Form 8-K · Current Report · Filed 2024-06-20
Darden Restaurants Reports Fiscal 2024 Results and Provides Fiscal 2025 Outlook
Darden Restaurants, Inc. reported its fiscal 2024 fourth-quarter and full-year results on June 20, 2024. The company achieved total sales of $3.0 billion for Q4 and $11.4 billion for the full year, with diluted net earnings per share of $2.58 for Q4 and $8.53 for the full year. Darden also provided a fiscal 2025 outlook with expected total sales between $11.8 to $11.9 billion and diluted net earnings per share between $9.40 to $9.60. The Board approved amendments to the Bylaws to make references gender-neutral. Financial exhibits are furnished with this report.
- Filer
- Darden Restaurants Inc. DRI · NYSE
- Filed
- Accession
- 0000940944-24-000026
- CIK
- 0000940944
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Amendments to Articles of Incorporation or Bylaws
Financial Statements and Exhibits
Market reaction
Close before filing
$151.96
Next session
+0.9%
Since filing
+34.0%
Latest close
$203.58
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from DRI reporting the same item, with the next session's move:
Exhibits (2)
About Darden Restaurants Inc.
Darden Restaurants Inc. holds a prominent position in the U.S. restaurant industry as an owner and operator of several well-known dining chains. Its primary function is to deliver dining experiences through its diverse brand portfolio, which includes iconic names like Olive Garden, LongHorn Steakhouse, and The Capital Grille. These brands cater to a wide range of customer preferences, offering everything from casual Italian-American meals to upscale steakhouse dining. Darden Restaurants is notable for its emphasis on quality food and customer service. It plays a crucial role in the restaurant sector, influencing dining trends and consumer choices across the nation. As a major player, Darden's operational strategies and economic performance significantly impact the hospitality and food service industries, making it a bellwether for restaurant sector dynamics. The company continuously adapts to changing consumer tastes, leveraging its scale to innovate and maintain competitive advantages in a crowded marketplace. Based in Orlando, Florida, Darden Restaurants Inc. continues to be a leader in delivering culinary experiences to millions of patrons annually.
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