Darden reaffirmed all aspects of its FY2027 outlook, removing any near-term catalyst from guidance revision. The stock's next meaningful catalyst is the Q2 earnings report in December. Monitor consumer spending trends and Olive Garden/LongHorn traffic data for signs of deceleration.
Price Chart
Executive Summary
Darden Restaurants reported fiscal Q1 2027 results with total sales up 5.1% to $3.2 billion and blended same-restaurant sales growth of 3.1%. Reported diluted EPS was $2.05, a 4.1% increase from last year's adjusted EPS, and the company reaffirmed its full-year fiscal 2027 outlook of $11.10-$11.35 EPS. The quarter was solid but in line with expectations, with no guidance change and a continued aggressive share repurchase program.
Key Financial Metrics
Key Facts
- Total sales increased 5.1% to $3.2 billion in Q1 2027
- Blended same-restaurant sales grew 3.1% on a fiscal calendar basis
- Reported diluted EPS from continuing operations was $2.05, up 4.1% vs prior year adjusted EPS
- Company repurchased $222.3 million of common stock during the quarter
- Reaffirmed full-year fiscal 2027 outlook: EPS $11.10-$11.35, sales $13.60-$13.75 billion
- Quarterly dividend maintained at $1.62 per share
Financial Impact
Q1 sales $3.2B vs $3.0447B prior year; EPS $2.05 vs $1.97 adjusted prior year; $1.3B remaining under $1.5B buyback authorization
Risk Factors
- Consumer spending slowdown could pressure restaurant traffic and same-store sales
- Labor cost inflation and food cost volatility remain headwinds
- Olive Garden same-restaurant sales growth slowed to 1.1% (fiscal calendar), below the blended average
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000940944-26-000032 |
| Document: dri-20260924.htm | 0000940944-26-000032 |
| Document: 0000940944-26-000032-index-headers.html | 0000940944-26-000032 |
| Document: 0000940944-26-000032-index.html | 0000940944-26-000032 |
| Document: 0000940944-26-000032.txt | 0000940944-26-000032 |
| 8-K Data (Synthetic) | 0000940944-26-000032 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $213.25 | awaiting T+20 | — | $213.96 (+0.33%) |
Oct 6, 2026 21d ago | 144 | $201.49 | awaiting T+20 | — | $213.96 (+6.19%) |
Sep 24, 2026 4w ago | 8-K | $207.24 $217.56 | ▲ +4.98% | ▲ +5.40% | $213.96 (+3.24%) |
Sep 24, 2026 4w ago | Press Release | $207.24 $217.56 | ▲ +4.98% | ▲ +5.40% | $213.96 (+3.24%) |
Aug 27, 2026 8w ago | Press Release | $215.63 $197.02 | ▼ −8.63% | ▼ −8.89% | $213.96 (−0.77%) |
Aug 10, 2026 11w ago | DEFA14A | $217.97 $212.92 | ▼ −2.32% | ▼ −1.40% | $213.96 (−1.84%) |
Aug 7, 2026 11w ago | Insider Cluster | $213.76 $216.88 | ▼ −1.46% | ▼ −1.86% | $213.96 (−0.09%) |
Aug 4, 2026 12w ago | Insider Cluster | $204.57 $215.56 | ▲ +5.37% | ▲ +6.61% | $213.96 (+4.59%) |
Jul 30, 2026 12w ago | Insider Cluster | $203.58 $215.63 | ▲ +5.92% | ▲ +2.93% | $213.96 (+5.10%) |
Jul 21, 2026 14w ago | Institutional Cluster | $193.39 $218.86 | ▲ +13.17% | ▲ +10.61% | $213.96 (+10.64%) |
US Market Status
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