DRI announces strong first-quarter results, updating fiscal 2026 guidance

Darden Restaurants (NYSE: DRI) announced its first-quarter sales of $3 billion in fiscal 2026, a year-on-year increase of 10.4%, thanks to a 4.7% increase in same-store sales and the acquisition of Chuy’s Tex Mex. Diluted EPS for the ongoing business reached $2.19, exceeding the expected $2.0. Olive Garden and LongHorn Steakhouse's same-store sales increased by 5.9% and 5.5%, respectively, leading the growth. The company updated its full-year performance forecast, with total sales expected to grow 7.5% to 8.5%, same-store sales increased 2.5% to 3.5%, and plans to open 65 new restaurants.