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Darden Restaurants (DRI) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKSยท 2025-09-18 14:31
Financial Performance - Darden Restaurants reported revenue of $3.04 billion for the quarter ended August 2025, reflecting a year-over-year increase of 10.4% [1] - Earnings per share (EPS) for the quarter was $1.97, up from $1.75 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate by 0.17%, while the EPS fell short of the consensus estimate of $2.00 by 1.5% [1] Key Metrics - Total company-owned restaurants stood at 2,165, slightly below the average estimate of 2,167 by nine analysts [4] - Same-restaurant sales for LongHorn Steakhouse increased by 5.5%, compared to the average estimate of 5.8% [4] - Same-restaurant sales for Olive Garden rose by 5.9%, slightly below the average estimate of 6.1% [4] - Consolidated same-restaurant sales increased by 4.7%, surpassing the average estimate of 4.4% [4] Sales Breakdown - Olive Garden generated sales of $1.3 billion, close to the average estimate of $1.31 billion, marking a year-over-year increase of 7.6% [4] - Other Business sales reached $680.7 million, exceeding the average estimate of $664.65 million, representing a year-over-year change of 22.5% [4] - Fine Dining sales were reported at $286.5 million, slightly below the average estimate of $289.03 million, with a year-over-year increase of 2.7% [4] - LongHorn Steakhouse sales amounted to $776.4 million, compared to the average estimate of $782.66 million, reflecting an 8.8% year-over-year increase [4] Stock Performance - Darden Restaurants' shares returned +0.6% over the past month, while the Zacks S&P 500 composite increased by +2.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]