Darden 3Q Sales Rise, Boosted by LongHorn Steakhouse Growth

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Darden 3Q Sales Rise, Boosted by LongHorn Steakhouse Growth

Dow Jones03-19 19:19

By Nicholas G. Miller

Darden Restaurants reported higher third-quarter sales, led by growth in its LongHorn Steakhouse brand.

The company posted net income of $306.8 million, or $2.65 a share, down from $323.4 million, or $2.74 a share, the year before.

Adjusted earnings were $2.95 a share. Analysts polled by FactSet had expected $2.94 a share.

Sales rose 5.9% to $3.35 billion. Wall Street had expected $3.33 billion.

Same-restaurant sales rose 4.2%, led by 7.2% same-restaurant sales growth for LongHorn Steakhouse.

The company raised its fiscal-year sales growth guidance to 9.5%, up from its previous forecast of 8.5% to 9.3%. It also now sees fiscal-year same-restaurant sales growth of 4.5%, compared with its previous guidance of 3.5% to 4.3%. Analysts see fiscal-year same-restaurant sales growth of 3.8%.

Write to Nicholas G. Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

March 19, 2026 07:19 ET (11:19 GMT)

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Wall Street had expected $3.33 billion. \n\n\n  Same-restaurant sales rose 4.2%, led by 7.2% same-restaurant sales growth for LongHorn Steakhouse. \n\n\n  The company raised its fiscal-year sales growth guidance to 9.5%, up from its previous forecast of 8.5% to 9.3%. It also now sees fiscal-year same-restaurant sales growth of 4.5%, compared with its previous guidance of 3.5% to 4.3%. Analysts see fiscal-year same-restaurant sales growth of 3.8%. \n\n\n \n\n\n  Write to Nicholas G. 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