Darden Restaurants, Inc. · NYSE:DRI
Darden Restaurants — Q3 2025 Earnings Presentation
23 slides from Darden Restaurants's earnings presentation, Mar 20, 2025
Slide 1: Earnings Call: Fiscal 2025 Third Quarter Results
Earnings Call Fiscal 2025: Third Quarter Results March 20, 2025
Slide 2: Disclaimer/Non-GAAP Information
Disclaimer/Non-GAAP Information IMPORTANT NOTICE The following slides are part of a presentation by Darden Restaurants, Inc. (the "Company") and are intended to be viewed as part of that presentation (the "Presentation"). No representation is made that the Presentation is a complete description of t
Slide 3: A full-service restaurant company with Back-To-Basics philosophy
A full-service restaurant company with … 1 Mission Be financially successful through great people consistently delivering outstanding food, drinks and service in an inviting atmosphere making every guest loyal. 4 Competitive Significant Scale Extensive Data & Insights Rigorous Strategic Planning Res
Slide 4: Fan Favorites Social Engagement
Fan Favorites Social Engagement 4
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Slide 6: Uber Direct Delivery
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Slide 9: New Restaurant Development
New Restaurant Development 9
Slide 10: Technology platform migrations timeline
// Human Resource Platform migration in March // Supply Chain phased transition begins in June // Point of Sale transition starting in late Summer 1010
Slide 11: Scholarship
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Slide 12: Thank You To Our Team Members
Thank You To Our Team Members 12
Slide 13: Fiscal 2025 Third Quarter Financial Highlights
Fiscal 2025 Third Quarter Financial Highlights $3.2 Billion 6.2% 0.7% SAME-RESTAURANT SALES TOTAL SALES TOTAL SALES GROWTH GROWTH1 $559 Million $2.80 $217 Million ADJUSTED DILUTED NET EPS ADJUSTED EBITDA2 FROM CONTINUING CASH RETURN3 OPERATIONS2 1 Will not include Chuy's until they have been owned a
Slide 14: Margin Analysis vs. Prior Year
Margin Analysis vs. Prior Year As Reported As Adjusted1 Q3 2025 Q3 2025 Q3 2025 vs Q3 2024 (bps) ($ millions) ($ millions) % of Sales Favorable/(Unfavorable) Sales $3,158.0 $3,158.0 Food and Beverage $953.6 $953.6 30.2 % 70 Restaurant Labor $995.0 $995.0 31.5 % — Restaurant Expenses $507.1 $507.1 16
Slide 15: Third Quarter Segment Performance
Third Quarter Segment Performance1 Segment Sales ($ millions) Fine Dining Other Segment Profit Margin2 Fine Dining Other 1 From the date of acquisition, October 11, 2024, forward, sales and profits from Chuy's restaurants are included within the Other Business segment. 2 Segment profit margin calcul
Slide 16: Updating Fiscal 2025 Annual Outlook
Updating Fiscal 2025 Annual Outlook SALES DEVELOPMENT MARGIN Total Sales Restaurant Openings Total Inflation: ~2.5% ~$12.1 Billion 50 to 55 Commodities: ~1.0% Same-Restaurant Sales Capital Spending Effective Tax Rate Growth1 ~$650 Million ~12.5% ~1.5% Adjusted Diluted Net Earnings per Share $9.45 to
Slide 17: Implied Fourth Quarter Outlook
Implied Fourth Quarter Outlook Same Total Sales Adjusted Restaurant $3.23 to $3.26 Diluted Net EPS2 Billion Sales Growth1 $2.88 to $2.95 >3.0% 1 Will not include Chuy's until they have been owned and operated by Darden for a 16-month period (Q4 Fiscal 2026). 2 A reconciliation of Non-GAAP measures c
Slide 18: Preliminary Fiscal 2026 Outlook
Preliminary Fiscal 2026 Outlook New Restaurant Openings 60 to 65 Capital Spending $675 to $725 million New Restaurants $375 to $400 million Maintenance/All Other $300 to $325 million Effective Tax Rate 13% to 13.5% 53rd Week Diluted Net EPS Impact Approximately $0.20 18
Slide 19: Question & Answer Session
J DARDEN RESTAURANTS Question & Answer Session
Slide 20: Additional Information
J DARDEN RESTAURANTS Additional Information
Slide 21: Commodities Outlook - Fourth Quarter
Commodities Outlook - Fourth Quarter March - May FY2025 Spend by category Coverage Outlook Beef 25% 70% Low single digit inflation Dairy / Oil1 13% 80% Low single digit deflation Produce 12% 95% Low single digit deflation Seafood 9% 95% Low single digit inflation Chicken 8% 95% Mid single digit infl
Slide 22: Reported to Adjusted Earnings Reconciliations
Reported to Adjusted Earnings Reconciliations Q3 2025 Q3 2024 Earnings Diluted Earnings Before Income Net Before Income Diluted Net Income Tax Net Earnings Income Tax Net Earnings $ in millions, except EPS Tax Expense Earnings Per Share Tax Expense Earnings Per Share Reported Earnings from Continuin
Slide 23: Reported to Adjusted Earnings Outlook Reconciliation
Reported to Adjusted Earnings Outlook Reconciliation Q4 FY25 2025 Reported diluted net earnings per share from continuing operations $ 2.82 to $ 2.89 $ 9.12 to $ 9.19 Chuy's transaction and integration related costs $ 0.08 $ 0.08 $ 0.40 $ 0.40 Income tax expense $ (0.02) $ (0.02) $ (0.07) $ (0.07) A