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Darden Restaurants earnings beat estimates but Olive Garden growth weakens

Darden Restaurants reported fourth quarter fiscal 2026 earnings that exceeded estimates, driven largely by LongHorn Steakhouse. However, the company's flagship Olive Garden brand experienced a deceleration in same-store sales growth. The company also announced a $1.5 billion share repurchase program and a dividend increase.

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What changed

Darden released its fiscal Q4 2026 financial results showing a profit beat despite weakening growth at Olive Garden.

Live updates

  1. Darden Restaurants Beats Q4 2026 Earnings Amid Olive Garden Slowdown

    Darden Restaurants reported fourth quarter fiscal 2026 earnings that exceeded estimates, driven largely by LongHorn Steakhouse. However, the company's flagship Olive Garden brand experienced a deceleration in same-store sales growth. The company also announced a $1.5 billion share repurchase program and a dividend increase.

    What's confirmed:

    • Darden Restaurants reported adjusted diluted net earnings per share of $3.66 for the fourth quarter ended May 31, 2026.
    • Total sales for the fourth quarter increased 13.7% to $3.72 billion.
    • Same-restaurant sales growth for Olive Garden was 2.4%, while LongHorn Steakhouse grew 9.5%.
    • The company authorized a new $1.5 billion share repurchase program and increased its quarterly dividend by 8%.
    • Consolidated same-restaurant sales for Darden increased 4.6%.
    • The fiscal Q4 results included a 53rd week of operations.

    Still unconfirmed:

    • Revenue came in slightly under forecasts.
    • Evercore ISI has a cooled view on Darden due to limited near-term upside.
    • Guggenheim raised its price target for DRI to $235.
    confidence 90%