Darden Restaurants, Inc. · NYSE:DRI
Darden Restaurants — Q2 2025 Earnings Presentation
23 slides from Darden Restaurants's earnings presentation, Dec 19, 2024
Slide 1: Earnings Call: Fiscal 2025 Second Quarter Results
Earnings Call Fiscal 2025: Second Quarter Results December 19, 2024
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 competitive advantages
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: Never Ending Pasta Bowl
Never Ending Pasta Bowl Elevates Brand Equity | Simple to Execute | Not at a Deep Discount 4
Slide 5: Uber Direct Delivery Pilot
Uber Direct Delivery Pilot ZEDARDEN | BRS <cftyainm RESTAURANTS
Slide 6: Steak Gorgonzola Alfredo Stuffed Chicken Marsala
Steak Gorgonzola Alfredo Stuffed Chicken Marsala 6
Slide 7: Steak Hero Shots
DARDEN | wes hegdas RESTAURANTS
Slide 8: Yard House: Great Food, Classic Rock
GREAT FOOD * CLASSic ROCK Yard House ZEDARDEN | BEES <foenny <em> (lig) | Sheds RESTAURANTS CAPITAL
Slide 9: Cheddar's Scratch Kitchen
Cheddars SCRATCH Sag g KITCHEN X DARDEN. | aa ony “Giais| Cheddars (Gili) Cop Fase Edteye Barre RESTAURANTS | JUS * | VSTEAKHOUSE
Slide 10: Chuy's Integration Priorities
// Preserve the employee experience and Chuy’s unique culture // Maintain the guest experience // Successfully migrate Chuy’s onto the Darden platform 1010
Slide 11: Next Generation Point of Sale
Next Generation Point of Sale // Improved and more modern interface // Updated technology architecture // Ability to operate on different types of hardware // Near real-time analytics 1111
Slide 12: Responding in Times of Need
Responding in Times of Need 1212
Slide 13: Thank You To Our Team Members
Thank You To Our Team Members 13
Slide 14: Fiscal 2025 Second Quarter Financial Highlights
Fiscal 2025 Second Quarter Financial Highlights $2.9 Billion 6.0% 2.4% SAME-RESTAURANT SALES TOTAL SALES TOTAL SALES GROWTH GROWTH1 $445 Million $2.03 $308 Million ADJUSTED DILUTED NET EPS ADJUSTED EBITDA2 FROM CONTINUING CASH RETURN3 OPERATIONS2 1 Will not include Chuy's until they have been owned
Slide 15: Margin Analysis vs. Prior Year
Margin Analysis vs. Prior Year As Reported As Adjusted1 Q2 2025 Q2 2025 Q2 2025 vs Q2 2024 (bps) ($ millions) ($ millions) % of Sales Favorable/(Unfavorable) Sales $2,890.0 $2,890.0 Food and Beverage $872.8 $872.8 30.2 % 80 Restaurant Labor $926.8 $926.8 32.1 % 20 Restaurant Expenses $477.7 $477.7 1
Slide 16: Second Quarter Segment Performance
Second Quarter Segment Performance1 Segment Sales ($ 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 calcu
Slide 17: 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 Earnings per Share $9.40 to $9.
Slide 18: Chuy's Expected Financial Impacts
Chuy's Expected Financial Impacts // Expected net run-rate pre-tax synergies of approximately $17 million • Approximately $2 million in fiscal 2025 // Expected to be neutral impact to adjusted net earnings per share in fiscal 2025 excluding acquisition and integration related expenses // Anticipate
Slide 19: Question & Answer Session
J DARDEN RESTAURANTS Question & Answer Session
Slide 20: Additional Information
J DARDEN RESTAURANTS Additional Information
Slide 21: Back Half Commodities Outlook
Back Half Commodities Outlook December - May FY2025 Spend by category Coverage Outlook Beef 25% 40% Low single digit inflation Dairy / Oil1 13% 40% Flat Produce 12% 95% Low single digit deflation Seafood 9% 75% Low single digit inflation Chicken 8% 90% Low single digit inflation Wheat2 7% 95% Flat N
Slide 22: Reported to Adjusted Earnings Reconciliations
Reported to Adjusted Earnings Reconciliations Q2 2025 Q2 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 2025 Reported diluted net earnings per share from continuing operations $ 9.07 to $ 9.27 Chuy's transaction and integration related costs $ 0.40 $ 0.40 Income tax expense $ (0.07) $ (0.07) Adjusted diluted net earnings per share from continuing op