Form 10-K · Annual report
Darden Restaurants 10-K, filed Jul 24, 2026
- Filed
- CIK
- 0000940944
- Accession no.
- 0000940944-26-000025
Summary
Darden Restaurants reported fiscal 2026 total sales rose 9.4% to $13.21 billion and diluted net earnings per share from continuing operations rose to $10.44 from $8.88, and said it expects fiscal 2027 sales of $13.60 billion to $13.75 billion on 2.5% to 3.5% same-restaurant sales growth. The company also closed about half of its Bahama Breeze restaurants and expects to convert the remainder to other Darden brands over the next 12 to 18 months, and completed the sale of its Olive Garden Canada restaurants to Recipe.
Key points
- Fiscal 2026 net earnings from continuing operations rose 15.5% to $1.21 billion from $1.05 billion, on a 53-week year.
- Darden operated 2,202 company-owned restaurants at May 31, 2026, up from 2,159 a year earlier.
- The company acquired Chuy's Holdings in October 2024 for $649.1 million in total consideration.
- Fiscal 2027 outlook includes 75 to 80 new restaurant openings, an effective tax rate of about 13.5%, and capital expenditures of about $875 million.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following Management’s Discussion and Analysis should be read in conjunction with our consolidated financial statements and related financial statement notes included in Part II of this report under the caption “Item 8 - Financial Statements and Supplementary Data.” We operate on a 52/53-week fiscal year, which ends on the last Sunday in May. Fiscal 2026, which ended May 31, 2026, consisted of 53 weeks; fiscal 2025, which ended May 25, 2025, consisted of 52 weeks; and fiscal 2027, which ends on May 30, 2027, will consist of 52 weeks. …
An excerpt of the text as filed with the SEC, cut for length.
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