
The Capital Grille is a fine dining steakhouse chain owned by Darden Restaurants Inc. (NYSE: DRI), headquartered in Orlando, Florida. Founded in 1990 and acquired by Darden in 2007, The Capital Grille operates 74 company-owned locations as of May 2026. The brand is part of Darden's Fine Dining segment, which reported FY2026 revenue of $1.38 billion. Darden reported total FY2026 sales of $13.21 billion across its portfolio of restaurant brands.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| The Capital Grille | Darden Restaurants | Wholly owned |
The Capital Grille was founded in 1990 in Providence, Rhode Island, as an upscale steakhouse concept focused on premium beef, dry aging steaks on the premises, fine dining service, and an extensive wine selection. The brand developed a reputation for offering high-quality steaks in an elegant, club-like atmosphere that appealed to business diners and special occasion customers.
Throughout the 1990s and 2000s, The Capital Grille expanded across the United States, establishing itself as a significant player in the fine dining steakhouse segment. The brand became known for its commitment to premium ingredients, attentive service, and curated wine programs.
In October 2007, Darden Restaurants acquired The Capital Grille as part of its acquisition of RARE Hospitality International, which also brought LongHorn Steakhouse into Darden's portfolio. This acquisition marked Darden's strategic expansion into the fine dining steakhouse segment. Under Darden ownership, The Capital Grille has continued to maintain its premium positioning while accessing Darden's operational expertise and resources.
The Capital Grille has grown from 62 locations in FY2022 to 74 locations as of May 31, 2026, with 3 net new locations added in FY2026. The brand continues to operate primarily in major metropolitan cities in the United States.
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.
The Capital Grille operates under Darden Restaurants' sustainability framework. Darden has committed to reducing its environmental footprint through sustainable sourcing, waste reduction, and energy efficiency programs across its restaurant portfolio.
Darden's sustainability initiatives include responsible seafood sourcing guided by Seafood Watch standards, sustainable agricultural practices for beef suppliers, and waste reduction programs. The company works with suppliers who meet environmental and quality standards across all its brands.
The Capital Grille's fine dining format results in higher per-customer resource usage compared to casual dining brands, but the brand benefits from Darden's company-wide sustainability investments, including energy-efficient kitchen equipment, LED lighting, and smart building management systems.
No Leaping Bunny, PETA, Vegan Society, or B Corp certification applies to The Capital Grille or Darden Restaurants.
The Capital Grille has received recognition for its wine program and culinary excellence. The brand's wine list, featuring over 350 selections, has been recognized by Wine Spectator and other wine industry publications. The Capital Grille's dry aging program, conducted on-premises at each restaurant, has been acknowledged by culinary organizations and food critics.
The brand has been consistently recognized in restaurant industry rankings for its premium steakhouse offerings and service quality. The Capital Grille's private dining rooms and event hosting capabilities have made it a preferred venue for business dining and special occasions in major metropolitan markets.
Fine Dining Segment Underperformance: Darden's Fine Dining segment, which includes The Capital Grille, reported same-restaurant sales growth of 1.9% in Q4 FY2026, falling short of analyst expectations of 3.1%. This underperformance relative to other Darden segments reflects the competitive pressures and economic sensitivity of the fine dining category.
Economic Sensitivity: As a premium dining concept with an average check of approximately $107 per person, The Capital Grille is particularly sensitive to economic conditions that affect discretionary spending. Economic downturns and changes in corporate expense accounts can significantly impact the brand's performance.
Bahama Breeze Wind-Down: While not directly affecting The Capital Grille, Darden's February 2026 decision to close 14 Bahama Breeze locations and convert 14 others to different Darden brands reflects the company's broader strategy of focusing on its stronger-performing concepts. This could signal increased scrutiny of underperforming brands within the portfolio.
Red Lobster Legacy: Darden's former brand Red Lobster, which was sold in 2014, filed for Chapter 11 bankruptcy in 2024 and emerged under new ownership in 2025. While The Capital Grille was not affected by this, the Red Lobster experience has informed Darden's approach to brand portfolio management and strategic decision-making.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Bloomin Brands | United States | 1998 | Premium | North america | All Genders | |
| Darden Restaurants | United States | 1981 | Mass market | United states | All Genders | |
| Darden Restaurants | USA | 1965 | Premium | United states | All Genders | |
| Bloomin Brands | USA | 1988 | Mass market | Global | All-ages | |
| Darden Restaurants | United States | 2003 | Mass market | United states | All Genders |
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Upscale American steakhouse chain known for prime beef and extensive wine selection, owned by Bloomin' Brands.
Food Service RestaurantsOwned by Darden Restaurants
American casual dining steakhouse chain with 591 company-owned locations, owned by Darden Restaurants Inc. (NYSE: DRI).
Food Service RestaurantsOwned by Darden Restaurants
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Food Service RestaurantsOwned by Darden Restaurants
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Market Positioning: The Capital Grille competes with 5 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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