US EditionOlive Garden Parent Darden Records Strong Q4 Growth, Hikes Dividend - Darden Restaurants (NYSE:DRI)
- Darden Restaurants reported fiscal fourth-quarter 2025 earnings on June 20th, beating Wall Street estimates with $2.98 EPS and $3.27 billion revenue.
- The strong quarterly results followed a 10.6% sales increase driven by a 4.6% rise in same-store sales and acquisitions including 103 Chuy's Tex Mex restaurants.
- Olive Garden and LongHorn Steakhouse drove strong growth with same-store sales rising 6.9% and 6.7%, respectively, boosted in part by Olive Garden bringing back its popular promotion that offers customers an additional meal to enjoy alongside their dine-in order after a five-year hiatus.
- Darden's board approved a new stock buyback initiative valued at $1 billion with no set end date, and raised the quarterly dividend by 7.1% to $1.50 per share, signaling confidence in the company’s ongoing growth prospects.
- The company aims to increase its footprint by adding between 60 and 65 new restaurants and is actively evaluating strategic options for its Bahama Breeze brand, which may include a sale or rebranding to other Darden concepts, reflecting a commitment to growth and optimizing its brand portfolio.
11 Articles
11 Articles
Olive Garden and LongHorn help Darden beat earnings as Americans keep dining out
It seems Americans can’t get enough of Olive Garden’s never-ending soup or salad and breadsticks: The chain’s parent company reported quarterly results on Friday that buck a broader slump in dining out trends. Darden Restaurants reported stronger-than-expected sales and earnings growth in its most-recent quarter that slightly beat analysts’ estimates. The Orlando-based company reported that same-store sales increased 6.9% at Olive Garden and 6.7…
Olive Garden Parent Darden Records Strong Q4 Growth, Hikes Dividend - Darden Restaurants (NYSE:DRI)
Darden Restaurants Inc. (NYSE:DRI), the parent stock of restaurants like Olive Garden and LongHorn Steakhouse, rose on Friday after the company topped fourth-quarter earnings and revenue estimates, lifted by strong same-restaurant sales and expansion efforts. The company reported fourth-quarter adjusted earnings per share of $2.98, beating the analyst consensus estimate of $2.97. Quarterly sales of $3.27 billion outpaced the analyst consensus es…
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