DRI Misses Sales

Darden Restaurants, Inc. (NYSE: DRI ) reported its financial results on Thursday for the fourth quarter and fiscal year ended May 31. 63 per share. 98 per share from the same period last year.

728 billion, according to Pro. 6% increase in blended same-restaurant sales, and contributions from 43 net new restaurants. 5 million, down from $240 million last year. “The fourth quarter was a strong finish to an excellent year, one in which we significantly outperformed the industry,” said Darden President and CEO Rick Cardenas.

Read Also: CAVA Is Lapping Every Restaurant Rival — And Its Outlook Just Got Better Darden Restaurants Fiscal 2027 Financial Outlook Darden issued its full-year financial outlook for fiscal 2027. 718 billion. The company plans 75 to 80 new restaurant openings with total capital spending of approximately $875 million. 5%.

37. 29 billion, based on approximately 114 million weighted average diluted shares outstanding. 62 per share, representing an 8% increase from the third quarter of fiscal 2026. The dividend is payable on August 3 to shareholders of record on July 10.

7 million shares of common stock for $138 million. 5 billion, replacing the previous authorization and carrying no expiration date. “Our strong operating model generates significant and durable cash flows,” said Darden CFO Raj Vennam. 6% during the quarter.

6%. 54. 66. The extra week of operations contributed 25 cents to both metrics.

30 during premarket trading on Thursday, according to Pro data. Photo by JHVEPhoto via Shutterstock Read Also: McDonald's Stock Hits 52-Week Lows: High Gas Prices Could Make Things Worse