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Darden Restaurants — Mar 19, 2026 release

Fiscal 2026 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000940944-26-000005
Open on SEC.gov ↗
Showing in the filing
Total inflation
“approximately 3.5%”
Period
FY2026
Measure
Company-defined measure
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
• 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 to be closed or converted to other brands (between Q3 fiscal 2026 and Q4 fiscal 2027). Investor Conference Call The Company will host a conference call today, Thursday, March 19, 2026, at 8:30 am ET to review its recent financial performance, which will be available via a live webcast through the Company's Investor Relations website at investor.darden.com . Please allow extra time prior to the call to visit the site and download any software required to listen to the webcast. Supplemental materials will be available on the Investor Relations website prior to the start of the conference call. For those who cannot listen to the live broadcast, a rep
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.