Darden Restaurants said total sales for Q3 and the first 9 months of fiscal 2025 increased 6.2% and 4.4% to $3.16 billion and $8.81 billion, respectively. The company cited 143 net new restaurants, including the acquisition of 103 Chuy's restaurants, and blended same-restaurant sales growth of 0.7% and 0.8% as factors.

1. 01

   Darden Restaurants said total sales for Q3 and the first 9 months of fiscal 2025 increased 6.2% and 4.4% to $3.16 billion and $8.81 billion, respectively. The company cited 143 net new restaurants, including the acquisition of 103 Chuy's restaurants, and blended same-restaurant sales growth of 0.7% and 0.8% as factors.

2. 02

   The company said net earnings from continuing operations for Q3 and the first 9 months of fiscal 2025 were $323.7 million and $747.0 million, respectively, compared with $313.4 million and $720.5 million in the prior-year periods. Diluted net earnings per share from continuing operations were $2.74 and $6.30, respectively, compared with $2.60 and $5.95 in the prior-year periods.

3. 03

   Darden Restaurants said it acquired 100% of the equity interest of Chuy's Holdings on October 11, 2024 in an all-cash transaction for total consideration of $649.1 million, or $613.7 million in net cash consideration. The company financed the acquisition with proceeds from senior notes issued on October 3, 2024: $400.0 million of 4.350% senior notes due 2027 and $350.0 million of 4.550% senior notes due 2029.

4. 04

   Darden Restaurants said net cash flows from operating activities from continuing operations for the first 9 months of fiscal 2025 were $1.25 billion. During the period, financing activities included dividends paid of $494.6 million and share repurchases of $367.2 million, while investing activities included capital expenditures of $472.6 million and net cash used in the acquisition of Chuy's of $613.7 million.

Key figures

Quarter ended February 23, 2025

Revenue

$3.2B

Operating income

$418M

Net income

$323M

EPS

$2.74

Gross profit

$667M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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