Darden Restaurants — Mar 19, 2026 release
Fiscal 2026 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000940944-26-000005
Showing in the filing
Remaining share repurchase authorization
“$516 million”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 13
Quarterly cash dividend declared for FY2026
“$1.50 per share”
Quarterly cash dividend
“$1.50 per share”
Remaining share repurchase authorization
“$516 million”
Total sales growth for FY2026
“approximately 9.5%, 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
“approximately 4.5%”
Total capital spending for FY2026
“$750 to $775 million”
Total inflation for FY2026
“approximately 3.5%”
Effective tax rate for FY2026
“approximately 12.5%”
53rd week impact on adjusted diluted net ear… for FY2026
“Approximately $0.25”
Adjusted diluted net earnings per share from… for FY2026
“Approximately $0.25”
Weighted average diluted shares outstanding for FY2026
“Approximately 116.5 million”
Adjusted diluted net earnings per share from… for FY2026
“$10.57 to $10.67”
Exhibit 99.1 · the passage around this item
… earlier in the release
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: ◦ Approximately $0.25 related to the addition of the 53rd week • Approximately 116.5 million weighted average diluted shares outstanding 5 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 Bahama Breeze as all locations are expected
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.