Fox Business reporter Jeff Gluc records on the prices of beef due to problems with Vareni and the Company.
Darden Restaurants are looking to open most of the olive garden restaurants and Longhorn Steakhouse.
CFO Rajesh Vennam said they have a fourth -quarter earlier income 40 to 45 spans“Between two chains” next year. “
Darren managed more than 930 olive garden locations by the end of May, with the end of the 2025 fiscal year. Meanwhile, the number of Longhorn steak restaurants stood in more than 590 people.
An olive garden restaurant in Fremont, California, September 14, 2023. (David Paul Morris / Bloomberg via / Gitti Pictures)
Chris Ruth, Kitchen Cheddar, House of Yard, Capital Lattice, Choi, Season 52 and Eddie Fifth are other chains that are currently in the portfolio.
Popular chicken finger chain begins widespread expansion throughout America
“The courtyard may be in the middle digits, and then you have all other brands that probably have 15 more,” Vennam said. “But as we look at the future, we expect other brands to become a larger part of the combination.”
The CFO told analysts and investors that Darren believes that there is still a “great opportunity” for Longhorn to open up to 25 to 30 places annually and the olive garden in the 20 -H range for the future “.
A Longhorn Steakhouse Restaurant on June 22, 2023, in Skokie, Illinois. (Scott Olson / Giti Pictures)
“But then, as I said, other brands start to help” Darden Brand “that we are moving in the next few years,” he said.
His remarks in response to an analyst's question about 60-65 new restaurants predicted to launch in fiscal year 2026 and when a single growth is expected to increase.
“We're really building a pipeline,” Vennam said. “We expect to be in range 3 plus (percent) in the next 5 years.”
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At the end of the 2025 finances, Darren has more than 2100 restaurants belonging to all its brands.
Olive Garden and Longhorn Steakhouse have been obtained since the early 1980s, which in 2007 won the second brand. Longhorn Steakhouse ranked 2 for customer satisfaction among the chains of all service restaurants in the US customer satisfaction index and the study of food delivery earlier this month, while published this month. Italian -themed chain It was close with a score of 81 on the back.
Olive Garden has made $ 5.2 billion for $ 2025, which shows a 2.8 % increase over the previous year. The annual sales of Longhorn increased by 7.8 % to $ 3.03 billion.
An olive garden on June 20, 2025, in Austin, Texas. (Brandon Bell / Giti Pictures)
In general, Darren produced nearly $ 12.08 billion in fiscal year 2025 with $ 1.05 billion. For financial 2026, sales are expected to grow 7-8 %.
During the contact of income, Company He also revealed that he was looking for “strategic options” for the breeze chain of 28 Bahana.
“We have made a difficult decision that these remaining and brand Bahama Breeze are not strategic for us. We also believe that this brand and these restaurants have the opportunity to benefit from a new owner.” CEO of Riccardo Kardenas “As a result, we will consider the strategic options for the breeze, including the potential sale of the brand or the conversion of restaurants into other brands,” he said.