Darden Restaurants Q1 Fiscal 2027 Earnings: Revenue Misses $3.20 Billion Expectations
Darden Restaurants (DRI) reported Q1 2027 revenue of $3.20B, missing estimates, with EPS at $2.05. Revenue grew 5.1% YoY, but shares fell 5% premarket. Olive Garden's same-store sales rose 1.1%, while LongHorn Steakhouse saw 6.2% growth. The company reaffirmed fiscal 2027 guidance and declared a $1.62 dividend.
How this was made

The 30-second read
Why it matters
Earnings miss drives short‑term downside risk; reaffirmed guidance may limit further decline.
Market read
First‑report earnings data for a mid‑cap consumer‑discretionary name; market reacts with modest sell pressure.
What to watch
Cash balance remains stable and share repurchase continues, providing support for the stock.
Background
Darden Restaurants (NYSE:DRI) reported FY2027 Q1 results with revenue $3.20B, EPS $2.05, missing consensus and prompting a pre‑market dip.
Ticker impact
Q1 FY2027 earnings missed revenue and EPS expectations, causing a pre‑market drop of up to 5% before partially recovering.
likely modest downside as investors price in the revenue miss and slower Olive Garden sales
The miss is a primary disclosure with $3.2B revenue, EPS $2.05 vs. consensus, and a noticeable pre‑market move; market reaction suggests short‑term weakness.
Market effects
Restaurant sector may see broader scrutiny on comparable‑sales growth, especially for Olive Garden.
U.S. consumer‑discretionary sentiment could be slightly dampened.
Limited; impact confined to U.S. restaurant stocks.
Counterpoint
Guidance reaffirmation and strong LongHorn performance could support a bounce if investors focus on the positive outlook.
Key entities
- ExecutiveRick Cardenas
President & CEO of Darden Restaurants
- ExecutiveRaj Vennam
CFO of Darden Restaurants



