secwatch.observer — SEC 8-K summary
======================================

Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0000940944-23-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden Q2 sales $2.7B +9.7%, adj. EPS $1.84 +21.1%, declares $1.31 dividend
---------------------------------------------------------------------------

- Total sales increased 9.7% to $2.7B; blended same-restaurant sales +2.8%; reported diluted EPS $1.76, adjusted $1.84 (+21.1% YoY).
- Olive Garden same-store sales +4.1%, LongHorn +4.9%; Fine Dining -1.7% (excluding Ruth's Chris).
- Board declared quarterly dividend $1.31/share, payable Feb 1, 2024 to holders of record Jan 10, 2024.
- Repurchased $181M of common stock in Q2; $328M remaining under $1B repurchase authorization.
- Updated FY2024 outlook: total sales ~$11.5B, same-store sales growth 2.5%-3.0%, adjusted EPS $8.75-$8.90.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094423000071/0000940944-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094423000071/dri-20231215.htm
  HTML page:      https://secwatch.observer/filing/0000940944-23-000071

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