Darden's first-quarter results exclude Bahama Breeze from same-restaurant sales calculations as the company moves toward closing or converting all locations by the fourth quarter of fiscal 2027. The Caribbean-themed chain's footprint shrank to 10 locations from 28 a year earlier. Darden's capital allocation continues to favor returns to shareholders; the company repurchased $222.3 million of stock during the quarter and has $1.3 billion remaining under its $1.5 billion repurchase authorization. The board also declared a quarterly dividend of $1.62 per share.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.