Earnings ·
Darden Restaurants reports $3.2B in Q1 sales, raises quarterly dividend to $1.62 per share
DRIDarden Restaurants Inc
Darden Restaurants reported fiscal 2027 first-quarter results with total sales increasing 5.1% to $3.2 billion and blended same-restaurant sales rising 3.1%. Reported diluted net earnings per share were $2.05, a 4.1% increase from the prior year's adjusted figure. The company repurchased approximately 1.1 million shares for $222.3 million, leaving $1.3 billion remaining under its authorization. Additionally, Darden declared a quarterly cash dividend of $1.62 per share, payable on November 2, 2026 to shareholders of record as of October 9, 2026. The company operates a portfolio of full-service restaurant brands including Olive Garden and LongHorn Steakhouse.