Strong Same Restaurant Sales Growth
Each segment delivered positive same restaurant sales, with Olive Garden at 4.7%, LongHorn Steakhouse at 5.9%, and other segments also showing growth. Industry outperformance was noted, with same restaurant sales exceeding the industry benchmark by 300 basis points.
Expansion and New Openings
Darden opened 17 new restaurants during the quarter, contributing an additional 40 operating weeks versus the plan. The company is on pace to exceed planned openings for the fiscal year.
Olive Garden Promotions Success
The Never Ending Pasta Bowl promotion was successful, driving positive same restaurant sales. Olive Garden also saw a double-digit increase in affordability perceptions from guests ordering from the lighter portions menu.
Record Guest Satisfaction Scores
Darden achieved record or near-record guest satisfaction scores across all brands, attributed to strong operational execution.
Financial Performance
Darden generated $3.1 billion in total sales, a 7% increase year-over-year. Adjusted earnings per share grew 2.5% compared to last year, and $396 million was returned to shareholders through dividends and share repurchases.