Darden Restaurants (NYSE:DRI) announced a robust second quarter for fiscal year 2025, with sales increasing by 6% to $2.9 billion.
The company attributed this growth to a 2.4% rise in same-restaurant sales, coupled with strategic expansion efforts, including the addition of 39 net new restaurants and the integration of 103 Chuy's restaurants.
During the period under review, the company reported diluted net earnings per share from continuing operations of $1.82.
Notably, LongHorn Steakhouse demonstrated exceptional performance with a 7.5% sales increase, contributing significantly to Darden's overall success.
In addition to its strong financial results, Darden declared a quarterly cash dividend of $1.40 per share, payable in February 2025.
The company also reported stock repurchases totalling $142 million.
Looking ahead, Darden updated its financial outlook for the full fiscal year 2025, projecting revenue of $12.1 billion and the opening of 50 to 55 new restaurants.