Darden Restaurants — Mar 19, 2026 release

(Analysts) Courtney Aquilla, (407) 245-5054; (Media) Rich Jeffers, (407) 245-4189 3 Fiscal Q3 Reported to Adjusted Earnings Reconciliation Q3 2026 Q3 2025 $ in millions, except per share amounts Earnings Before Income Tax Income Tax Expense Net Earnings Diluted Net Earnings Per Share Earnings Before Income Tax Income Tax Expense Net Earnings Diluted Net Earnings Per Share Reported Earnings from Continuing Operations $ 356.8   $ 46.2   $ 310.6   $ 2.68   $ 372.7   $ 49.0   $ 323.7   $ 2.74   % Change vs Prior Year (2.2)% Total Adjustments: $ 31.3   $ 0.7   $ 30.6   $ 0.27   $ 8.4   $ 1.9   $ 6.5   $ 0.06   Closed restaurant and other strategic review costs 2 6.6  1.6  5.0  0.05  —  —  —  —  General and administrative expenses 5.8  1.4  4.4  0.04  —  —  —  —  Depreciation and amortization 0.8  0.2  0.6  0.01  —  —  —  —  Impairment due to restaurant closures 3 24.7  6.2  18.5  0.16  —  —  —  —  Income tax adjustments and benefits —  (7.1) 7.1  0.06  —  —  —  —  Chuy's integration related one-time costs $ —  $ —  $ —  $ —  $ 8.4  $ 1.9  $ 6.5  $ 0.06  Adjusted Earnings from Continuing Operations $ 388.1   $ 46.9   $ 341.2   $ 2.95   $ 381.1   $ 50.9   $ 330.2   $ 2.80   % Change vs Prior Year 5.4% Reconciliation of Fiscal 2026 Reported to Adjusted Earnings Outlook   2026 Reported diluted net earnings per share from continuing operations $10.40 to $10.50 Chuy's transaction and integration related costs 0.06 0.06 Closed restaurant and other strategic review costs 2 0.15 0.15 Impairment due to restaurant closures 3 0.16 0.16 Gain on Olive Garden Canada sale (0.26) (0.26) Income tax adjustments and benefits $0.06 $0.06 Adjusted diluted net earnings per share from continuing operations $10.57 to $10.67 Darden Restaurants, Inc. Number of Company-Owned Restaurants 2/22/26 2/23/25 Olive Garden 944  927  LongHorn Steakhouse 608  586  Cheddar's Scratch Kitchen 184  182  Chuy's 108  106  Yard House 92  89  Ruth's Chris Steak House 82  82  The Capital Grille 73  71  Seasons 52 45  45  Eddie V's 30  30  Bahama Breeze 27  43  The Capital Burger 3  4  Darden Continuing Operations 2,196   2,165   4 DARDEN RESTAURANTS, INC. CONSOLIDATED STATEMENTS OF EARNINGS (In millions, except per share data) (Unaudited)   Three Months Ended Nine Months Ended   2/22/2026 2/23/2025 2/22/2026 2/23/2025 Sales $ 3,345.3  $ 3,158.0  $ 9,492.1  $ 8,805.0  Costs and expenses: Food and beverage 1,026.7  953.6  2,919.5  2,673.1  Restaurant labor 1,046.9  995.0  3,035.0  2,811.1  Restaurant expenses 528.7  501.0  1,541.2  1,426.9  Marketing expenses 39.4  35.4  137.2  128.9  Pre-opening costs 8.8  6.1  22.8  16.1  General and administrative expenses 121.5  116.7  375.4  387.2  Depreciation and amortization 141.8  131.9  414.8  381.1  Impairments and (gain) loss on disposal of assets, net 25.1  0.1  (19.8) 1.1  Total operating costs and expenses $ 2,938.9  $ 2,739.8  $ 8,426.1  $ 7,825.5  Operating income 406.4  41