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Darden Restaurants — Jun 13, 2025 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000940944-25-000028
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Showing in the filing
Share Repurchase Program authorization
“$1 billion”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 14
Share Repurchase Program authorization
“$1 billion”
Quarterly cash dividend
“$1.50 per share”
Long-term Total Shareholder Return framework for the long term
“10-15%”
Total sales growth for FY2026
“7% to 8%, including approximately 2% growth related to the 53rd week”
Total sales growth related to the 53rd week for FY2026
“approximately 2%”
Same-restaurant sales growth for FY2026
“2% to 3.5%”
New restaurant openings for FY2026
“60 to 65”
Total capital spending for FY2026
“$700 to $750 million”
Total inflation for FY2026
“2.5% to 3.0%”
Effective tax rate for FY2026
“approximately 13%”
Diluted net earnings per share from continui… for FY2026
“$10.50 to $10.70”
53rd week impact on diluted net earnings per… for FY2026
“Approximately $0.20”
Diluted EPS impact from the 53rd week for FY2026
“Approximately $0.20”
Weighted average diluted shares outstanding for FY2026
“Approximately 117 million”
Exhibit 99.1 · the passage around this item
Exhibit 99.1 Darden Restaurants Reports Fiscal 2025 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Provides Fiscal 2026 Outlook ORLANDO, Fla., June 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 25, 2025.   Fourth Quarter 2025 Financial Highlights • Total sales increased 10.6% to $3.3 billion driven by a blended same-restaurant sales 1 increase of 4.6% and sales from the acquisition of 103 Chuy's Tex Mex (Chuy's) restaurants and 25 net new restaurants • Same-restaurant sales: Consolidated Darden 1 4.6% Olive Garden 6.9% LongHorn Steakhouse 6.7% Fine Dining (3.3)% Other Business 1 1.2% • Reported diluted net earnings per share from continuing operations were $2.58 • Excluding $0.40 of Chuy's transaction and integration related costs and costs from restaurant closures, adjusted diluted net earnings per share from continuing operations were $2.98, an increase of 12.5% 3 • The Company repurchased $51 million of its outstanding common stock Fiscal 2025 Financial Highlights • Total sales increased 6.0% to $12.1 billion driven by a blended same-restaurant sales 1, 2 increase of 2.0% and sales from the acquisition of 103 Chuy's restaurants and 25 net new res
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other guidance in this release
Text is the filed exhibit, verbatim.