
LongHorn Steakhouse is owned by Darden Restaurants Inc. (NYSE: DRI), a publicly traded casual dining company headquartered in Orlando, Florida. Darden acquired LongHorn Steakhouse in 2007 as part of its purchase of Rare Hospitality International for approximately $1.19 billion. The chain was founded in 1981 by George McKerrow Jr. in Atlanta, Georgia. As of May 2025, LongHorn operates 591 company-owned restaurants and reported $3.03 billion in annual sales for fiscal year 2025.
Parent Company
Acquired
2007
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| LongHorn Steakhouse | Darden Restaurants | Wholly owned |
LongHorn Steakhouse was founded in 1981 by George McKerrow Jr., a restaurateur who had previously managed other Atlanta-area restaurants. The first location opened on Ponce de Leon Avenue in Atlanta, Georgia. The restaurant was designed as a casual steakhouse with a Western theme, offering hand-cut steaks at moderate prices. The concept filled a gap between high-end steakhouses like Morton's and Ruth's Chris and lower-tier chain restaurants.
The original Atlanta location was successful enough that McKerrow and his partners began expanding within Georgia and then throughout the Southeastern United States during the 1980s. The chain grew steadily through both company-owned locations and franchise agreements. By the early 1990s, LongHorn had established itself as a recognizable casual steakhouse brand in the Southeast.
In 1996, LongHorn Steakhouse was acquired by RARE Hospitality International, a publicly traded restaurant company. Under RARE's ownership, LongHorn expanded beyond the Southeast, opening locations in the Midwest, Mid-Atlantic, and Texas. RARE also acquired The Capital Grille in 1996, creating a portfolio of steakhouse concepts at different price points. By the mid-2000s, LongHorn had grown to approximately 280 locations.
Darden Restaurants acquired RARE Hospitality International in 2007 for approximately $1.19 billion, bringing LongHorn Steakhouse and The Capital Grille into Darden's portfolio. The acquisition was Darden's largest at the time and represented a strategic move to diversify beyond its core Italian (Olive Garden) and seafood (Red Lobster) concepts. Darden subsequently sold Red Lobster in 2014 to Golden Gate Capital for $2.1 billion, making LongHorn an increasingly important part of Darden's portfolio.
Under Darden ownership, LongHorn continued to expand. The chain grew from approximately 280 locations at acquisition to 533 by fiscal 2021, 562 by fiscal 2023, and 591 by fiscal 2025. Darden invested in operational improvements, including kitchen technology upgrades and a redesigned restaurant prototype. The brand also expanded its menu beyond steaks to include chicken, seafood, and salad options, though beef remains the core offering.
LongHorn has been one of Darden's strongest performing brands in recent years. In fiscal 2025, LongHorn reported same-restaurant sales growth of 5.1%, outpacing Olive Garden's 1.7% growth. The brand's average annual restaurant sales are approximately $5.1 million per location. Darden plans to open 23 to 26 new LongHorn locations in fiscal 2026.
In April 2025, LongHorn opened its first international location in the Philippines through a franchise agreement, marking the brand's initial expansion outside the United States and its territories.
What restaurants does Darden own?
Darden owns 11 restaurant brands: Olive Garden (936 locations), LongHorn Steakhouse (601), Cheddar's Scratch Kitchen (184), Chuy's (109), Yard House (91), Ruth's Chris Steak House (82), The Capital Grille (73), Seasons 52 (45), Eddie V's (30), Bahama Breeze (28), and The Capital Burger (3). Total: 2,182 restaurants as of November 23, 2025.
Is Darden Restaurants publicly traded?
Yes. Darden Restaurants, Inc. is publicly traded on the New York Stock Exchange under the ticker DRI. The company is a component of the S&P 500. There is no parent company or controlling shareholder.
Who owns Darden Restaurants?
Darden Restaurants is an independent publicly traded corporation with no parent company. The company is owned by institutional investors, mutual funds, and individual shareholders. Major institutional holders include Vanguard Group, BlackRock, and State Street Corporation. There is no dual-class share structure or founder control.
What were Darden's FY2026 financial results?
For FY2026 (fiscal year ended May 31, 2026), Darden reported total sales of $13.21 billion, up 9.4% year over year, with blended same-restaurant sales growth of 4.5%. Reported diluted EPS from continuing operations was $10.44, and adjusted diluted EPS was $10.64, up 11.4% from the prior year. The fiscal year included a 53rd week of operations, which contributed approximately 2.1% to sales growth and $0.25 to EPS.
Does Darden own Red Lobster?
No. Darden sold Red Lobster to Golden Gate Capital in 2014 for $2.1 billion. Red Lobster subsequently filed for Chapter 11 bankruptcy in May 2024. Darden has no ownership interest in Red Lobster.
When was Darden Restaurants founded?
Darden Restaurants was spun off from General Mills as an independent public company in 1995. Its origins trace to 1968 when Bill Darden opened the first Red Lobster in Lakeland, Florida. General Mills acquired Red Lobster in 1970 and developed Olive Garden in 1982 before spinning off the restaurant division as Darden Restaurants.
How many restaurants does Darden operate?
Darden operates 2,182 company-owned restaurants across 11 brands, primarily in the United States. All restaurants are company-owned rather than franchised.
What is Darden's FY2027 outlook?
Darden's FY2027 outlook projects total sales of $13.60 to $13.75 billion, same-restaurant sales growth of 2.5% to 3.5%, 75 to 80 new restaurant openings, total capital spending of approximately $875 million, and diluted EPS from continuing operations of $11.10 to $11.35.
LongHorn Steakhouse's sustainability practices are governed by Darden Restaurants' corporate sustainability framework. Darden publishes an annual sustainability report and has set system-wide goals for environmental reduction across all its brands.
Darden has committed to reducing food waste through portion control protocols and food donation programs. The company partners with Feeding America to donate surplus food from its restaurants, including LongHorn locations. Darden reports that its restaurants donated over 10 million pounds of food in recent years.
On beef sourcing, Darden states that it works with suppliers who meet its animal welfare and sustainability standards. However, LongHorn does not hold independent certifications such as Global Animal Partnership or Certified Humane for its beef supply chain. The brand does not publish specific targets for reducing greenhouse gas emissions from its supply chain.
Darden has implemented energy efficiency measures across its restaurants, including LED lighting retrofits and energy management systems. New LongHorn locations are built using Darden's sustainable design guidelines, which incorporate LEED principles, though the company does not seek formal LEED certification for individual restaurant locations.
LongHorn does not hold B Corp certification, and no independent third-party environmental audits of the brand's specific operations are publicly available. Sustainability claims are reported at the Darden corporate level rather than broken out by individual brand.
LongHorn Steakhouse has received recognition through industry rankings and consumer surveys. The brand has been featured in Newsweek's America's Favorite Restaurant Chains list, which surveys consumers on dining satisfaction across major chain restaurants.
In Darden's internal performance metrics, LongHorn has been recognized for achieving record-high kitchen execution scores and historically low employee turnover rates relative to the casual dining industry. The brand's operational performance has been cited in Darden's investor presentations as a model for the company's "Brilliant with the Basics" strategy.
LongHorn's parent company, Darden Restaurants, has been included in the Forbes Global 2000 list and has received recognition from the National Restaurant Association for its food safety programs. Darden has also been recognized by Fortune as one of the World's Most Admired Companies in the food services industry.
Specific independent awards for LongHorn Steakhouse as a brand entity are limited. The chain has not received James Beard Awards or comparable culinary industry recognition, reflecting its positioning as a mass-market casual dining chain rather than a fine dining concept.
No Major Food Safety Recalls: LongHorn Steakhouse has not been subject to major food safety recalls or widespread foodborne illness outbreaks in its operating history. Darden maintains comprehensive food safety protocols across all its brands, including regular health inspections and supplier quality audits. Isolated incidents at individual locations have occurred but have not escalated to chain-wide recalls.
Beef Supply Chain and Animal Welfare Concerns: As a steakhouse chain, LongHorn's reliance on beef production exposes it to environmental and animal welfare scrutiny. The beef industry is a significant contributor to greenhouse gas emissions, and some environmental advocacy groups have criticized major restaurant chains for insufficient sustainability commitments in their beef sourcing. LongHorn does not publish specific targets for reducing the carbon footprint of its beef supply chain.
Labor and Wage Pressures: LongHorn, like all Darden brands, faces ongoing labor market challenges in the restaurant industry. Darden reported wage inflation of approximately 4% to 5% in fiscal 2025. The company has addressed staffing through improved training programs and competitive compensation, but the broader industry faces pressure from minimum wage increases in multiple states.
Darden's Acquisition of Chuy's (2025): In fiscal 2025, Darden acquired Chuy's Tex Mex for approximately $605 million. While this acquisition does not directly affect LongHorn operations, some industry analysts have questioned whether Darden's expanding brand portfolio could dilute management focus and resources allocated to core brands like LongHorn. Darden management has stated that the company's decentralized brand structure allows each concept to maintain operational independence.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Bloomin Brands | USA | 2000 | Premium | United states | All Genders | |
| Bloomin Brands | United States | 1998 | Premium | North america | All Genders | |
| Freddys Frozen Custard Steakburgers Inc | USA | 2002 | Mass market | United states | All-ages | |
| Hooters Of America | USA | 1983 | Mass market | Global | All-ages | |
| Bloomin Brands | USA | 1988 | Mass market | Global | All-ages | |
| Tgi Fridays Inc | USA | 1965 | Mass market | Global | All-ages |
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Market Positioning: LongHorn Steakhouse competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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