Darden Restaurants (NYSE:DRI) announced its financial results for the third quarter of fiscal 2026, ended February 22, 2026, reporting total sales of $3.345 billion.
This 5.9% year-over-year increase was driven by a robust blended same-restaurant sales growth of 4.2% across its diverse portfolio, which includes flagship brands like Olive Garden and LongHorn Steakhouse, as well as the successful integration of 31 net new restaurant openings.
Profitability remained a central focus for the company, with reported diluted earnings per share (EPS) from continuing operations coming in at $2.68.
On an adjusted basis, diluted EPS rose 5.4% to $2.95, reflecting effective cost management in a period of fluctuating commodity and labor expenses.
Meanwhile, shareholder returns continued to be a priority in the third quarter.
The board of directors declared a quarterly cash dividend of $1.50 per share, payable on May 1, 2026, to shareholders of record as of April 10.
Looking ahead, Darden provided an optimistic outlook for the remainder of fiscal 2026.
The company expects total sales growth of approximately 9.5%, a figure that includes the impact of an additional 53rd operating week in the fiscal calendar.
Full-year adjusted diluted EPS is projected to fall between $10.57 and $10.67.
With plans to open approximately 70 net new restaurants and a capital expenditure budget of $750 million to $775 million, Darden remains committed to physical expansion and technology-driven guest experience enhancements.