Recent Updates — DRI

Darden Restaurants entered into a $1,500,000,000 Amended and Restated Revolving Credit Agreement with Bank of America as administrative agent on October 22, 2026. The new senior unsecured facility matures on October 22, 2031, includes a $150 million letter of credit sublimit, and permits proceeds for working capital, capital expenditures, refinancing indebtedness, acquisitions, and general corporate purposes. It replaces the prior $1,250,000,000 credit agreement dated October 23, 2023, which was terminated upon effectiveness of the new facility with no amounts outstanding under the old agreement. The company operates in the restaurant industry.

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.

Darden Restaurants reported its fiscal 2026 fourth quarter and full year results and provided a fiscal 2027 outlook. The company authorized a new $1.5 billion share repurchase program and increased its quarterly dividend. Additionally, the Board of Directors approved immediate amendments to the company's Bylaws, which include increasing the maximum number of shareholders permitted to aggregate holdings for director nomination ownership requirements from 10 to 20 and updating procedures to align with universal proxy rules. Darden Restaurants operates in the restaurant industry and manages a portfolio of full-service dining brands.

Darden Restaurants, Inc. reported its fiscal 2026 third-quarter financial results and declared a quarterly dividend. The company also provided an updated financial outlook for the remainder of fiscal 2026.

Darden Restaurants, Inc. reported its fiscal 2026 second-quarter financial results and declared a quarterly dividend. The company also provided an updated financial outlook for the fiscal 2026 period.