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It was preserved as a record on October 27; the timeline below shows how it unfolded, with sources. Get the briefing to follow the top situations still developing: three emails a week, sourced and in order.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 4 sources · 3 days · First seen · Last updated

Darden Restaurants fiscal 2027 first quarter performance

Overview

Ahead of its fiscal year 2027 first quarter earnings call, Darden Restaurants received varied analyst ratings. While TD Cowen maintained a “hold” rating with a $215.00 target, other institutions such as BTIG Research, Deutsche Bank, and Bank of America issued more optimistic price objectives.

Following the earnings call, the company reported $3.2 billion in sales for the first quarter, representing a 5.1% year-over-year increase. Consolidated same-restaurant sales grew by 3.1%. Performance was noted across segments, including LongHorn Steakhouse and Olive Garden, the latter being the largest business unit. Darden reaffirmed its financial outlook for fiscal 2027 and continued its focus on capital returns through dividends and share buybacks.

Entities

Darden Restaurants · Olive Garden · Rajesh Vennam · LongHorn Steakhouse · Ricardo Cardenas

Timeline

  1. [BUSINESS] 3 sources
    Darden Restaurants reports $3.2 billion in Q1 sales

    Darden Restaurants reported $3.2 billion in Q1 fiscal 2027 sales, a 5.1% increase, and reaffirmed its full-year earnings outlook amid growth in segments like LongHorn Steakhouse and Olive Garden.

  2. [BUSINESS] 2 sources
    Darden Restaurants receives mixed analyst ratings ahead of earnings call

    Darden Restaurants (DRI) faces a mix of analyst ratings, including a “hold” from TD Cowen, ahead of its Q1 2027 earnings call scheduled for September 2026.

Sources

formosadeportiva.com.ar · pulse2.com · seekingalpha.com · stocknews.com