secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2022-09-22T23:59:59+00:00
Accession:  0000940944-22-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden Q1 EPS falls to $1.56 from $1.76; revenue up 6.1% to $2.4B; reaffirms FY2023 outlook
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- Diluted EPS of $1.56 vs $1.76 a year ago; revenue $2.4B (+6.1%).
- Blended same-restaurant sales +4.2%; Olive Garden +2.3%, LongHorn +4.2%.
- Board declared quarterly dividend of $1.21/share, payable Nov 1 to holders of record Oct 10.
- Repurchased ~1.7M shares for $199M; $912M remains under $1B authorization.
- Reaffirmed FY2023 outlook: sales $10.2-10.4B, EPS $7.40-8.00, 55-60 new restaurants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094422000047/0000940944-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094422000047/dri-20220922.htm
  HTML page:      https://secwatch.observer/filing/0000940944-22-000047

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