secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0000940944-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094424000026/0000940944-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094424000026/dri-20240618.htm
  HTML page:      https://secwatch.observer/filing/0000940944-24-000026

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