, The Pickle Barrel, Blanco Cantina and Bier Markt.Recipe's iconic brands have established the organization as a nationally recognized franchisor of choice. More information about the Company is available at www.recipeunlimited.com.SOURCE Recipe Restaurant Group International

Original: Recipe Restaurant Group International Announces Third New Olive Garden Location in Canada

Darden Restaurants Completes Exploration of Strategic Alternatives for Bahama BreezeFebruary 3, 2026 9:25 AM
PR Newswire (US)

ORLANDO, Fla., Feb. 3, 2026 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE: DRI) today announced that it has completed its exploration of strategic alternatives for Bahama Breeze. Previously, the company announced that the Bahama Breeze brand, and its 28 locations, were no longer a strategic priority and that it would consider strategic alternatives, including a potential sale of the brand or converting restaurants to other Darden brands.The company has now determined that it will permanently close 14 Bahama Breeze restaurants and plans to convert the remaining 14 locations into another Darden brand. The company does not expect these actions to have a material impact on its financial results.The 14 restaurants designated for permanent closure are expected to continue operating through April 5, 2026. The company anticipates converting the remaining 14 locations over the next 12-18 months. They are expected to continue to operate until any temporary closures are needed for the conversion. At this time, the company is not disclosing the specific Darden brands into which these locations will be converted.The company believes the conversion locations are great sites that will benefit several of the brands in its portfolio. Going forward, the primary focus will continue to be on supporting team members, including placing as many as possible in roles within the Darden portfolio.A list of the locations of Bahama Breeze restaurants that will be closing and those that are expected to be converted is provided below.CLOSING RESTAURANT LOCATIONSCONVERSION RESTAURANT LOCATIONS500 Center Blvd., Newark, DE499 E Altamonte Drive, Altamonte Springs, FL3590 Breckenridge Blvd., Duluth, GA805 Brandon Town Center Drive, Brandon, FL12395 SW 88th St., Miami, FL14701 S Tamiami Trail, Ft. Myers, FL10205 Rivercoast Drive, Jacksonville, FL8160 Irlo Bronson Memorial Hwy., Kissimmee, FL1251 West Osceola Pkwy., Kissimmee, FL25830 Sierra Center Blvd., Lutz, FL11000 Pines Blvd., Pembroke Pines, FL5620 W. Oak Ridge Road, Orlando, FL1540 Rinehart Road, Sanford, FL 8849 International Drive, Orlando, FL 19600 Haggerty Road, Livonia, MI8735 Vineland Ave., Orlando, FL2000 Route 38, Cherry Hill, NJ1200 N Alafaya Drive, Orlando, FL3309 Wake Forest Drive, Raleigh, NC3045 N Rocky Point Drive East, Tampa, FL320 Goddard Blvd., King of Prussia, PA755 Earnest W Barrett Pkwy NW, Kennesaw, GA6100 Robinson Center Drive, Pittsburgh, PA570 Cross Creek Mall, Fayetteville, NC2714 Potomac Mills Circle, Woodbridge, VA 7811 Rivers Ave., Charleston, SC 15700 Southcenter Pkwy., Tukwila, WA4554 Virginia Beach, Blvd., Virginia Beach, VAAbout Darden
Darden is a 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
Certain statements contained in this press release constitute "forward–looking statements" within the meaning of the federal securities laws and are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward–looking statements include, but are not limited to, statements concerning the company's strategic initiatives, anticipated operational actions, expected timelines, and other statements that are not historical facts. These statements are based on the company's current assumptions, expectations, and projections and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Any forward-looking statements speak only as of the date on which such statements are first made, and we undertake no obligation to update such statements to reflect events or circumstances arising after such date. We wish to caution investors not to place undue reliance on any such forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to materially differ from those anticipated in the statements. The most significant of these uncertainties are described in Darden's Form 10- K, Form 10-Q, and Form 8-K reports. These risks and uncertainties include: a failure to address cost pressures and a failure to effectively deliver cost management activities and achieve some economies of scale in purchasing, certain economic and business factors and their impacts on the restaurant industry and other general macroeconomic factors including unemployment, energy prices, tariffs and interest rates, the inability to hire, train, reward and retain restaurant team members and determine and maintain adequate staffing, a failure to recruit, develop and retain effective leaders or the loss or shortage of personnel with key capacities and skills that could impact our strategic direction, increased labor and insurance costs, health concerns arising from food-related pandemics, outbreaks of flu, viruses or other diseases, food safety and food-borne illness concerns, insufficient guest or employee facing technology or a failure to maintain a continuous and secure cyber network, compliance with privacy and data protection laws and risks of failures or breaches of our data protection systems, the inability to successfully complete our integration of Chuy's Holdings operations into our business, risks relating to public policy changes and federal, state and local regulation of our business, intense competition, changing consumer preferences, an inability or failure to recognize, respond to and effectively manage the accelerated impact of social media, a failure to identify and execute innovative marketing and guest relationship tactics, ineffective or improper use of other marketing initiatives and increased advertising and marketing costs, climate change, adverse weather conditions and natural disasters, long-term and non-cancelable property leases, inability or failure to execute a business continuity plan following a major natural disaster, shortages , delays or interruptions in the delivery of food and other products and services from our third-party vendors and suppliers, failure to drive profitable sales growth, a lack of availability of suitable locations for new restaurants or a decline in the quality of locations of our current restaurants, higher-than-anticipated costs associated with the opening of new restaurants or with the closing, relocating or remodeling of existing restaurants, risks associated with doing business with franchisees, licensees and vendors in foreign markets, volatility in the market value of derivatives, volatility in the U.S. equity markets affecting our ability to efficiently hedge exposures, failure to protect our intellectual property, our reporting on environmental, social and governance matters or our sustainability ratings, litigation, unfavorable publicity or failure to respond effectively to adverse publicity, disruptions in the financial and credit markets, impairment of the carrying value of our goodwill or other intangible assets, changes in tax laws or unanticipated tax liabilities, failure of our internal controls over financial reporting and future changes in accounting standards, and other factors and uncertainties discussed from time to time in reports filed by Darden with the Securities and Exchange Commission. (Media) Rich Jeffers, (407) 245-4189; (Analysts) Courtney Aquilla, (407) 245-5054Logo - https://mma.prnewswire.com/media/340562/DARDEN_RESTAURANTS_INC_LOGO_v1.jpg 



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Original: Darden Restaurants Completes Exploration of Strategic Alternatives for Bahama Breeze

DRI, reports Friday 6/20

Ruth Chris and capital grill are two of the best.

DRI new 52=week high

Recent weeks, Olive Garden parking lot is less busy.
People saving money as prices rise.

Price decrease today because an Analyst thinks inflation will impact Darden. Perhaps, but Olive Garden restaurants are more packed with business than ever.

Why are the restaurant stocks up. It will be a year or more before the make any money again. Another day on Planet Stupid

Breaking News: $DRI AppFolio Deep Dive: Is This Real Estate SaaS Company Worth Buying?

In this week's episode of Industry Focus: Financials , host Jason Moser and Fool.com contributor Matt Frankel, CFP, take a closer look at AppFolio (NASDAQ: APPF) , a software-as-a-service company that offers a subscription-based solution for the property management industry....

In case you are interested DRI - AppFolio Deep Dive: Is This Real Estate SaaS Company Worth Buying?

News; $DRI S&P 500 Worries Its Way Higher on More Record Jobless Claims: Darden's New Dividend, Carmax Crash, United COVID Testing

The S&P 500 index (SNPINDEX: ^GSPC) closed up 9.7 points, a modest 0.3% gain that belies how volatile the trading session was on Sept. 24. There were multiple periods in morning trading when the index was down, followed by a big midday run that sent stocks up over 1.2% just befo...

Find out more DRI - S&P 500 Worries Its Way Higher on More Record Jobless Claims: Darden's New Dividend, Carmax Crash, United COVID Testing

BREAKING NEWS: $DRI Why Darden Restaurants Stock Was Gaining Today

Shares of Darden Restaurants (NYSE: DRI) were climbing today after the Olive Garden parent beat bottom-line estimates in its first-quarter earnings report, offered promising guidance for the current quarter, and reinstated its dividend, all signs the company was rebounding from the ...

Got this from DRI - Why Darden Restaurants Stock Was Gaining Today

BREAKING NEWS: $DRI Stock Markets Gain Despite Economic Data; CarMax Cracks, Darden Delivers as Earnings Season Approaches

The COVID-19 pandemic has caused a lot of economic disruptions, and workers have felt the brunt of the impact. Tens of millions of people lost their jobs during the shutdowns in the early months of the pandemic. Even now, unemployment levels remain elevated, and an unexpected rise in first-...

In case you are interested DRI - Stock Markets Gain Despite Economic Data; CarMax Cracks, Darden Delivers as Earnings Season Approaches

NEWS: $DRI Darden Restaurants Resumes Its Dividend After Sales Improve

Darden Restaurants (NYSE: DRI) is still reeling from a pandemic-related customer traffic plunge, but at least the business is on the mend. The owner of the Olive Garden and LongHorn Steakhouse restaurant franchises on Thursday revealed that sales dove 28% across its chains throu...

In case you are interested DRI - Darden Restaurants Resumes Its Dividend After Sales Improve

News; $DRI Darden Restaurants Reports Fiscal 2021 First Quarter Results; Announces Repayment of its Term Loan; Reinstates a Quarterly Dividend; And Provides Fiscal 2021 Second Quarter Outlook

Darden Restaurants Reports Fiscal 2021 First Quarter Results; Announces Repayment of its Term Loan; Reinstates a Quarterly Dividend; And Provides Fiscal 2021 Second Quarter Outlook PR Newswire ORLANDO, Fla., Sept. 24, 2020 ORLANDO, Fla. , Sept. 24, 2020 /PRNe...

Got this from DRI - Darden Restaurants Reports Fiscal 2021 First Quarter Results; Announces Repayment of its Term Loan; Reinstates a Quarterly Dividend; And Provides Fiscal 2021 Second Quarter Outlook

MEGA Debt of $7 BILLION / Burning massive Cash and Running out of Cash = Chapter 11 and Delisting on the way

Just In: $DRI Can Darden Restaurants Survive Another COVID-19 Lockdown?

Unlike the retail space, restaurants haven't seen many COVID-19-related bankruptcies, undoubtedly because takeout and delivery served as a lifeline for the industry during the pandemic, whereas most retailers were completely shut down for periods of time. Darden Restaurants (NYSE: DRI) ha...

Find out more DRI - Can Darden Restaurants Survive Another COVID-19 Lockdown?

News: $DRI 3 Best Restaurant Stocks to Buy in August

The restaurant industry wasn't exactly thriving before the coronavirus pandemic hit, and then it was upended after establishments were limited to takeout and delivery. Some chains like Ruth's Hospitality , which operates the upscale Ruth's Chris Steakhouse, didn't have much of a to-go menu t...

In case you are interested DRI - 3 Best Restaurant Stocks to Buy in August

Olive Garden has been doing a good Take Out and Drive Thru business.

I was taking a look after watching Bill Ackerman's interview. I actually have my hands fill with the revived Cannabis sector and "virus" plays.

Thats my my opinion, you confuse me with the question marks. Are you skiddish? Buying?

Just asking. I want a thousand shares. 26 hits again. You will see that buy, by me.

One K at 26. Its done.

BUY? BUY? BUY?

Hows your outlook now?

I am a buyer. I see blue skies coming. Imho

That is not correct. Some states have them still open for business. They must observe more distance between seated patrons. In otherwords an empty table space between those seated. Yes, it us an opportunity. I was lucky yesterday to buy at 30. I am sorry I missed the years low at 26. I only managed 100 shares to. But I will take them.

Edit: I forgot to put that is what I know of "some" of the chain. Not every differant restaurant that Darden owns. Sorry for the mistake.

All restaurants closed, except for Take-Out and Drive-Thru. Buying as much DRI as I can at this ridiculously low price. One-Quarter EPS takes a dive, but then an excellent recovery.

And todays price? Shocking. Yesterday was worse.

Olive Garden near my house is just as busy as ever. The stock market scare over Coronavirus is way out of proportion. Sold some losers and bought more DRI.

Picked up some more shares at $108.31 which is nearly a steal.
The Olive Garden near my house is always doing much better than neighboring restaurants. The parking lot is normally full, and I tell my wife, "We're making money."

Darden Restaurants $DRI Has Been Crushed Since Earnings, Here’s The Trade

Leading restaurant stock, Darden Restaurants Inc (NYSE:DRI), has been selling off sharply since reporting earnings on September 19th, 2019. The stock was trading as high as $127.60 a share before its earnings announcement. Since that time, the stock has collapsed down to the $116.00 level. Today, DRI stock is testing its 200-day moving average, so there could be some short-term support here around this area. While the stock is currently at short-term support the better support level for a more defined bottom would be around the $110.00 level. This is where the stock broke out in March 2019. Often, prior break-out levels will serve as excellent support when initially tested. I’m keeping this stock on my radar around this $110.00 level for a long side trade.




Nick Santiago
InTheMoneyStocks

Darden is a growth company. Bahama Breeze and Olive Garden restaurants are expanding each year.

Always popular nation wide

Outstanding price action and volume today with predicted increased EPS.
I partially judge DRI by the local Olive Garden that I pass by everyday at different times of the day. ALWAYS BUSY.

Odd price action today... what a battle

Business is good. Olive Garden is the big money maker. Good investment because they are steadily rolling out more Bahama Breeze restaurants. Last I checked there were only about 30 Bahama Breeze restaurants, so DRI will definitely grow.

Looking good. I may buy soon

Darden is excellent. Anyone know when the former Board sold Red Lobster was there a "non-compete" clause in the contract sale? DRI does have about 20 seafood restaurants which could be expanded nationwide-- Bahama Breeze Island Grille.

Hows it looking?

Darden Restaurants $DRI Slammed After Earnings, Here Is Where It's Going

This morning, leading restaurant owner and operator Darden Restaurants Inc (NYSE:DRI) is coming under severe selling pressure. Earlier today, the company reported earnings that are not being well received by the street. The stock is trading lower by 7.0 percent to $86.77 a share. Traders must note that DRI stock is now trading below its important daily 200-day moving average. This puts the stock in a weak technical position on the charts. The next important support level for DRI stock will be around the $82.00 area. This is where the stock broke out in November 2017. Often, prior break-out level will serve as very good support when initially retested.





Nicholas Santiago
InTheMoneyStocks

anyone here?

Darden restaurants doing very well. Darden has a few seafood restaurants that I suspect they can not increase the franchise due to a legal clause with the sale of Red Lobster?

Argus upgraded DRI to Buy. This free cashflow analysis does support rating:

Analysis

DRI makes this Stock Screen: Top dividend yielder with at least 10% upside

Darden Restaurants DRI upgraded by Raymond James today. Got that right... fundamentals show almost 25% upside


Fair Value

If earnings are good, this will rebound to $65+ back to where it was before the last quarter of disappointing earnings.

Olive Garden is doing great. Darden has several smaller chains that could expand across the USA. Great growth opportunity.

Choo choo. All aboard. Trains about to leave the station!

Thank you "Starboard Value LP" for rejuvenating DRI.