Reported results
- Total sales increased 5.1% to $3.2 billion
- Blended same-restaurant sales increased 3.1% on fiscal calendar basis and 3.2% on comparable calendar basis
- Reported diluted net earnings per share from continuing operations were $2.05, an increase of 4.1% from prior year adjusted diluted net earnings per share from continuing operations of $1.97
- LongHorn Steakhouse same-restaurant sales increased 6.2% on fiscal calendar basis and 6.8% on comparable calendar basis
- Company repurchased $222.3 million of common stock (approximately 1.1 million shares)
- Board declared quarterly cash dividend of $1.62 per share, payable November 2, 2026
Guidance
- Reaffirmed full year fiscal 2027 diluted net earnings per share from continuing operations guidance of $11.10 to $11.35
Notes
Due to transition from 53-week to 52-week fiscal year, fiscal period comparisons are offset by one week. Company provides both fiscal calendar and comparable calendar same-restaurant sales metrics to account for this shift. Reported diluted EPS from continuing operations of $2.05 compared to adjusted diluted EPS from continuing operations in prior year of $1.97. Q1 2026 adjustments included Chuy’s transaction and integration costs of $0.02 per share, closed restaurant costs of $0.02 per share, and gain on Olive Garden Canada sale of $(0.26) per share.
Price and volatility reaction
The stock moved -2.3% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 213.69 | 2026-09-23 |
| Close after release | 208.845 | 2026-09-24 |
| Realised move | -2.3% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-24 (8-K, Item 2.02). Read the original filing on sec.gov.