secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0000940944-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094423000031/0000940944-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094423000031/dri-20230620.htm
  HTML page:      https://secwatch.observer/filing/0000940944-23-000031

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