Darden Restaurants Inc (NYSE:DRI) reported mixed fiscal fourth quarter results on Thursday, with adjusted earnings slightly exceeding Wall Street expectations while revenue came in just below analyst estimates.
For the quarter ended May 31, 2026, Darden reported adjusted earnings per share from continuing operations of $3.66, topping the consensus estimate of $3.63
Revenue rose 13.7% year over year to $3.72 billion but fell short of analysts’ expectations of $3.73 billion. The company said sales growth was driven by an extra week of operations, which contributed 7.6% of additional sales, a blended same-restaurant sales increase of 4.6%, and the addition of 43 net new restaurants. Same-restaurant sales growth varied across Darden’s brands.
LongHorn Steakhouse posted the strongest performance with a 9.5% increase, while Olive Garden reported growth of 2.4%. Fine Dining same-restaurant sales rose 1.9%, trailing some market expectations, and Other Business segment sales increased 4.6%. During the quarter, Darden repurchased $138 million of its common stock.