Darden Restaurants' Stock Hits New High Thanks to Olive Garden's Success

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Darden Restaurants Stock Performance chart showing daily changes.

Record-Breaking Performance for Darden Restaurants

Darden Restaurants, Inc. (NYSE: DRI) recently celebrated a remarkable achievement as its stock reached an all-time high of $228.27, driven by stellar sales growth in its flagship brands, Olive Garden and LongHorn Steakhouse. With a reported earnings per share of $2.98 for the fourth quarter that slightly edged out analysts' expectations, the company showcased an impressive revenue of $3.27 billion, surpassing the anticipated $3.26 billion. These strong figures reflect a 10.6% year-over-year sales increase, amplified by new restaurant openings and food delivery innovations.

Olive Garden’s Comeback Grabs Attention

Olive Garden stands out as a significant contributor to Darden’s success, boasting a 6.9% rise in same-store sales—well above the expected 4.6%. The return of popular promotions, like “Buy One Take One,” sparked renewed interest and drew customers back into the restaurants. This surge reflects a broader trend toward casual dining as consumers sought comfort and community during these turbulent times.

A Bright Outlook for 2026

Looking ahead, Darden is optimistic about fiscal 2026, projecting revenue growth between 7% and 8%. Adjusted earnings per share are expected to reach between $10.50 and $10.70, bolstered by an extra week in the fiscal calendar. This foresight has caught investors’ attention, leading to the implementation of a $1 billion share repurchase program, signaling confidence in the company’s future.

A Potential Shift for Bahama Breeze

While Olive Garden and LongHorn prospered, the company is also strategically evaluating its Bahama Breeze brand. Future actions may include sales or conversions, indicative of the dynamic decisions companies often have to make in response to shifting market demands. This approach emphasizes Darden’s adaptability in an ever-evolving industry landscape.

Embracing Change in Dining Trends

As Darden solidifies its position in the dining market, the increasing demand for delivery and convenient dining options reflects broader lifestyle changes induced by the pandemic. As the company innovates and adopts new strategies, it remains committed to its core brands while adapting to consumer preferences.

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