Darden Restaurants, Inc. (DRI) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Darden Fiscal Year 2026 Fourth Quarter Earnings Call. Your line has been placed on the list in only mode until the question and answer session. To ask a question, you may press star 1 on your touchtone phone. This conference is being recorded. If you have any objections, you may disconnect at this time. I will now turn the call over to Ms. Courtney Aquila. Thank you. You may begin. Thank you, Kevin. Good morning, and thank you for participating on today's call. Joining me are Rick Cardenas, Darden's President and CEO, and Raj Vennam, CFO. As a reminder, comments made during this call will include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections. Those risks are described in the company's press release, which was distributed this and in its filings with the Securities and Exchange Commission. A supplemental materials presentation containing information shared on today's call is available on the financials tab in the investor section of our website at Darden.com. Today's discussion includes certain non-GAAP measurements and reconciliations of these measurements are included in the presentation. Looking ahead, we plan to release fiscal 2027 first quarter earnings on Thursday, September 24th Before the Market Opens, followed by a conference call. During today's call, all references to industry results refer to the Black Box Intelligence casual dining benchmark, excluding Darden. Black Box Intelligence updated its benchmarks in early May following changes to the underlying brand set. This restatement had an outsized impact on the casual dining benchmarks...