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DARDEN RESTAURANTS INC Annual Report, Year Ended May 31, 2026

Filing Date
Filed July 24, 2026
Period End
May 31, 2026
Security
DRI
In the record · 2016–202610-K1210-Q338-K98

DRI filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 98 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Nov ’17Nov ’17
  2. Leadership change8-K · Dec ’21Dec ’21
  3. Leadership change8-K · Sep ’25Sep ’25

01—Abstract

Summary

Summary of the 10-K filed July 24, 2026. Cited figures are marked; the original filing is the authoritative source.

Darden Restaurants, Inc. (DRI) reported strong performance in fiscal year 2026, with total sales reaching $13.21 billiona, a 9.4% increase from the previous year.

This growth was driven by a combination of a 53-week fiscal year, a 4.5% increase in same-restaurant sales across its major brands, and the addition of 43 net new restaurants. Diluted earnings per share from continuing operations saw a significant rise of 17.6% to $10.44b. The company successfully managed its cost structure, with operating income increasing by 16.2%.

Key strategic initiatives included the sale of eight Olive Garden restaurants in Canada and the decision to close approximately half of its Bahama Breeze locations, with plans to convert the remainder to other Darden brands. The company also completed the integration of its acquisition of Chuy’s. Looking ahead, Darden projects fiscal year 2027 sales between $13.60 billionc and $13.75 billion, driven by continued same-restaurant sales growth and the opening of 75-80 new restaurants.

02—Key points

Key Highlights

  1. Total sales increased by 9.4% to $13.21 billion in fiscal year 2026.
  2. Diluted earnings per share from continuing operations grew by 17.6% to $10.44.
  3. Same-restaurant sales increased by 4.5% on a blended basis across key brands.
  4. Darden added 43 net new restaurants in fiscal year 2026, with plans for 75-80 new openings in fiscal year 2027.
  5. The company divested eight Olive Garden restaurants in Canada and is strategically repositioning its Bahama Breeze brand.
  6. The acquisition of Chuy’s was fully integrated, contributing to the 'Other Business' segment growth.
  7. Darden maintained strong operational performance with a 16.2% increase in operating income.

03—Questions

Frequently Asked Questions

  1. What were the key drivers of Darden's sales growth in fiscal year 2026?

    Darden's sales growth in fiscal year 2026 was driven by three main factors: the inclusion of an extra week in the fiscal year, a solid 4.5% increase in same-restaurant sales across its core brands, and the net addition of 43 new restaurants to its portfolio.

  2. How is Darden managing its brand portfolio, specifically Bahama Breeze?

    Darden has made a strategic decision to permanently close approximately half of its Bahama Breeze restaurants and plans to convert the remaining locations to other Darden brands over the next 12-18 months. This initiative aims to optimize the performance and resource allocation within its brand portfolio.

  3. What is Darden's outlook for fiscal year 2027?

    For fiscal year 2027, Darden anticipates total sales in the range of $13.60 billion to $13.75 billion. This forecast is supported by an expected same-restaurant sales growth of 2.5% to 3.5% and the planned opening of 75 to 80 new restaurants.

  4. How did the acquisition of Chuy's impact the company's financial results?

    Darden completed the acquisition of Chuy's in October 2024 and has since fully integrated its operations. The acquisition contributed to the 'Other Business' segment and, while there were integration costs in fiscal 2025 and 2026, the brand is now fully part of Darden's operational structure.

04—Continue

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