Darden Restaurants, Inc. (NYSE:DRI) has reported a 5.9% increase in total sales to $3.3 billion for the third quarter ended February 22, 2026. This growth was driven by a 4.2% increase in blended same-restaurant sales and sales from 31 net new restaurants.
The reported diluted net earnings per share from continuing operations were $2.68, while the adjusted diluted net earnings per share from continuing operations were $2.95, reflecting an increase of 5.4%.
The company repurchased $127 million of its outstanding common stock during the quarter and declared a quarterly cash dividend of $1.50 per share on its outstanding common stock, payable on May 1, 2026.
Darden's fiscal 2026 financial outlook includes total sales growth of approximately 9.5%, a same-restaurant sales growth of approximately 4.5%, and new restaurant openings of approximately 70. The company also anticipates adjusted diluted net earnings per share from continuing operations of $10.57 to $10.674 for the full fiscal year.
The segment performance for the third quarter saw Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business reporting sales and segment profit figures, reflecting growth in both sales and profits compared to the same period in the previous fiscal year.
Darden continues to demonstrate strong financial performance and strategic growth, as highlighted by the positive metrics in its latest financial report. As a result of these announcements, the company's shares have moved 0.14% on the market, and are now trading at a price of $214.62. If you want to know more, read the company's complete 8-K report here.
