secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0000940944-22-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden reports Q3 sales $2.45B (+41.3% YoY), EPS $1.93 vs $0.98; updates FY22 outlook
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- Total sales $2.45B (+41.3% YoY); diluted EPS $1.93 vs $0.98; blended same-restaurant sales +38.1%.
- Olive Garden same-restaurant sales +29.9%, LongHorn +31.6%, Fine Dining +85.8%.
- Declared quarterly dividend $1.10/share; repurchased 2.7M shares for $382M in Q3.
- Updated FY22 outlook: sales $9.55-$9.62B, EPS $7.30-$7.45; capex ~$425M.
- New CEO Ricardo Cardenas effective May 30; base salary $1M, target bonus 150%, equity grant $5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094422000014/0000940944-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094422000014/dri-20220323.htm
  HTML page:      https://secwatch.observer/filing/0000940944-22-000014

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