Darden Restaurants — Jun 13, 2025 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000940944-25-000028
Showing in the filing
Effective tax rate
“approximately 13%”
Period
FY2026
Measure
GAAP-tied
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
… earlier in the release
• Total sales growth of 7% to 8%, including approximately 2% growth related to the 53rd week • Same-restaurant sales 4 growth of 2% to 3.5% • New restaurant openings of 60 to 65 2 • Total capital spending of $700 to $750 million • Total inflation of 2.5% to 3.0% • An effective tax rate of approximately 13% • Diluted net earnings per share from continuing operations of $10.50 to $10.70, including: ◦ Approximately $0.20 related to the addition of the 53rd week • Approximately 117 million weighted average diluted shares outstanding 4 Annual same-restaurant sales is a 52-week metric and excludes the impact of Chuy’s, which will not have been owned and operated by Darden for a 16-month period prior to the beginning of Fiscal 2026, as well as any additional locations not expected to be operated by Darden for the entirety of the fiscal year. Annual Meeting of Shareholders Darden will hold its Annual Meeting of Shareholders on September 17, 2025. The meeting will be held in a virtual format only. The record date for shareholders to vote in the Annual Meeting is July 23, 2025. Investor Conference Call The Company will host a conference call and slide presentation on Friday, June 20, 2025 at 8:30 am ET to review its recent financial performance. To listen to the call live, please go to https://event.choruscall.com/mediaframe/webcast.html?webcastid=7QyRH4t8. Please allow extra time prior to the call to visit the site and download any software required to listen to the webcast. Prior to the cal
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.