secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2021-09-23T23:59:59+00:00
Accession:  0000940944-21-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden Q1 sales $2.31B (+51%), EPS $1.76, raises FY2022 outlook, adds $750M buyback
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- Reported diluted EPS from continuing ops of $1.76 vs $0.28 last year; sales rose 51% to $2.31B.
- Blended same-restaurant sales increased 47.5%; Olive Garden +37.1%, LongHorn +47.0%, Fine Dining +84.6%.
- Quarterly dividend declared of $1.10 per share, payable Nov 1 to holders of record Oct 8.
- Board authorized additional $750M share repurchase, bringing total remaining authorization to ~$1B; Q1 buyback of $186M.
- FY2022 outlook raised: total sales $9.4-9.6B; diluted EPS $7.25-$7.60; EBITDA $1.54-1.60B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094421000053/0000940944-21-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094421000053/dri-20210923.htm
  HTML page:      https://secwatch.observer/filing/0000940944-21-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer