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DRI

Darden Restaurants, Inc.

DRI

Darden Restaurants, Inc. • NYSE
$179.58 ▼ -0.23% (-0.42)
Market Cap $21.02 B
52w High $228.27
52w Low $159.67
Dividend Yield 5.80%
P/E 19.23
Volume 373.09K
Outstanding Shares 117.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $3.045B ▼ $1.776B ▲ $257.8M ▼ 8.467% ▼ $2.21 ▼ $428.9M ▼
Q4-2025 $3.272B ▲ $382M ▲ $303.8M ▼ 9.286% ▼ $2.59 ▼ $520.1M ▼
Q3-2025 $3.158B ▲ $284.1M ▼ $323.4M ▲ 10.241% ▲ $2.76 ▲ $550.2M ▲
Q2-2025 $2.89B ▲ $320.6M ▲ $215.1M ▲ 7.443% ▼ $1.83 ▲ $419.8M ▲
Q1-2025 $2.757B $293.6M $207.2M 7.515% $1.75 $391.7M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $211M ▼ $12.76B ▲ $10.534B ▲ $2.226B ▼
Q4-2025 $240M ▲ $12.587B ▲ $10.276B ▼ $2.311B ▲
Q3-2025 $224.2M ▲ $12.561B ▲ $10.358B ▼ $2.203B ▲
Q2-2025 $217.3M ▲ $12.519B ▲ $10.448B ▲ $2.071B ▼
Q1-2025 $192.5M $11.355B $9.212B $2.144B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $257.8M ▼ $342.5M ▼ $-159.3M ▲ $-212.2M ▲ $-29M ▼ $342.5M ▲
Q4-2025 $303.8M ▼ $456.4M ▼ $-178.7M ▼ $-261.9M ▲ $15.8M ▲ $284.4M ▼
Q3-2025 $323.7M ▲ $580.3M ▲ $-160.3M ▲ $-422.8M ▼ $-2.8M ▼ $417.1M ▲
Q2-2025 $214.7M ▲ $388.6M ▲ $-789.6M ▼ $425.6M ▲ $24.6M ▲ $212.8M ▲
Q1-2025 $207.6M $273.2M $-149.7M $-126.7M $-3.2M $121.7M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Fine Dining Segment
Fine Dining Segment
 $310.00M ▲$390.00M ▲$330.00M ▼$290.00M ▼
LongHorn Steakhouse
LongHorn Steakhouse
 $710.00M ▲$770.00M ▲$830.00M ▲$780.00M ▼
Olive Garden
Olive Garden
 $1.29Bn ▲$1.33Bn ▲$1.38Bn ▲$1.30Bn ▼

Five-Year Company Overview

Income Statement

Income Statement Darden’s income statement shows a healthy, steady climb in both sales and profits over the past several years. Revenue has grown consistently, and profit measures like operating income and earnings per share have increased alongside it, not just bounced from a pandemic low. Margins appear relatively stable to slightly stronger, suggesting the company is managing food, labor, and other restaurant costs reasonably well even as it grows. Overall, the business looks like a mature operator that is still finding ways to grow its earnings, though future results will remain sensitive to consumer spending and restaurant traffic trends.

Balance Sheet

Balance Sheet The balance sheet looks solid but somewhat debt-heavy. Total assets have grown, reflecting ongoing expansion and acquisitions, while shareholder equity has stayed fairly flat, which likely reflects significant dividends and share repurchases. Debt has ticked up again in the most recent years, meaning leverage is something to monitor, especially in a downturn. Cash on hand is modest rather than abundant, implying reliance on steady cash generation and credit access rather than a large cash cushion. In short, the balance sheet supports growth but doesn’t leave huge room for error if conditions weaken sharply.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has increased steadily, and free cash flow remains solid even as the company has stepped up its investment in new restaurants and remodels. Rising capital spending suggests confidence in future demand and a focus on long-term growth. At the same time, the business appears to produce more than enough cash to cover investments, debt service, and shareholder returns. The key risk is that this strength depends on maintaining high restaurant volumes; any sustained traffic decline would pressure this otherwise robust cash engine.

Competitive Edge

Competitive Edge Darden holds a leading position in full-service dining, supported by well-known brands like Olive Garden and LongHorn Steakhouse plus a range of higher-end and specialty concepts. Its large scale gives it purchasing power, marketing efficiency, and shared infrastructure that many competitors lack. The broad portfolio helps balance different customer segments and price points, making the company less dependent on any single concept. At the same time, it still faces intense competition from other chains, independents, fast casual, and delivery-focused players, and remains exposed to shifts in consumer tastes and budget-conscious behavior.

Innovation and R&D

Innovation and R&D Darden is leaning heavily into technology and data rather than traditional “lab-style” R&D. It uses advanced analytics and AI to refine menus, pricing, marketing, and staffing, aiming to squeeze more value out of each restaurant. New point-of-sale systems and AI-enabled tools should improve speed, accuracy, and insight into customer behavior. Partnerships for delivery and digital ordering expand its reach beyond the dining room. Ongoing menu experimentation and brand acquisitions, such as high-end steak and Tex-Mex concepts, add new growth avenues. The challenge is execution: integrating new brands, technology, and delivery while preserving service quality and brand identity.

Summary

Across the financials, Darden looks like a scaled, mature restaurant operator that is still growing rather than just defending its position. Revenues, profits, and cash flows are trending in the right direction, supported by strong brands and operational discipline. The balance sheet carries a noticeable but manageable level of debt, relying on steady cash generation rather than large cash reserves. Strategically, Darden benefits from size, a diverse portfolio, and rising digital capabilities, but remains exposed to the cyclical nature of dining out and fierce competition. Future performance will hinge on maintaining traffic, integrating acquisitions well, and successfully executing its technology and expansion plans without diluting the guest experience.

NEWS

November 20, 2025 · 4:15 PM UTC

Darden Restaurants to Host Fiscal 2026 Second Quarter Conference Call on December 18

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September 22, 2025 · 2:00 AM UTC

DTEK subsidiary, DRI, picks Fluence to deliver Trzebinia battery project

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September 18, 2025 · 7:00 AM UTC

Darden Restaurants Reports Fiscal 2026 First Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2026 Financial Outlook

Read more