HighGravityDataDarden Restaurants — Mar 20, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000940944-25-000011
Showing in the filing
Adjusted diluted net earnings per share from continuing operations, excluding approximately $47 million, pre-tax, of Chuy's transaction and integration related costs
“$9.45 to $9.52”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 11
Quarterly cash dividend
“$1.40 per share”
Remaining share repurchase authorization
“$548 million”
Total sales for FY2025
“approximately $12.1 billion”
Same-restaurant sales growth for FY2025
“approximately 1.5%”
New restaurant openings for FY2025
“50 to 55”
Total capital spending for FY2025
“approximately $650 million”
Total inflation for FY2025
“approximately 2.5%”
Effective tax rate for FY2025
“approximately 12.5%”
Weighted average diluted shares outstanding for FY2025
“118.3 million”
Adjusted diluted net earnings per share from… for FY2025
“$9.45 to $9.52”
Adjusted diluted net earnings per share from… for FY2025
“$9.45 to $9.52”
Exhibit 99.1 · the passage around this item
… earlier in the release
Reconciliation of Fiscal 2025 Reported to Adjusted Earnings Outlook 2025 Reported diluted net earnings per share from continuing operations $9.12 to $9.19 Chuy's transaction and integration related costs 0.40 0.40 Income tax expense (0.07) (0.07) Adjusted diluted net earnings per share from continuing operations $9.45 to $9.52 Darden Restaurants, Inc. Number of Company-Owned Restaurants 2/23/25 2/25/24 Olive Garden 927 917 LongHorn Steakhouse 586 572 Cheddar's Scratch Kitchen 182 181 Chuy's 106 — Yard House 89 88 Ruth's Chris Steak House 82 79 The Capital Grille 71 64 Seasons 52 45 44 Bahama Breeze 43 43 Eddie V's 30 30 The Capital Burger 4 4 Darden Continuing Operations 2,165 2,022 4 DARDEN RESTAURANTS, INC. CONSOLIDATED STATEMENTS OF EARNINGS (In millions, except per share data) (Unaudited) Three Months Ended Nine Months Ended 2/23/2025 2/25/2024 2/23/2025 2/25/2024 Sales $ 3,158.0 $ 2,974.8 $ 8,805.0 $ 8,432.7 Costs and expenses: Food and beverage 953.6 920.2 2,673.1 2,617.0 Restaurant labor 995.0 937.1 2,811.1 2,693.3 Restaurant expenses 507.1 471.9 1,443.0 1,368.9 Marketing expenses 35.4 31.7 128.9 107.2 General and administrative expenses 116.7 108.2 387.2 376.3 Depreciation and amortization 131.9 117.9 381.1 340.2 Impairments and disposal of assets, net 0.1 0.4 1.1 11.0 Total operating costs and expenses $ 2,739.8 $ 2,587.4 $ 7,825.5 $ 7,513.9 Operating income 418.2 387.4 979.5 918.8 Interest, net 45.5 36.5 128.8 103.3 Earn
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.