Skip to content
AnalystLens

DARDEN RESTAURANTS INCDRI

Sector
Consumer
Industry
Retail-Eating Places
Exchange
NYSE

Stock Price $DRI

Latest filings

You are here#29 of 30 in Consumer Discretionary by market cap

Filing record · 2016–202610-K1210-Q338-K98

DRI filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 98 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Apr ’17Apr ’17
  2. FY2019 annual report10-K · Jul ’19Jul ’19
  3. Leadership change8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Sep ’25Sep ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $12.08B
YoY changeLargest recent move+33.8%in FY22Latest +6.0%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All DRI Financial Metrics59 metrics

Income Statement15

Balance Sheet24

Cash Flow15

Per Share5

02—Overview

DARDEN RESTAURANTS INC Financial Overview 2022–2026

Updated Aug 15, 2026

Expanding operating income by 16.2%a during FY2026 proved Darden Restaurants can absorb major brand integrations without sacrificing its bottom line. The restaurant operator’s strategy of pairing steady organic traffic with acquisitions—namely Ruth's Chris Steak House and Chuy's Holdings—has built a compounded earnings engine.

This M&A playbook, combined with consistent footprint expansion, drove total sales from $9.63 billion in FY2022 to $13.21 billionb in FY2026. During this period, the company integrated 80 net new locations from Ruth's Chris in FY2024 and added 103 Chuy's units in FY2025, financing the latter via a $750 million senior note offering. Despite inflationary pressures on food and labor costs, Darden generated a 4.5% blended same-restaurant sales increase in FY2026, pushing diluted earnings per share up 17.6% to $10.44. To protect margins, the company actively optimized its portfolio by divesting its Canadian Olive Garden operations and shuttering underperforming Bahama Breeze locations.

Darden continuously directs its operating cash flow back to investors, paying out $658.5 millionc in dividends and executing $418.2 million in share repurchases during FY2025. At the close of FY2025, the market awarded the restaurant group a $23.9 billion market capitalization, with shares closing at $204.02 and carrying a 23.0x P/E ratio. Following the earnings surge in FY2026, the stock ended the fiscal year nearly flat at $203.91, as the market digested the scale of its newly expanded, multi-brand portfolio.

Recent Developments (Q3 and Q4 2026)

Darden shifted focus to future footprint expansion, projecting FY2027 sales between $13.60 billiond and $13.75 billion alongside 75 to 80 new restaurants. Despite overarching annual growth, Q3 2026 revealed near-term profitability headwinds, with net earnings dropping 4.0% to $310.6 million and quarterly EPS declining 2.2%.

To bolster shareholder value, the board hiked the quarterly dividend and authorized a new $1.5 billione share repurchase program in Q4 2026. This replaces a previous $1 billion authorization that saw $534.4 million deployed during the first nine months of the fiscal year. Bulls see aggressive capital returns and continued unit growth as clear catalysts for sustained cash flow generation. Conversely, bears note that third-quarter earnings contractions indicate lingering cost pressures that could threaten short-term profitability. Valued at 22.2x earnings as of July 24, 2026, the stock trades at a multiple that leaves little room for execution missteps.

What to watch: margin stabilization following the Q3 2026 earnings contraction; progress on the 75 to 80 new unit openings scheduled for FY2027.

03—Filings

Recent SEC Filings

  1. 8-KDARDEN RESTAURANTS INC 8-K Report, Financial Results (Sep 24, 2026)Darden Restaurants reported first-quarter fiscal 2027 results (quarter ended August 30, 2026) with total sales up 5.1% to $3.2 billion and blended same-restaurant sales up 3.1% on a fiscal-calendar basis (3.2% on a comparable-calendar basis). Every segment posted positive same-restaurant sales, led by LongHorn Steakhouse at 6.2%, while Olive Garden grew 1.1% and Fine Dining grew 1.6%. Diluted EPS from continuing operations was $2.05, up 4.1% from prior-year adjusted EPS of $1.97. Reported EPS was down from the $2.19 GAAP figure a year earlier, because the prior-year quarter included a $42.0 million gain on the Olive Garden Canada sale. Management reaffirmed full-year fiscal 2027 EPS guidance of $11.10 to $11.35. The quality of the quarter is mixed beneath the headline. Operating income fell 5.9% to $319.3 million, but excluding the prior-year gain it rose roughly 7%. Interest expense increased to $50.3 million from $45.4 million. Operating cash flow fell 19% to $279.0 million, driven by a $122.2 million working-capital outflow. Free cash flow after capex of $175.3 million was about $104 million, versus roughly $168 million a year earlier. Shareholder returns of $184.2 million in dividends and $220.8 million in buybacks exceeded free cash flow, and the gap was funded by a $285.9 million increase in short-term borrowings. Short-term debt rose to $979.7 million from $693.6 million, and stockholders' equity declined to $2.07 billion from $2.21 billion. The company also declared a quarterly dividend of $1.62 per share, payable November 2, 2026 to holders of record on October 9, 2026. It repurchased about 1.1 million shares for $222.3 million and has $1.3 billion remaining under its $1.5 billion authorization. The press release notes that Bahama Breeze, with 10 units remaining versus 28 a year earlier, is expected to be closed or converted by Q4 fiscal 2027. Investors will likely focus on whether improving same-restaurant sales can support earnings growth and sustain shareholder returns without further increasing leverage.
  2. 8-KDARDEN RESTAURANTS INC 8-K Report, Shareholder Vote Results (Sep 24, 2026)Darden Restaurants Inc. (DRI) filed an 8-K on September 24, 2026, reporting the results of its Annual Shareholder Meeting held on September 23, 2026. The meeting saw the election of nine directors to the board, all of whom received strong support from shareholders. Additionally, shareholders provided advisory approval for the company's executive compensation plan and ratified the appointment of KPMG LLP as the independent registered public accounting firm for the upcoming fiscal year.
  3. 8-KDARDEN RESTAURANTS INC 8-K Report, Financial Results (Jun 25, 2026)Darden Restaurants reported fiscal 2026 fourth-quarter and full-year results for the period ended May 31, 2026, a 53-week year versus 52 weeks in the prior year. Q4 total sales rose 13.7% to $3.72 billion, with the extra week contributing 7.6% of that growth and blended same-restaurant sales up 4.6%. Adjusted diluted EPS from continuing operations was $3.66, up 22.8%. For the full year, sales grew 9.4% to $13.21 billion, same-restaurant sales rose 4.5%, and adjusted diluted EPS reached $10.64, up 11.4%. LongHorn Steakhouse was the standout brand, while Olive Garden grew same-restaurant sales 4.0% for the year. Reported results were modestly affected by closure, impairment, and Chuy's integration costs, and the company also recorded a $42.1 million pre-tax gain from the Olive Garden Canada sale that is excluded from adjusted figures. Capital return was a central theme. The board raised the quarterly dividend 8.0% to $1.62 per share and authorized a new $1.5 billion share repurchase program with no expiration, replacing the prior authorization. Management highlighted about 9% annualized adjusted EBITDA growth since 2019 and said cash generation funds maintenance capex, dividend growth, and new unit development. Full-year operating cash flow was $1.85 billion against $734 million of capital expenditures. Fiscal 2026 dividends paid were $693 million and buybacks were $672 million. Fiscal 2027 guidance calls for total sales of $13.60 to $13.75 billion, same-restaurant sales growth of 2.5% to 3.5%, and diluted EPS from continuing operations of $11.10 to $11.35, implying roughly 4% to 7% growth over the $10.64 adjusted base. Management expects 75 to 80 new restaurant openings and capex of about $875 million. Balance sheet changes to note include short-term debt rising to $693.6 million, which will need to be refinanced or repaid, and total debt falling from about $2.1 billion to $2.3 billion including the current portion. Separately, the board amended the bylaws, which is largely governance housekeeping.
  4. 8-KDARDEN RESTAURANTS INC 8-K Report, Financial Results (Mar 19, 2026)Darden Restaurants (DRI) reported fiscal 2026 third-quarter results (quarter ended February 22, 2026) that showed solid top-line momentum and an adjusted earnings beat. Total sales rose 5.9% to $3.35 billion, driven by a blended same-restaurant sales increase of 4.2% and 31 net new restaurants. LongHorn Steakhouse (+7.2% same-restaurant sales) and Olive Garden (+3.2%) led the portfolio, and management said both significantly outperformed the industry same-restaurant sales benchmark. Adjusted diluted EPS from continuing operations was $2.95, up 5.4% year over year. Reported diluted EPS from continuing operations was $2.68, down from $2.74, reflecting roughly $0.27 of after-tax adjustments, mainly a $0.16 non-cash impairment tied to Bahama Breeze closures, $0.05 of closure and strategic review costs, and a $0.06 income tax benefit. The company raised the low end of its fiscal 2026 adjusted EPS outlook to $10.57–$10.67 (from the prior range, which is not stated in this filing), and now guides to total sales growth of about 9.5%, including roughly 2 points from a 53rd week, and same-restaurant sales growth of about 4.5%. Reported EPS guidance was set at $10.40–$10.50. Capital returns remained significant: Darden repurchased $127 million of stock in the quarter, leaving $516 million under its $1 billion authorization, and declared a quarterly dividend of $1.50 per share payable May 1, 2026. Balance-sheet and cash-flow signals warrant attention. Short-term debt rose to $290 million from zero at fiscal year-end, and nine-month share repurchases ($534 million) and dividends ($522 million) together exceeded operating cash flow of continuing operations ($1.28 billion) after $541 million of capital expenditures. Retained earnings turned to a deficit of $(217) million and total stockholders' equity declined to $2.10 billion from $2.31 billion. Investors will likely focus on whether margin pressure from labor and inflation (guided at about 3.5%) is contained and how the Bahama Breeze exit and Chuy's integration progress.
  5. 8-KDARDEN RESTAURANTS INC 8-K Report, Financial Results (Dec 18, 2025)Darden Restaurants (DRI) reported fiscal 2026 second-quarter results for the quarter ended November 23, 2025, showing top-line strength and solid earnings growth despite commodity headwinds. Total sales rose 7.3% to $3.1 billion, driven by a blended same-restaurant sales increase of 4.3% and 30 net new restaurants. Every segment posted positive same-restaurant sales, with LongHorn Steakhouse (+5.9%) and Olive Garden (+4.7%) leading. Reported diluted EPS from continuing operations was $2.03, and adjusted EPS was $2.08, up 2.5% year over year after excluding Chuy's integration costs and closed-restaurant costs. Management also returned capital, repurchasing $222 million of stock and declaring a quarterly dividend of $1.50 per share. The company raised the low end of its fiscal 2026 adjusted EPS outlook to $10.50-$10.70 and guided total sales growth of 8.5%-9.3%, which includes roughly 2 points from a 53rd week. Same-restaurant sales guidance is 3.5%-4.3%, and management expects 65-70 new openings and $750-775 million in capital spending. Management also flagged total inflation of about 3.5%. The guidance includes a gain on the Olive Garden Canada sale of $0.26 per share, which is excluded from adjusted EPS, so investors should focus on the adjusted figure when comparing with prior periods. Balance sheet activity is worth monitoring. Short-term debt rose to $438 million from zero at fiscal year-end, while cash fell to $224 million. Retained earnings turned to a deficit of $(235.7) million, and total stockholders' equity declined to $2.08 billion, reflecting buybacks and dividends that exceeded earnings in the period. Operating cash flow was roughly flat at $663 million for the six months, while capital expenditures rose to $375 million. Investors will likely look for continued traffic-driven growth and margin management as commodity costs remain a headwind.
View all 8-K filings →
View all filings (10-K, 10-Q, 8-K, proxy & more) →

04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.