Darden Restaurants reported strong sales growth, driven by Olive Garden and LongHorn Steakhouse. Fiscal second-quarter net income was $237.2 million, or $2.03 per share, up from $215.1 million a year earlier. Net sales rose 7.3% to $3.1 billion. Shares of the company rose over 4% in premarket trading.
Olive Garden and LongHorn Steakhouse both saw positive same-store sales growth. Olive Garden’s popular Never Ending Pasta Bowl promotion contributed to a 4.7% increase in same-store sales. LongHorn Steakhouse’s sales grew by 5.9%, outpacing Olive Garden’s growth rate.
Darden’s fine-dining segment, which includes Ruth’s Chris and The Capital Grille, reported a 0.8% increase in same-store sales. This growth contrasts with the broader fine-dining sector, which has struggled due to reduced consumer spending on dining out. Darden raised its full-year revenue growth outlook to 8.5% to 9.3%.
The company’s other business segment, which includes Cheddar’s Scratch Kitchen and Yard House, saw a 3.1% increase in same-store sales. Darden reiterated its adjusted earnings forecast of $10.50 to $10.70 per share for fiscal 2026, which includes a 53rd week contributing about 2% to total sales growth.
Read more at CNBC: Darden Restaurants (DRI) Q2 2026 earnings
