Darden RestaurantsDRI

01Darden can acquire subscale casual-dining chains, plug them into its centralized sourcing and distribution infrastructure, and extract margin improvement that standalone operators cannot replicate. This roll-up model converts fragmented industry share into durable cost advantage and supports continued acquisition-led growth.

02Fiscal 2026 consolidated hourly team member turnover was 67 percent, 'one of the lowest rates in the restaurant industry' 'Each of our brands experienced a turnover rate during fiscal 2026 that was lower than the most recent relevant casual dining or fine dining turnover rate for their segment' Restaurant management turnover was 15 percent, 'significantly lower than the broader restaurant industry benchmark' '100 percent of the new General Managers or Managing Partners in fiscal 2026 were internal promotions' Restaurant General Managers and Managing Partners 'have an average of 15 years of experience with us'

03The portfolio spans value-oriented casual dining through premium fine dining, allowing Darden to capture consumer spending across economic cycles. When discretionary income contracts, traffic can shift internally toward lower-check brands rather than exiting the portfolio entirely, dampening revenue volatility relative to single-concept peers.

04Fiscal 2027 guidance projects 75 to 80 new restaurant openings Fiscal 2026 added 43 net new restaurants in the United States 'Constructing and opening a new restaurant takes approximately 250 days on average after the site is acquired and permits are obtained' Site selection incorporates 'trade area demographics, such as target population density and household income levels; competitive influences in the trade area; the site's visibility, accessibility, and traffic volume'