8-KEarnings & ResultsExhibits & Filings

DARDEN RESTAURANTS INC 8-K Report, Financial Results (Sep 22, 2022)

Filed September 22, 2022For Securities:DRI

Summary

Darden Restaurants, Inc. (DRI) filed an 8-K on September 22, 2022, to report its fiscal year 2023 first-quarter results. The company announced its financial performance for the quarter and reaffirmed its financial outlook for the full fiscal year 2023. Investors should note that the details of the results and outlook are provided in the furnished news release (Exhibit 99.1), which is not considered 'filed' for regulatory liability purposes, but serves as the primary source of information for this report. The company also declared a quarterly dividend, indicating a commitment to returning capital to shareholders. While specific financial metrics are not detailed within the 8-K itself, the filing directs investors to the accompanying news release for comprehensive details on revenue, earnings, same-restaurant sales, and forward-looking guidance. This filing is a routine update on financial performance and future expectations.

Key Highlights

  • 1Darden Restaurants (DRI) reported fiscal 2023 first-quarter results on September 22, 2022.
  • 2The company reiterated its financial outlook for the full fiscal year 2023.
  • 3A quarterly dividend was declared, signaling continued shareholder returns.
  • 4The detailed financial results and outlook are provided in an accompanying news release (Exhibit 99.1).
  • 5The information furnished is for informational purposes and not deemed 'filed' under Section 18 of the Exchange Act.
  • 6A slide presentation accompanying the conference call will be available on the company's website.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Darden Restaurants' fiscal year 2023 first-quarter results and to reiterate the company's financial outlook for the full fiscal year. It also announces the declaration of a quarterly dividend.

The detailed financial results for the fiscal 2023 first quarter and the reiterated financial outlook for the full year are provided in the news release titled “Darden Restaurants Reports Fiscal 2023 First Quarter Results; Declares Quarterly Dividend; And Reiterates Fiscal 2023 Financial Outlook,” which is furnished as Exhibit 99.1 to this 8-K filing. A slide presentation will also be available on the company's website.

The filing mentions the declaration of a quarterly dividend. This indicates a continued practice of returning capital to shareholders, but it does not specify any changes to the dividend policy itself. For details on the dividend amount, investors should refer to the accompanying news release.

The information furnished in this Item 2.02 of the 8-K, including Exhibit 99.1, is generally not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means the company is providing the information for transparency but is not subject to the same liabilities as if it were 'filed' information.