Recent events
Recent events tied to this brand in public sources.
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2026
Darden Restaurants reports fiscal Q1 2027 earnings and revenue below expectations as Olive Garden growth slows
On Thursday, Darden Restaurants reported fiscal first-quarter 2027 earnings and revenue that narrowly missed analysts' expectations, with EPS of $2.05 versus $2.06 expected and revenue of $3.20 billion versus $3.21 billion expected. Net income fell to $233.4 million from $257.8 million a year earlier, while net sales rose 5.1% to $3.20 billion and same-store sales grew 3.1%. Olive Garden's same-store sales rose 1.1% as its growth slowed, while LongHorn Steakhouse led the portfolio with 6.2% same-store sales growth. Shares fell as much as 5% in premarket trading before paring losses to about 2% after executives reassured investors on the earnings call, citing short-term pressure from consumer cyclospora concerns and the World Cup. The company also reiterated its fiscal 2027 forecast of $13.60 billion to $13.75 billion in total sales.
2021
Darden reports fiscal Q4 results and raises dividend
Darden Restaurants reported fiscal Q4 results, with revenue and earnings exceeding analysts’ expectations, and increased its quarterly cash dividend.
2021
One Fair Wage sues Darden over wage policies
One Fair Wage filed a lawsuit against Darden Restaurants, alleging that its tipped-wage policies increase sexual harassment and contribute to wage disparities across racial groups. Darden responded that the lawsuit's objections concern wage laws, not its practices, and said it has policies against harassment and discrimination.
2020
Darden announces pricing of public stock offering
Darden Restaurants announced that it had priced a public offering of 7,826,087 common shares at $58.50 per share. It said it intended to use the net proceeds for general corporate purposes; the offering was expected to close on April 23, 2020.