Business UpdateJul 24, 2026, 04:08 PM
Darden Restaurants FY2026 Sales $13.21B; Strategic Brand Shifts
AI Summary
Darden Restaurants reported total sales of $13.21 billion for fiscal year 2026, ending May 31, 2026. The company expanded its footprint by adding 43 net new restaurants, bringing the total owned and operated locations to 2,202. Strategic actions included the sale of eight Olive Garden Canada restaurants and the decision to close approximately half of its Bahama Breeze restaurants, with plans to convert the remaining to other Darden brands.
Key Highlights
- Total sales for fiscal year 2026 reached $13.21 billion.
- Added 43 net new restaurants in the United States during fiscal 2026.
- Operated 2,202 company-owned restaurants as of May 31, 2026.
- Sold 8 Olive Garden Canada restaurants to Recipe Unlimited Corporation in July 2025.
- Permanently closed approximately half of Bahama Breeze restaurants by April 2026.
- Plans to convert remaining Bahama Breeze restaurants to other Darden brands.
- Projected 75-80 new restaurant openings for fiscal year 2027.
- Hourly team members earned over $24 per hour on average in fiscal 2026.
Price Impact
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