Darden Restaurants, Inc.: Miss — EPS $2.05, Revenue $3.2B
Earnings Report· 2026-09-24
DRI
Q1 · 2027Pre-MarketDarden Restaurants, Inc.
@trystockwhiz
EARNING PER SHARE
Actual ($)
2.05
4.10% YoY
Expected
2.05
In-Line
0.00%
REVENUE
Actual ($)
3.20B
5.10% YoY
Expected
3.21B
Miss
-0.30%
Earning Report
| Metric | Q1 FY2027 | Q1 FY2026 | YoY Change % |
|---|---|---|---|
| Sales | $3.20B | $3.04B | +5.1% |
| └─Olive Garden | $1.33B | $1.30B | +2.2% |
| └─LongHorn Steakhouse | $860.90M | $776.40M | +10.9% |
| └─Fine Dining | $304.20M | $286.50M | +6.2% |
| └─Other Business | $705.40M | $680.70M | +3.6% |
| Basic EPS | $2.05 | $2.21 | -7.2% |
| Diluted EPS | $2.04 | $2.19 | -6.8% |
| Basic EPS Continuing Operations | $2.06 | $2.21 | -6.8% |
| Diluted EPS Continuing Operations | $2.05 | $2.19 | +4.1% |
| Adjusted Diluted EPS | $2.05 | $1.97 | +4.1% |
| Net Earnings | $233.40M | $257.80M | -9.5% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY2027 Outlook |
|---|---|---|
| Diluted EPS | — | $11.10-$11.35 |
Business Highlights
- ➤All segments delivered positive same-restaurant sales.
- ➤Repurchased approximately 1.1 million shares during the quarter.
- ➤Had $1.3B remaining under its $1.5B share-repurchase authorization.
- ➤Declared a quarterly cash dividend of $1.62 per share.
- ➤Expects Bahama Breeze locations to be closed or converted by Q4 fiscal 2027.
- ➤Darden’s portfolio includes Olive Garden, LongHorn Steakhouse, Chuy’s and other differentiated brands.
- ➤Company-owned continuing-operations restaurant count reached 2,218.
Management Commentary
Rick Cardenas, President & CEO
“The first quarter was a solid start to our fiscal year with each of our segments delivering positive same-restaurant sales. The performance across our portfolio reinforces the importance of having distinctive brands, each with a clear strategy, supported by Darden's scale and other competitive advantages. Looking ahead, our focus remains the same: operate our restaurants at a high level, strengthen guest loyalty, invest in our people and brands, and deploy capital in ways that support long-term shareholder value.”