Darden Restaurants Hits All-Time High on Strong Olive Garden Sales and $1 Billion Stock Buyback

Darden Restaurants, the parent company of popular chains like Olive Garden and LongHorn Steakhouse, has announced an up to $1.0 billion stock buyback as it continues to outperform in the restaurant industry. The company reported fiscal 2025 fourth-quarter earnings per share (EPS) of $2.98, with revenue up 11% year-over-year to $3.27 billion. Both figures narrowly exceeded Visible Alpha forecasts, indicating strong financial performance. Darden's same-store sales climbed 4.6%, led by a 6.9% rise at Olive Garden and a 6.7% gain at LongHorn Steakhouse. The company added 25 net new restaurants in the quarter, plus it gained 103 Chuy's Tex Mex locations after its purchase of the chain last July. Revenue from Olive Garden increased more than 8% to $1.38 billion, while LongHorn Steakhouse saw a 9% increase to $833.8 million. Fine Dining chains, which includes Ruth's Chris, grew more than 2% to $334.6 million. Thanks to the Chuy's contribution, "Other Business" revenue jumped 22% to $722.3 million. In addition to its financial report, Darden said the board authorized a new share repurchase program of up to $1.0 billion. This move is part of the company's ongoing efforts to reward shareholders and maintain its strong financial position. Darden Restaurant shares have gained more than 20% so far this year, and hit a record $228.27 earlier in the session. The company's strong performance and positive outlook have investors excited about its future prospects in the restaurant industry. In conclusion, Darden Restaurants continues to show impressive growth and financial strength, with a new stock buyback program adding to its appeal as an investment opportunity. With its popular chains like Olive Garden and LongHorn Steakhouse, the company is well-positioned to continue its success in the restaurant industry.