Darden Reaffirms Full-Year Outlook Despite Calendar Shift
Dow Jones
Sep 24
Darden reaffirmed its fiscal 2027 EPS guidance of $11.10 to $11.35 following first-quarter results. The company is navigating a one-week offset in year-over-year comparisons after transitioning from a 53-week to a 52-week fiscal year. To address this, Darden is reporting same-restaurant sales on both fiscal and comparable calendar bases. First-quarter blended same-restaurant sales rose 3.1% on a fiscal basis and 3.2% on a comparable basis. CEO Rick Cardenas said the quarter marked a solid start to the fiscal year, with all segments delivering positive same-restaurant sales
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