Strong Fiscal Year-End Performance
Darden Restaurants reported a 10.6% increase in total sales to $3.3 billion for the fourth quarter, driven by a 4.6% growth in same-restaurant sales and the acquisition of 103 Chuy's restaurants.
Olive Garden's Impressive Growth
Olive Garden's same-restaurant sales grew by 6.9%, outperforming the industry benchmark by 390 basis points. The brand achieved record guest satisfaction scores and saw a 20% increase in takeout sales.
LongHorn Steakhouse Milestone
LongHorn Steakhouse reported a 5.1% increase in same-restaurant sales for the fiscal year, surpassing $3 billion in total sales for the first time.
Positive Financial Metrics
Adjusted diluted net earnings per share increased by 12.5% to $2.98, with adjusted EBITDA reaching $582 million. The company returned $215 million to shareholders through dividends and share repurchases.
Expansion and New Developments
Darden announced plans to open 60 to 65 new restaurants in fiscal 2026, with significant contributions expected from Olive Garden and LongHorn.