---
schema_version: "secwatch.filing_event.v1"
accession: "0000940944-23-000012"
form_type: "8-K"
ticker: "DRI"
cik: "0000940944"
company_name: "DARDEN RESTAURANTS INC"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T20:29:53.558006+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Darden Q3 sales $2.8B (+13.8%), EPS $2.34 (+21.2%), raises FY2023 EPS guidance to $7.85-8.00

## Summary
- Total sales $2.79B (+13.8% YoY); blended same-restaurant sales +11.7% (Olive Garden +12.3%, LongHorn +10.8%).
- Diluted EPS $2.34, up 21.2% from $1.93; net earnings increased to $290M from $244M last year.
- Board declared $1.21/share quarterly dividend, payable May 1, 2023 to holders of record April 10, 2023.
- Repurchased $124M in common stock (~0.87M shares) in Q3; $687M remaining under $1B authorization.
- Updated FY2023 outlook: sales $10.45-10.5B, same-restaurant sales +6.5-7%, diluted EPS $7.85-8.00.

## SEC filing metadata
- accession: 0000940944-23-000012
- form_type: 8-K
- ticker: DRI
- cik: 0000940944
- company_name: DARDEN RESTAURANTS INC
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/940944/000094094423000012/0000940944-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/940944/000094094423000012/dri-20230323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000940944-23-000012
- JSON: https://secwatch.observer/filing/0000940944-23-000012.json
- Plain text: https://secwatch.observer/filing/0000940944-23-000012.txt

## Key facts
- Earnings Releases
  DARDEN RESTAURANTS INC reported the third quarter ended February 26, 2023 results: revenue $2.8 billion, EPS $2.34.
  - Period: the third quarter ended February 26, 2023
  - Revenue: $2.8 billion
  - EPS: $2.34
  - Result: reported results
  source text: Third Quarter 2023 Financial Highlights • Total sales increased 13.8% to $2.8 billion driven by a blended same-restaurant sales increase of 11.7% and sales from 35 net new restaurants • Same-restaurant sales: Consolidated Darden 11.7% Olive Garden 12.3% LongHorn Steakhouse 10.8% Fine Dining 11.7% Other Business 11.7% • Reported diluted net earnings per share increased 21.2% to $2.34 as compared to last year's reported diluted net earnings per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/940944/000094094423000012/0000940944-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.