DARDEN RESTAURANTS INC

Listed Company

DRICIK 0000940944NYSELarge AcceleratedRetail-Eating PlacesFloridaFY ends May 30

Period

FY 2025

Revenue

$12.08B

Net Income

$1.05B

Total Assets

$12.59B

Equity

$2.31B

Shares Out

114.54M

Op. Cash Flow

$1.71B

DRI$198.52−4.13% · past yearDBEQ Basic

Daily closing prices

Business

Darden Restaurants, Inc. owns and operates full-service restaurants under eleven brands including Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Chuy's, Yard House, Ruth's Chris, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger, primarily in the United States and Canada. The company generates revenue from food and beverage sales across casual dining, steakhouse, and fine dining concepts. Darden also operates a franchise model in select international geographies and licenses branded consumer products through retail distribution.

Summary from 10-K filed 2025-07-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Sales	12,077	11,390	10,488	9,630	7,196
Restaurant labor	3,833	3,619	3,346	3,109	2,286
Marketing expenses	170	145	118	93	91
Pre-opening costs	25	24	26	—	—
General and administrative expenses	520	479	386	373	396
Depreciation and amortization	516	460	388	368	351
Impairments and disposal of assets, net	49	12	−11	−2	7
Total operating costs and expenses	10,714	10,076	9,286	8,468	6,547
Operating income	1,362	1,314	1,202	1,162	649
Interest, net	175	139	81	69	64
Earnings before income taxes	1,190	1,180	1,121	1,094	577
Income tax expense	136	145	137	139	−56
Earnings from continuing operations	1,051	1,031	984	955	632
Losses from discontinued operations, net of tax benefit of $0.8, $1.7 and $0.8, respectively	−1	−3	−2	−2	−3
Net earnings	1,050	1,028	982	953	629
Earnings from continuing operations (in dollars per share)	8.94	8.59	8.07	7.47	4.85
Losses from discontinued operations (in dollars per share)	−0.01	−0.02	−0.01	−0.01	−0.02
Net earnings (in dollars per share)	8.93	8.57	8.06	7.46	4.83
Earnings from continuing operations (in dollars per share)	8.88	8.53	8	7.4	4.8
Losses from discontinued operations (in dollars per share)	−0.02	−0.02	−0.01	−0.01	−0.03
Net earnings (in dollars per share)	8.86	8.51	7.99	7.39	4.77
Basic (in shares)	118	120	122	128	130
Diluted (in shares)	118	121	123	129	132

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Cash and cash equivalents	240	195	368	421	1,215
Receivables, net	94	79	80	72	68
Inventories	312	291	288	271	191
Prepaid income taxes	136	122	107	275	337
Prepaid expenses and other current assets	157	137	155	141	60
Total current assets	938	823	998	1,179	1,871
Land, buildings and equipment, net	4,716	4,184	3,725	3,356	2,869
Operating lease right-of-use assets	3,556	3,429	3,374	3,465	3,776
Goodwill	1,659	1,391	1,037	1,037	1,037
Trademarks	1,346	1,148	806	806	806
Other assets	372	348	301	292	296
Total assets	12,587	11,323	10,242	10,136	10,656
Accounts payable	440	400	426	367	305
Short-term debt	0	87	0	—	0
Accrued payroll	208	190	173	182	177
Accrued income taxes	5	6	8	32	36
Other accrued taxes	83	71	66	65	61
Unearned revenues	599	592	512	498	474
Other current liabilities	913	847	753	705	796
Total current liabilities	2,248	2,193	1,937	1,848	1,848
Long-term debt	2,129	1,370	885	901	—
Deferred income taxes	279	232	142	201	222
Operating lease liabilities - non-current	3,817	3,705	3,668	3,756	4,089
Other liabilities	1,804	1,581	1,408	1,232	755
Total liabilities	10,276	9,081	8,040	7,938	7,843
Common stock and surplus, no par value. Authorized 500.0 shares; issued 117.0 and 118.9 shares, respectively; outstanding 117.0 and 118.9 shares, respectively	2,296	2,252	2,231	2,226	2,287
Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding	0	0	0	0	0
Retained earnings (deficit)	−16	−36	−33	−26	522
Accumulated other comprehensive income	32	26	3	−2	4
Total stockholders equity	2,311	2,243	2,202	2,198	2,813
Total liabilities and stockholders equity	12,587	11,323	10,242	10,136	10,656

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Stock-based compensation expense	79	69	68	61	72
Change in current assets and liabilities	12	95	176	−97	−26
Contributions to pension and postretirement plans	−2	−2	−2	−2	−2
Deferred income taxes	5	−3	−60	−24	169
Change in other assets and liabilities	0	−23	9	−7	23
Other, net	−3	−17	2	13	−33
Net cash provided by operating activities of continuing operations	1,707	1,622	1,553	1,265	1,194
Purchases of land, buildings and equipment	−645	−601	−565	−377	−255
Proceeds from disposal of land, buildings and equipment	3	3	25	10	5
Cash used in business acquisitions, net of cash acquired	−614	−701	0	0	0
Purchases of capitalized software and other assets	−27	−27	−29	−26	−15
Other, net	5	2	500,000	3	1
Net cash used in investing activities of continuing operations	−1,278	−1,325	−568	−389	−264
Net proceeds from issuance of common stock	56	44	35	40	46
Dividends paid	−659	−628	−590	−563	−203
Repurchases of common stock	−418	−454	−459	−1,071	−45
(Repayment of) proceeds from commercial paper, net	−87	87	0	—	—
Proceeds from the issuance of long-term debt	750	1,100	0	0	—
Repayments of long-term debt	0	−600	0	0	—
Principal payments on finance leases, net	−21	−20	−20	−13	−7
Payment of debt issuance costs	−7	−12	−200,000	−3	—
Net cash used in financing activities of continuing operations	−386	−483	−1,033	−1,610	−479
Net cash used in operating activities of discontinued operations	−9	−10	−7	−9	500,000
Net cash used in discontinued operations	−9	−10	−7	−9	500,000
Increase (Decrease) in cash, cash equivalents, and restricted cash	34	−196	−56	−743	451
Receivables, net	−13	9	−8	−4	−18
Inventories	−21	6	−17	−80	16
Prepaid expenses and other current assets	−7	−1	−25	−23	3
Accounts payable	27	−11	41	43	49
Accrued payroll	13	8	−8	4	27
Prepaid/accrued income taxes	−15	5	143	59	−289
Other accrued taxes	8	5	1	4	17
Unearned revenues	5	13	14	24	6
Other current liabilities	14	63	35	−124	163

Filings

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Frequently asked questions

What is DARDEN RESTAURANTS INC's CIK number?

DARDEN RESTAURANTS INC's SEC CIK number is 0000940944 (940944). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find DARDEN RESTAURANTS INC's SEC filings?

All of DARDEN RESTAURANTS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did DARDEN RESTAURANTS INC last report earnings?

DARDEN RESTAURANTS INC (DRI) most recently filed an earnings 8-K with the SEC on Jun 25, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000940944-26-000016). This is DARDEN RESTAURANTS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is DARDEN RESTAURANTS INC's most recent earnings 8-K?

DARDEN RESTAURANTS INC's latest earnings 8-K (Item 2.02) was filed Jun 25, 2026 under accession 0000940944-26-000016. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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