Darden Restaurants Reaffirms FY2027 Earnings Guidance Amid Expansion Plans
Darden Restaurants (NYSE:DRI) reaffirmed its fiscal year 2027 earnings per share guidance of $11.10 to $11.35 during a recent management call, citing strong performance across all segments in the first quarter. CEO Ricardo Cardenas noted that each segment delivered positive same-restaurant sales and described Q1 as a solid start for fiscal '27. The company also highlighted its expansion plans at Yard House, with 13 new locations expected to open this year. This growth strategy is seen as part of Darden's broader efforts to drive long-term value through both operational performance and strategic development.
Tickers: $DRI
Topics: Q1 earnings call restaurant industry same-restaurant sales