Darden Reports Q1 2027 Earnings with Sales and EPS Growth
Darden Restaurants (NYSE: DRI) reported first-quarter results for fiscal year 2027, showing total sales of $3.2 billion—a 5.1% increase driven by same-restaurant sales growth and the addition of new locations. Diluted net earnings per share rose to $2.05, up 4.1% from last year's adjusted figures. The company saw strong performance across its restaurant brands: LongHorn Steakhouse achieved a record 6.8% same-restaurant sales increase for the 22nd consecutive quarter, while Yard House grew by 10%. Olive Garden faced challenges due to consumer concerns over lettuce and World Cup-related traffic shifts but still managed modest growth. Despite these headwinds, Darden maintained its full-year guidance of $11.10–$11.35 in EPS for fiscal 2027. The company also returned value to shareholders through dividends and share repurchases totaling $406 million.
Tickers: $DRI
Topics: financial_performance same-restaurant_sales_growth shareholder_returns