Darden Restaurants — Jun 24, 2026 release

Share Repurchase Program During the quarter, the Company repurchased approximately 0.7 million shares of its common stock for a total of $138 million 4 . In addition, on Wednesday, June 24, 2026, Darden’s Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $1.5 billion of its outstanding common stock. This repurchase program does not have an expiration and replaces the previously existing share repurchase authorization. “Our strong operating model generates significant and durable cash flows,” said Darden CFO Raj Vennam. “Since 2019, we have delivered 9% annualized adjusted EBITDA growth. This consistent cash generation provides more than sufficient capacity each year to fund the core requirements of the business, including maintenance capital to sustain our existing asset base, continued growth of our dividend, and investment in new restaurant development.” Fiscal 2027 Financial Outlook Below is the full year financial outlook for fiscal 2027. We will provide more details during our investor conference call scheduled for this morning at 8:30 am ET. • Total sales of $13.60 billion to $13.75 billion • Same-restaurant sales 5 growth of 2.5% to 3.5% 2 • New restaurant openings of 75 to 80 • Total capital spending of approximately $875 million • Total inflation of approximately 3.0% • An effective tax rate of approximately 13.5% • Diluted net earnings per share from continuing operations of $11.10 to $11.35 • EBITDA of $2.26 to $2.29 billion 2 • App