secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0000940944-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden posts Q3 sales up 6.8% to $3.0B; adjusted EPS $2.62 (+12%); authorizes $1B buyback
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- Total sales $3.0B (+6.8% YoY); blended same-restaurant sales -1.0%; LongHorn +2.3%, Olive Garden -1.8%.
- Reported diluted EPS $2.60; adjusted diluted EPS $2.62 (+12% YoY), excluding $0.02 Ruth's Chris costs.
- Board declared quarterly dividend of $1.31/share, payable May 1, 2024 to holders of record Apr 10.
- Authorized new $1B share repurchase program, replacing prior authorization; repurchased $33M in Q3.
- FY2024 outlook: sales ~$11.4B, adjusted EPS $8.80-$8.90, same-restaurant sales growth 1.5%-2.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094424000011/0000940944-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094424000011/dri-20240321.htm
  HTML page:      https://secwatch.observer/filing/0000940944-24-000011

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