Darden Restaurants Fiscal 2026 First Quarter Results

The provided texts are excerpts from the Darden Restaurants Fiscal Year 2026 First Quarter Earnings Call and related financial documents, including a press release and presentation slides, detailing the company's performance and outlook. Darden, a full-service restaurant company with ten iconic brands like Olive Garden and LongHorn Steakhouse, reported a strong start to the fiscal year with total sales increasing 10.4% and adjusted diluted net earnings per share growing by 12.6%. The company highlights its strategy of focusing on "Brilliant with the Basics" and leveraging its competitive advantages to drive sales and market share growth, even while increasing its full-year financial outlook for total sales and same-restaurant sales. Discussion also centered on commodity inflation, particularly a spike in beef prices, and the company’s measured approach to pricing to ensure long-term value for guests, alongside successful initiatives like Olive Garden’s first-party delivery partnership.

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