secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0000940944-24-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden Q1 FY2025 EPS $1.75 adj, sales $2.76B, reiterates FY2025 outlook
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- Reported diluted EPS $1.74; adjusted EPS $1.75 (excl. $0.01 Chuy's costs), down 1.7% YoY.
- Blended same-restaurant sales -1.1%; Olive Garden -2.9%, LongHorn +3.7%, Fine Dining -6.0%.
- Total sales $2.76B (+1.0%); segment profit: Olive Garden $249M, LongHorn $127.6M, Fine Dining $37.6M.
- Board declared $1.40/share quarterly dividend (payable Nov 1); repurchased $172M in shares during Q1.
- Reiterated FY2025 EPS guidance $9.40-$9.60 (excl. Chuy's); CFO cites sales trend improvement after July softness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094424000044/0000940944-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094424000044/dri-20240919.htm
  HTML page:      https://secwatch.observer/filing/0000940944-24-000044

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