Earnings

Darden Restaurants beats earnings expectations, predicts growth for fiscal year 2026; shares rise 2%.

by Market News Data

From CNBC: 2025-06-20 08:16:00

Darden Restaurants beat Wall Street’s earnings and revenue estimates, predicting solid growth for fiscal year 2026. Shares rose more than 2% in premarket trading. Earnings per share were $2.98 adjusted vs. $2.97 expected, with net income at $303.8 million for the fiscal fourth quarter. Net sales rose 10.6% to $3.3 billion.

The company’s same-store sales rose 4.6%, exceeding estimates, with a forecast for revenue growth of 7% to 8% for the full fiscal year 2026. Despite consumer spending concerns, CEO Rick Cardenas remains optimistic about continued growth and shareholder value. Olive Garden and LongHorn Steakhouse reported strong same-store sales growth.

Darden’s fine dining segment saw a same-store sales decline of 3.3%, while the remaining segment, including Cheddar’s Scratch Kitchen, had a 1.2% growth. Cheddar’s recently piloted on-demand delivery through a partnership with Uber Direct. The company also authorized a $1 billion share repurchase program, with stock up about 19% year-to-date.



Read more at CNBC:: Darden Restaurants DRI Q4 2025 earnings

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