Darden Q1 2025 Earnings Report
Key Takeaways
Darden Restaurants' first quarter total sales increased by 1.0% to $2.8 billion, driven by 42 net new restaurants, but was partially offset by a 1.1% decrease in blended same-restaurant sales. Diluted net earnings per share were reported at $1.74, with adjusted diluted net earnings per share at $1.75, a decrease of 1.7%.
Total sales increased 1.0% to $2.8 billion, driven by sales from 42 net new restaurants, partially offset by a blended same-restaurant sales decrease of (1.1)%.
Reported diluted net earnings per share from continuing operations were $1.74.
Excluding $0.01 of Chuy's transaction and integration related costs, adjusted diluted net earnings per share from continuing operations were $1.75, a decrease of (1.7)%.
The Company repurchased $172 million of its outstanding common stock.
Darden
Darden
Darden Revenue by Segment
Forward Guidance
The Company reiterated all aspects of its full year financial outlook for fiscal 2025, culminating in diluted net earnings per share from continuing operations of $9.40 to $9.60, which does not include any impact from Chuy's operations, transaction, financing and integration related costs associated with the pending acquisition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income