secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0000940944-23-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094423000012/0000940944-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094423000012/dri-20230323.htm
  HTML page:      https://secwatch.observer/filing/0000940944-23-000012

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