Darden Restaurants — Mar 19, 2026 release

3 Non-cash asset impairment charges primarily related to the closures of Bahama Breeze locations expected to occur in the fourth quarter of fiscal 2026. 4 See the "Non-GAAP Information" below for more details. Dividend Declared Darden's Board of Directors declared a quarterly cash dividend of $1.50 per share on the Company's outstanding common stock. The dividend is payable on May 1, 2026, to shareholders of record at the close of business on April 10, 2026. Share Repurchase Program During the quarter, the Company repurchased approximately 0.7 million shares of its common stock for a total of $127 million. As of the end of the third quarter of fiscal 2026, the Company had $516 million remaining under the current $1 billion repurchase authorization. Fiscal 2026 Financial Outlook The Company updated its full year financial outlook for fiscal 2026, which includes a 53rd week. This outlook includes the impact of the additional week. We will provide additional details during our investor conference call scheduled for this morning at 8:30 am ET. • Total sales growth of approximately 9.5%, including approximately 2% growth related to the 53rd week • Same-restaurant sales 5 growth of approximately 4.5% • New restaurant openings of approximately 70 • Total capital spending of $750 to $775 million • Total inflation of approximately 3.5% • An effective tax rate of approximately 12.5% • Adjusted diluted net earnings per share from continuing operations of $10.57 to $10.67 4 , including: ◦ Approxi