Darden Q4 sales rise 6.8% to $3.0B; raises dividend 6.9%; FY2025 EPS guidance $9.40-$9.60

DARDEN RESTAURANTS INC

2024-FY EPS reported $8.51 revenue$11,390,000,000

Total sales up 6.8% to $3.0B in Q4; FY sales $11.4B (+8.6%); same-restaurant sales flat in Q4.
Adjusted diluted EPS from continuing ops $2.65 (+2.7% YoY) in Q4; FY $8.88 (+11.0% YoY).
Quarterly dividend increased 6.9% to $1.40 per share, payable Aug 1, 2024 to holders of record July 10.
FY2025 outlook: EPS $9.40-$9.60, sales $11.8-$11.9B, same-restaurant sales growth 1%-2%, 45-50 new openings.
LongHorn Steakhouse same-restaurant sales +4.0% in Q4; Olive Garden -1.5%; Fine Dining -2.6%.

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