Darden Restaurants Reports Mixed Q3 Results with Weaker Sales at Key Brands
Despite underwhelming same-store sales growth, revenue rose 6.2% due to the Chuy's acquisition, and the company reaffirmed its full-year revenue forecast.
- Darden Restaurants reported fiscal Q3 2025 revenue of $3.16 billion, missing analysts' expectations of $3.21 billion.
- Same-store sales growth underperformed across key brands, with Olive Garden rising 0.6% and LongHorn Steakhouse increasing 2.6%, both below projections.
- The fine-dining segment, including The Capital Grille and Ruth's Chris Steak House, saw a same-store sales decline of 0.8%, while other segments like Cheddar's Scratch Kitchen and Yard House dropped 0.4%.
- Net income for the quarter rose to $323.4 million, or $2.74 per share, up from $312.9 million, or $2.60 per share, a year earlier.
- The company maintained its full-year revenue forecast of $12.1 billion and narrowed its adjusted earnings outlook to $9.45-$9.52 per share.