Darden Restaurants Q2 sales up 37% to $2.27B; EPS $1.48; raises hourly min to $12; declares $1.10 dividend

DARDEN RESTAURANTS INC

2022-Q2 EPS reported $3.23 revenue$4,578,200,000

Total sales $2.27B (+37% YoY); diluted EPS $1.48 vs $0.74; EBITDA $335M.
Consolidated same-restaurant sales +34.4%; Fine Dining +61.6%, Olive Garden +29.3%.
Board declared $1.10 quarterly dividend, payable Feb 1, 2022 to record Jan 10.
Repurchased 1.8M shares for $266M; $761M remaining under buyback authorization.
Updated FY2022 outlook: sales $9.55-9.70B, EPS $7.35-7.60, EBITDA $1.55-1.60B.

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