---
schema_version: "secwatch.filing_event.v1"
accession: "0000940944-23-000031"
form_type: "8-K"
ticker: "DRI"
cik: "0000940944"
company_name: "DARDEN RESTAURANTS INC"
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T19:37:58.759117+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Darden Q4 sales $2.8B (+6.4%), EPS $2.58 (+15.2%); raises dividend 8%; chairman to retire

## Summary
- Q4 diluted EPS $2.58, up 15.2% YoY; full-year EPS $8.00, up 8.1%
- Q4 same-restaurant sales: Olive Garden +4.4%, LongHorn +7.1%, Fine Dining -1.9%
- Quarterly dividend raised 8% to $1.31/share; payable Aug 1, record July 10
- Fiscal 2024 outlook: sales $11.5–11.6B, adjusted EPS $8.55–8.85 (excl. Ruth's Chris costs)
- Chairman Eugene Lee will not stand for reelection; Board reduces to nine members

## SEC filing metadata
- accession: 0000940944-23-000031
- form_type: 8-K
- ticker: DRI
- cik: 0000940944
- company_name: DARDEN RESTAURANTS INC
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/940944/000094094423000031/0000940944-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/940944/000094094423000031/dri-20230620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000940944-23-000031
- JSON: https://secwatch.observer/filing/0000940944-23-000031.json
- Plain text: https://secwatch.observer/filing/0000940944-23-000031.txt

## Key facts
- Earnings Releases
  DARDEN RESTAURANTS INC reported fourth quarter and fiscal year ended May 28, 2023 results: revenue $2.8 billion, EPS $2.58.
  - Period: fourth quarter and fiscal year ended May 28, 2023
  - Revenue: $2.8 billion
  - EPS: $2.58
  - Result: reported results
  source text: today reported its financial results for the fourth quarter and fiscal year ended May 28, 2023. Fourth Quarter 2023 Financial Highlights • Total sales increased 6.4% to $2.8 billion driven by a blended same-restaurant sales increase of 4.0% and sales from 47 net new restaurants • Same-restaurant sales: Consolidated Darden 4.0% Olive Garden 4.4% LongHorn
  evidence_url: https://www.sec.gov/Archives/edgar/data/940944/000094094423000031/0000940944-23-000031-index.htm
- Executive change
  Eugene I. Lee, Jr. departed as Chairman of the Board at DARDEN RESTAURANTS INC.
  - Action: retire
  - Role: Chairman of the Board
  source text: On June 20, 2023, Eugene I. Lee, Jr., a director and Chairman of the Board of Directors of the Company (the Board), informed the Board that he will not stand for re-election to the Board at the Company’s 2023 annual meeting of shareholders and that he will retire from service as a director of the Company at the end of the 2023 annual meeting of shareholders, scheduled for September 20, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/940944/000094094423000031/0000940944-23-000031-index.htm

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