Darden Q2 sales up 9.4% to $2.49B; EPS $1.52; updates FY23 outlook $7.60-$8.00

DARDEN RESTAURANTS INC

2023-Q2 EPS reported $3.08 revenue$4,932,600,000

Total sales $2.49B (+9.4%); blended same-restaurant sales +7.3%.
Reported diluted EPS $1.52 (+2.7% vs. $1.48 prior year).
Olive Garden segment profit $218.9M, down from $235.1M; LongHorn profit up.
Quarterly dividend $1.21 per share, payable Feb 1, 2023; $100M share repurchase in Q2.
FY23 guidance: sales $10.3-10.45B, EPS $7.60-$8.00, 55-60 new restaurants.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

DARDEN RESTAURANTS INC reported the second quarter ended November 27, 2022 results: revenue $2.49 billion, net income $1.52, EPS $1.52.

Period: the second quarter ended November 27, 2022
Revenue: $2.49 billion
Net income: $1.52
EPS: $1.52
Result: reported results

Exact text from the filing

Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the second quarter ended November 27, 2022. Second Quarter 2023 Financial Highlights • Total sales increased 9.4% to $2.49 billion driven by a blended same-restaurant sales increase of 7.3% and sales from 35 net new restaurants • Same-restaurant sales: Consolidated Darden 7.3% Olive Garden 7.6% LongHorn Steakhouse 7.3% Fine Dining 5.9% Other Business 7.1% • Reported diluted net earnings per share increased 2.7% to $1.52

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Source: SEC EDGAR

accession 0000940944-22-000077

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