Darden 40-45 Olive Garden, Longhorn Steakush sites next year

Photo of author

By [email protected]


Darden Restaurants is looking to open more Longhorn Garden and Longhorn Steakouse restaurants.

The financial director, Rajish Vinnam, said during a profit call in the fourth quarter of Darden that the parent company “may get it 40 to 45 holes“Between the chains” next year. “

Darden runs more than 930 olive garden site as of late May, when it ended in 2025 financial. Meanwhile, the number of Longhorn Steakouses, owned by the company, has reached more than 590.

Olive Garden Restaurant in Fremont, California, United States, on Thursday, September 14, 2023. Darden Restaurants Inc. Profit numbers on September 21. Photographer: David Paul Morris/Bloomberg via Getty Images

Olive Park Restaurant in Frimmont, California, on September 14, 2023. (David Paul Morris / Bloomberg via / Getty Pictures)

Ruth’s Chris, Cheddar’s Scatch Kitchen, Yard House, The Capital Grille, Chuy’s, Seasons 52 and Eddie V’s are among the other chains currently within the Darden brands collection.

The popular chicken finger series is calmly released throughout America

“Yard House may be in medium numbers, and then you have all other brands that may contribute perhaps 15 others or so,” Folnam. “But while we look at the future, we expect other brands to become more part of this mixture.”

The Financial Director of Analysts and Investors told Darden that he believes that there is still a “huge opportunity” for Longhorn to open between 25 to 30 sites per year and the olive park to be “in the 20th range for the foreseeable future.”

Skokie, Illinois - June 22: A sign representing the Longhorn Steakouse Restaurant on June 22, 2023 in Skokie, Illinois. Darden Restaurants, the parent company of Longhorn Steakouse, today, has informed quarterly profits that topped Wall Street's expectations, led by powerful Longhorn Steakouse sales. (Scott Olson/Getti Emiez)

Longhorn Steakush Restaurant on June 22, 2023, in Skokie, Illinois. (Scott Olson / Getty Images)

“But we also, as I said, other brands will start to contribute more,” the brand’s mix “and we move to the next few years,” he said.

His comments came in response to an analyst about the total new restaurants between 60 and 65 years, which Darden expects that it will be launched in the fiscal year 2026 and when the unit’s growth was expected to grow.

“We are actually building the pipeline,” Venam said. “We expect to be in the range of 3 plus (percent) over the next five years.”

Get Fox Business on the Go by clicking here

Darden has more than 2100 company -owned restaurants in all its brands at the end of 2025.

Olive Garden and Longhorn Steakouse have been present since the early eighties of the last century, when Darden got the last brand in 2007. Longhorn Steakouse ranked second for customer satisfaction among full chains in American customer satisfaction restaurant and studying food delivery earlier this month, while The Italian series He was close to it with a score of 81.

Olive Garden sales reached $ 5.2 billion for the fiscal year 2025, which represents an increase of 2.8 % over the previous year. The annual Longhorn sales increased by 7.8 % to $ 3.03 billion.

Austin, Texas - June 20: The olive park was seen on June 20, 2025 in Austin, Texas. Darden restaurants, the parent company of Olive Garden, exceeded Wall Street's profits and revenues after reporting a quarter -financial income of $ 303.8 million. (Photo by Brandon Bell/Getty Emima)

Olive Park on June 20, 2025, in Austin, Texas. (Brandon Bell / Getti Emaiz)

In general, Darden achieved approximately $ 12.08 billion of sales during the fiscal year 2025 with net profits of $ 1.05 billion. For the 2026 fiscal year, sales will grow 7-8 %.

During the profit call, Company She also revealed that she was looking at the “strategic alternatives” of the Bahma Breeze series 28.

The owner of Olive Garden, Longhorn Steakousesse Brands is looking to download the Caribbean restaurant series

“We have made a difficult decision that these remaining sites and the Bahma Breeze brand are not a strategic priority for us. We also believe that this brand and these restaurants have the ability to benefit from a new owner,” CEO Ricardo Cardinas He said. “Thus, we will think about the strategic alternatives of Bahama Breeze, including a potential sale of the brand or convert restaurants to other brands Darden.”



https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/06/0/0/olive-garden-low-angle.jpg?ve=1&tl=1

Source link

Leave a Comment