secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2022-06-23T23:59:59+00:00
Accession:  0000940944-22-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden Q4 sales up 14.2% to $2.6B; EPS $2.24; dividend raised 10%; new $1B buyback; FY23 EPS guidance $7.40-$8.00
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- Total sales $2.60B (+14.2%); same-restaurant sales +11.7%: Olive Garden +6.5%, LongHorn +10.6%, Fine Dining +34.5%.
- Reported diluted EPS $2.24 (vs $2.79 prior year); net earnings $282M; EBITDA $431M.
- Quarterly dividend increased 10% to $1.21/share, payable Aug 1, 2022 to holders of record July 8, 2022.
- Board authorized new $1B share repurchase program (no expiration); Q4 repurchases $237M (1.8M shares).
- FY2023 outlook: total sales $10.2-$10.4B, same-store sales +4-6%, diluted EPS $7.40-$8.00, inflation ~6%, 55-60 new restaurants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094422000032/0000940944-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094422000032/dri-20220623.htm
  HTML page:      https://secwatch.observer/filing/0000940944-22-000032

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