Darden Restaurants Inc (DRI) reported disappointing financial results for the second quarter of fiscal 2026, with earnings per share (EPS) of $2.08, falling short of Wall Street's expectation of $2.13. Revenue matched expectations at $3.1 billion, but the overall performance missed analyst estimates.
This update provides insight into Darden's operational challenges amid a competitive restaurant market. The company operates approximately 2,140 restaurants across the U.S. and Canada under well-known brands such as Olive Garden and LongHorn Steakhouse. With a market cap of $20.2 billion and a trailing twelve-month EPS of 9.32, Darden remains a significant player in the Hotels, Restaurants & Leisure industry.
Darden will host its earnings conference call at 8:00 AM EST to discuss these results and provide additional commentary on its business performance. Investors are encouraged to review the full earnings release and listen to management's insights for a comprehensive understanding of the quarter's performance and future outlook.
Looking ahead, Darden's next earnings report is scheduled for June 18, 2026, with an EPS estimate of $3.57 and revenue expectation of $3.7 billion.