{ "ticker": "DRI", "cik": "0000940944", "company": "Darden Restaurants, Inc.", "business_type": "restaurant operator", "schema_template": "full-service restaurant operator: sales, restaurant-level costs (food and beverage, restaurant labor, restaurant expenses, marketing), general and administrative expense, depreciation, operating income, earnings from continuing operations, net earnings and EPS; cash, debt, operating lease assets and liabilities, goodwill, trademarks and equity; operating cash flow, capital expenditures, free cash flow, dividends and share repurchases; sales and segment profit by reportable segment", "schema_rationale": "Darden owns and operates full-service restaurants (Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris, Cheddar's Scratch Kitchen, The Capital Grille, Chuy's and others). Its statement of earnings strikes no gross profit line: it lists restaurant-level costs by nature (food and beverage, restaurant labor, restaurant expenses, marketing) and then corporate costs down to operating income. The record carries those captions as printed, plus the company's four reportable segments (Olive Garden, LongHorn Steakhouse, Fine Dining, Other Business), whose sales and segment profit (restaurant-level earnings) are what move this business. Operating leases are large relative to funded debt, so the lease asset and liability are carried alongside debt.", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual dollars (not millions); share counts in actual shares; per-share amounts in dollars per share", "units_notes_seen": { "FY2026 10-K consolidated statements of earnings": "(In millions, except per share data)", "FY2026 10-K consolidated balance sheets": "(In millions)", "FY2026 10-K consolidated statements of changes in stockholders' equity": "(In millions, except per share data)", "FY2026 10-K consolidated statements of cash flows": "(In millions)", "FY2026 10-K Note 6 segment information": "(in millions)", "Q1 FY2027 10-Q consolidated statements of earnings": "(In millions, except per share data)", "Q1 FY2027 10-Q consolidated balance sheets": "(In millions)", "Q1 FY2027 10-Q consolidated statements of changes in stockholders' equity": "(In millions)", "Q1 FY2027 10-Q consolidated statements of cash flows": "(In millions)", "Q1 FY2027 10-Q Note 6 segment information": "(in millions)" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "None. Darden reports in U.S. dollars, so no translation was required." }, "fiscal_calendar_note": "Darden uses a 52/53-week fiscal year ending on the last Sunday in May. Fiscal 2026 ended May 31, 2026 and had 53 weeks; fiscal 2025 (ended May 25, 2025) and fiscal 2024 (ended May 26, 2024) had 52 weeks each. The first quarter of fiscal 2027 is the 13 weeks ended August 30, 2026; the first quarter of fiscal 2026 is the 13 weeks ended August 24, 2025.", "annual": [ { "fiscal_year": 2026, "label": "FY2026", "period_start": "2025-05-26", "period_end": "2026-05-31", "period_type": "fiscal year", "weeks": 53, "source_accession": "0000940944-26-000025", "income_statement": { "sales": 13210900000, "food_and_beverage": 4038800000, "restaurant_labor": 4182400000, "restaurant_expenses": 2127200000, "marketing_expenses": 180400000, "pre_opening_costs": 34500000, "general_and_administrative_expenses": 514400000, "depreciation_and_amortization": 561100000, "impairments_and_disposal_of_assets_net": -10700000, "total_operating_costs_and_expenses": 11628100000, "operating_income": 1582800000, "interest_net": 194200000, "earnings_before_income_taxes": 1388600000, "income_tax_expense": 174900000, "earnings_from_continuing_operations": 1213700000, "losses_from_discontinued_operations_net_of_tax": -7000000, "net_earnings": 1206700000, "basic_eps_continuing_operations": 10.51, "basic_eps": 10.45, "diluted_eps_continuing_operations": 10.44, "diluted_eps": 10.38, "basic_shares": 115500000, "diluted_shares": 116300000, "dividends_declared_per_share": 6 }, "balance_sheet": { "cash_and_cash_equivalents": 219500000, "inventories": 326300000, "total_current_assets": 942900000, "land_buildings_and_equipment_net": 5048600000, "operating_lease_right_of_use_assets": 3433100000, "goodwill": 1658200000, "trademarks": 1346400000, "total_assets": 12862400000, "accounts_payable": 427700000, "short_term_debt_and_current_portion_of_long_term_debt": 693600000, "total_current_liabilities": 3005400000, "long_term_debt": 1637700000, "operating_lease_liabilities_non_current": 3722300000, "total_liabilities": 10654900000, "total_stockholders_equity": 2207500000, "total_debt": 2331300000 }, "cash_flow": { "depreciation_and_amortization": 561100000, "stock_based_compensation": 79100000, "operating_cash_flow": 1853100000, "capital_expenditures": -734000000, "net_cash_used_in_investing_activities": -711400000, "dividends_paid": -693000000, "repurchases_of_common_stock": -671700000, "principal_payments_on_finance_leases": -18100000, "net_cash_used_in_financing_activities": -1163800000, "cash_used_in_business_acquisitions": 0, "free_cash_flow": 1119100000 }, "segment_sales": { "olive_garden": 5594800000, "longhorn_steakhouse": 3423000000, "fine_dining": 1375700000, "other_business": 2817400000 }, "segment_profit": { "olive_garden": 1257900000, "longhorn_steakhouse": 635100000, "fine_dining": 243100000, "other_business": 446900000, "corporate": 99100000, "total": 2682100000 } }, { "fiscal_year": 2025, "label": "FY2025", "period_start": "2024-05-27", "period_end": "2025-05-25", "period_type": "fiscal year", "weeks": 52, "source_accession": "0000940944-26-000025", "income_statement": { "sales": 12076700000, "food_and_beverage": 3657000000, "restaurant_labor": 3833100000, "restaurant_expenses": 1944000000, "marketing_expenses": 169900000, "pre_opening_costs": 24800000, "general_and_administrative_expenses": 520300000, "depreciation_and_amortization": 516100000, "impairments_and_disposal_of_assets_net": 49200000, "total_operating_costs_and_expenses": 10714400000, "operating_income": 1362300000, "interest_net": 175100000, "earnings_before_income_taxes": 1187200000, "income_tax_expense": 136200000, "earnings_from_continuing_operations": 1051000000, "losses_from_discontinued_operations_net_of_tax": -1400000, "net_earnings": 1049600000, "basic_eps_continuing_operations": 8.94, "basic_eps": 8.93, "diluted_eps_continuing_operations": 8.88, "diluted_eps": 8.86, "basic_shares": 117500000, "diluted_shares": 118400000, "dividends_declared_per_share": 5.6 }, "balance_sheet": { "cash_and_cash_equivalents": 240000000, "inventories": 311600000, "total_current_assets": 937700000, "land_buildings_and_equipment_net": 4716000000, "operating_lease_right_of_use_assets": 3555900000, "goodwill": 1659400000, "trademarks": 1346400000, "total_assets": 12587000000, "accounts_payable": 439600000, "short_term_debt_and_current_portion_of_long_term_debt": 0, "total_current_liabilities": 2247500000, "long_term_debt": 2128900000, "operating_lease_liabilities_non_current": 3816900000, "total_liabilities": 10275700000, "total_stockholders_equity": 2311300000, "total_debt": 2128900000 }, "cash_flow": { "depreciation_and_amortization": 516100000, "stock_based_compensation": 79100000, "operating_cash_flow": 1707000000, "capital_expenditures": -644600000, "net_cash_used_in_investing_activities": -1278300000, "dividends_paid": -658500000, "repurchases_of_common_stock": -418200000, "principal_payments_on_finance_leases": -21000000, "net_cash_used_in_financing_activities": -385800000, "cash_used_in_business_acquisitions": -613700000, "free_cash_flow": 1062400000 }, "segment_sales": { "olive_garden": 5212900000, "longhorn_steakhouse": 3025500000, "fine_dining": 1304800000, "other_business": 2533500000 }, "segment_profit": { "olive_garden": 1163900000, "longhorn_steakhouse": 582700000, "fine_dining": 242500000, "other_business": 397400000, "corporate": 86200000, "total": 2472700000 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2023-05-29", "period_end": "2024-05-26", "period_type": "fiscal year", "weeks": 52, "source_accession": "0000940944-26-000025", "income_statement": { "sales": 11390000000, "food_and_beverage": 3523900000, "restaurant_labor": 3619300000, "restaurant_expenses": 1812300000, "marketing_expenses": 144500000, "pre_opening_costs": 24300000, "general_and_administrative_expenses": 479200000, "depreciation_and_amortization": 459900000, "impairments_and_disposal_of_assets_net": 12400000, "total_operating_costs_and_expenses": 10075800000, "operating_income": 1314200000, "interest_net": 138700000, "earnings_before_income_taxes": 1175500000, "income_tax_expense": 145000000, "earnings_from_continuing_operations": 1030500000, "losses_from_discontinued_operations_net_of_tax": -2900000, "net_earnings": 1027600000, "basic_eps_continuing_operations": 8.59, "basic_eps": 8.57, "diluted_eps_continuing_operations": 8.53, "diluted_eps": 8.51, "basic_shares": 119900000, "diluted_shares": 120800000, "dividends_declared_per_share": 5.24 }, "cash_flow": { "depreciation_and_amortization": 459900000, "stock_based_compensation": 68500000, "operating_cash_flow": 1621700000, "capital_expenditures": -601200000, "net_cash_used_in_investing_activities": -1324600000, "dividends_paid": -628400000, "repurchases_of_common_stock": -453900000, "principal_payments_on_finance_leases": -19900000, "net_cash_used_in_financing_activities": -483400000, "cash_used_in_business_acquisitions": -701100000, "free_cash_flow": 1020500000 }, "segment_sales": { "olive_garden": 5067000000, "longhorn_steakhouse": 2806200000, "fine_dining": 1291500000, "other_business": 2225300000 }, "segment_profit": { "olive_garden": 1117400000, "longhorn_steakhouse": 516800000, "fine_dining": 245000000, "other_business": 340300000, "corporate": 70500000, "total": 2290000000 }, "balance_sheet_note": "The fiscal 2026 Form 10-K presents balance sheets as of May 31, 2026 and May 25, 2025 only, so no balance sheet is reported here for fiscal 2024." } ], "quarterly": [ { "fiscal_year": 2027, "fiscal_quarter": 1, "label": "Q1 FY2027", "period_start": "2026-06-01", "period_end": "2026-08-30", "period_type": "three months", "weeks": 13, "source_accession": "0000940944-26-000042", "income_statement": { "sales": 3200300000, "food_and_beverage": 984900000, "restaurant_labor": 1028900000, "restaurant_expenses": 530500000, "marketing_expenses": 53100000, "pre_opening_costs": 8500000, "general_and_administrative_expenses": 134800000, "depreciation_and_amortization": 144200000, "impairments_and_disposal_of_assets_net": -3900000, "total_operating_costs_and_expenses": 2881000000, "operating_income": 319300000, "interest_net": 50300000, "earnings_before_income_taxes": 269000000, "income_tax_expense": 34700000, "earnings_from_continuing_operations": 234300000, "losses_from_discontinued_operations_net_of_tax": -900000, "net_earnings": 233400000, "basic_eps_continuing_operations": 2.06, "basic_eps": 2.05, "diluted_eps_continuing_operations": 2.05, "diluted_eps": 2.04, "basic_shares": 113600000, "diluted_shares": 114400000, "dividends_declared_per_share": 1.62 }, "balance_sheet": { "cash_and_cash_equivalents": 220500000, "inventories": 321000000, "total_current_assets": 953100000, "land_buildings_and_equipment_net": 5122200000, "operating_lease_right_of_use_assets": 3713800000, "goodwill": 1658200000, "trademarks": 1346400000, "total_assets": 13226600000, "accounts_payable": 470000000, "short_term_debt_and_current_portion_of_long_term_debt": 979700000, "total_current_liabilities": 3199000000, "long_term_debt": 1636100000, "operating_lease_liabilities_non_current": 4009700000, "total_liabilities": 11158200000, "total_stockholders_equity": 2068400000, "total_debt": 2615800000 }, "cash_flow": { "depreciation_and_amortization": 144200000, "stock_based_compensation": 26600000, "operating_cash_flow": 279000000, "capital_expenditures": -175300000, "net_cash_used_in_investing_activities": -171300000, "dividends_paid": -184200000, "repurchases_of_common_stock": -220800000, "principal_payments_on_finance_leases": -5300000, "net_cash_used_in_financing_activities": -104400000, "free_cash_flow": 103700000 }, "segment_sales": { "olive_garden": 1329800000, "longhorn_steakhouse": 860900000, "fine_dining": 304200000, "other_business": 705400000 }, "segment_profit": { "olive_garden": 270800000, "longhorn_steakhouse": 154600000, "fine_dining": 39600000, "other_business": 111500000, "corporate": 26400000, "total": 602900000 } }, { "fiscal_year": 2026, "fiscal_quarter": 1, "label": "Q1 FY2026", "period_start": "2025-05-26", "period_end": "2025-08-24", "period_type": "three months", "weeks": 13, "source_accession": "0000940944-26-000042", "income_statement": { "sales": 3044700000, "food_and_beverage": 929100000, "restaurant_labor": 988000000, "restaurant_expenses": 504200000, "marketing_expenses": 49100000, "pre_opening_costs": 5900000, "general_and_administrative_expenses": 136100000, "depreciation_and_amortization": 135100000, "impairments_and_disposal_of_assets_net": -42000000, "total_operating_costs_and_expenses": 2705500000, "operating_income": 339200000, "interest_net": 45400000, "earnings_before_income_taxes": 293800000, "income_tax_expense": 35900000, "earnings_from_continuing_operations": 257900000, "losses_from_discontinued_operations_net_of_tax": -100000, "net_earnings": 257800000, "basic_eps_continuing_operations": 2.21, "basic_eps": 2.21, "diluted_eps_continuing_operations": 2.19, "diluted_eps": 2.19, "basic_shares": 116700000, "diluted_shares": 117600000, "dividends_declared_per_share": 1.5 }, "cash_flow": { "depreciation_and_amortization": 135100000, "stock_based_compensation": 25000000, "operating_cash_flow": 342500000, "capital_expenditures": -174100000, "net_cash_used_in_investing_activities": -159300000, "dividends_paid": -175100000, "repurchases_of_common_stock": -182700000, "principal_payments_on_finance_leases": -5200000, "net_cash_used_in_financing_activities": -212200000, "free_cash_flow": 168400000 }, "segment_sales": { "olive_garden": 1301100000, "longhorn_steakhouse": 776400000, "fine_dining": 286500000, "other_business": 680700000 }, "segment_profit": { "olive_garden": 267600000, "longhorn_steakhouse": 134900000, "fine_dining": 38700000, "other_business": 109300000, "corporate": 23800000, "total": 574300000 }, "balance_sheet_note": "The first-quarter fiscal 2027 Form 10-Q presents balance sheets as of August 30, 2026 and May 31, 2026 only, so no balance sheet is reported here as of August 24, 2025." } ], "year_to_date": { "label": "First quarter of FY2027 (13 weeks ended August 30, 2026)", "period_start": "2026-06-01", "period_end": "2026-08-30", "period_type": "three months", "source_accession": "0000940944-26-000042", "note": "Fiscal 2027 began on June 1, 2026, so the year-to-date period ended August 30, 2026 is the same 13 weeks as the first quarter of fiscal 2027.", "income_statement": { "sales": 3200300000, "food_and_beverage": 984900000, "restaurant_labor": 1028900000, "restaurant_expenses": 530500000, "marketing_expenses": 53100000, "pre_opening_costs": 8500000, "general_and_administrative_expenses": 134800000, "depreciation_and_amortization": 144200000, "impairments_and_disposal_of_assets_net": -3900000, "total_operating_costs_and_expenses": 2881000000, "operating_income": 319300000, "interest_net": 50300000, "earnings_before_income_taxes": 269000000, "income_tax_expense": 34700000, "earnings_from_continuing_operations": 234300000, "losses_from_discontinued_operations_net_of_tax": -900000, "net_earnings": 233400000, "basic_eps_continuing_operations": 2.06, "basic_eps": 2.05, "diluted_eps_continuing_operations": 2.05, "diluted_eps": 2.04, "basic_shares": 113600000, "diluted_shares": 114400000, "dividends_declared_per_share": 1.62 }, "cash_flow": { "depreciation_and_amortization": 144200000, "stock_based_compensation": 26600000, "operating_cash_flow": 279000000, "capital_expenditures": -175300000, "net_cash_used_in_investing_activities": -171300000, "dividends_paid": -184200000, "repurchases_of_common_stock": -220800000, "principal_payments_on_finance_leases": -5300000, "net_cash_used_in_financing_activities": -104400000, "free_cash_flow": 103700000 } }, "trailing_twelve_months": { "label": "Trailing four quarters ended August 30, 2026 (53 weeks)", "period_start": "2025-08-25", "period_end": "2026-08-30", "period_type": "trailing twelve months", "weeks": 53, "source_accession": "0000940944-26-000042", "source_accessions": [ "0000940944-26-000025", "0000940944-26-000042" ], "derivation": "Fiscal 2026 (from the fiscal 2026 Form 10-K, accession 0000940944-26-000025) plus the first quarter of fiscal 2027 less the first quarter of fiscal 2026 (both from the first-quarter fiscal 2027 Form 10-Q, accession 0000940944-26-000042), line by line. Because fiscal 2026 had 53 weeks, this trailing period spans 53 weeks (August 25, 2025 through August 30, 2026), not 52. Darden does not publish a trailing statement; these figures are computed, not printed. Per-share amounts are not additive and are not reported for this period.", "income_statement": { "sales": 13366500000, "food_and_beverage": 4094600000, "restaurant_labor": 4223300000, "restaurant_expenses": 2153500000, "marketing_expenses": 184400000, "pre_opening_costs": 37100000, "general_and_administrative_expenses": 513100000, "depreciation_and_amortization": 570200000, "impairments_and_disposal_of_assets_net": 27400000, "total_operating_costs_and_expenses": 11803600000, "operating_income": 1562900000, "interest_net": 199100000, "earnings_before_income_taxes": 1363800000, "income_tax_expense": 173700000, "earnings_from_continuing_operations": 1190100000, "losses_from_discontinued_operations_net_of_tax": -7800000, "net_earnings": 1182300000 }, "cash_flow": { "depreciation_and_amortization": 570200000, "stock_based_compensation": 80700000, "operating_cash_flow": 1789600000, "capital_expenditures": -735200000, "net_cash_used_in_investing_activities": -723400000, "dividends_paid": -702100000, "repurchases_of_common_stock": -709800000, "principal_payments_on_finance_leases": -18200000, "net_cash_used_in_financing_activities": -1056000000, "free_cash_flow": 1054400000 } }, "notes": [ "Sources: fiscal 2026, 2025 and 2024 figures come from the fiscal 2026 Annual Report on Form 10-K (accession 0000940944-26-000025, filed July 24, 2026). First-quarter fiscal 2027 and first-quarter fiscal 2026 figures, and the August 30, 2026 balance sheet, come from the first-quarter fiscal 2027 Form 10-Q (accession 0000940944-26-000042, filed October 2, 2026). The statements print dollars in millions to one decimal place, per-share amounts in dollars and share counts in millions; this record stores dollars and shares as whole units.", "Fiscal calendar: fiscal 2026 contained 53 weeks, while fiscal 2025 and fiscal 2024 each contained 52, so part of fiscal 2026's growth over fiscal 2025 reflects the extra week. The 10-Q notes that, because fiscal 2026 had 53 weeks and fiscal 2027 has 52, the first quarter of fiscal 2027 (June 1 to August 30, 2026) does not align by calendar week with the first quarter of fiscal 2026 (May 26 to August 24, 2025).", "Darden's statement of earnings has no gross profit line. Restaurant-level costs are reported by nature (food and beverage, restaurant labor, restaurant expenses, marketing), followed by pre-opening costs, general and administrative expenses, depreciation and amortization, and impairments and disposal of assets, down to operating income. Interest, net is a net expense and is stored as a positive cost, as printed.", "Impairments and disposal of assets, net is stored as printed: a negative amount is a net gain. The first quarter of fiscal 2026 includes a $42.0 million net gain on the sale of the Olive Garden Canada restaurants (sold July 14, 2025), and the first quarter of fiscal 2027 a $4.4 million gain on sales of land and building assets at operating restaurants, partly offset by $0.5 million for discontinued use of certain software assets (10-Q Note 7).", "Net earnings include small losses from discontinued operations, net of tax. diluted_eps and basic_eps are net earnings per share; the per-share amounts from continuing operations are carried separately as printed.", "Cash flow figures are those of continuing operations, as the statements present them; the small operating cash outflows of discontinued operations are excluded. Cash outflows are stored as negative numbers, as printed.", "Free cash flow is not a figure Darden reports in these statements. It is computed here as net cash provided by operating activities of continuing operations less purchases of land, buildings and equipment.", "Total debt is computed as short-term debt and current portion of long-term debt plus long-term debt, both as printed on the balance sheet. The May 25, 2025 balance sheet prints a dash (no balance) for short-term debt and current portion of long-term debt.", "Dividends declared per share are as printed in the statements of changes in stockholders' equity; dividends paid and repurchases of common stock (inclusive of excise taxes) are the cash amounts in the statements of cash flows.", "Segments: Darden reports four segments. Olive Garden and LongHorn Steakhouse are single brands; Fine Dining comprises Ruth's Chris, The Capital Grille and Eddie V's; Other Business comprises Yard House, Cheddar's Scratch Kitchen, Chuy's, Seasons 52, Bahama Breeze and The Capital Burger plus franchise royalties and fees. Segment profit is restaurant-level earnings: sales less food and beverage, restaurant labor, restaurant expenses and marketing. The 'corporate' amount in segment profit reflects non-cash lease-related expenses that Darden records at the corporate level, and 'total' is the consolidated segment profit the filings reconcile to earnings before income taxes. The four segments' sales sum to consolidated sales in every period shown.", "The 10-K states that Darden changed its segment profit measure \"during the fourth quarter of 2025\" to exclude pre-opening costs and recast fiscal 2024 for comparability, so segment profit is on the same basis in every period in this record. First-quarter fiscal 2026 Olive Garden segment results include sales from the Olive Garden Canada restaurants sold on July 14, 2025.", "The 10-Q presents the May 31, 2026 balance sheet with accrued payroll and employee benefits of $648.1 million and other current liabilities of $543.0 million, where the 10-K printed accrued payroll of $236.1 million and other current liabilities of $955.0 million; the two lines sum to the same $1,191.1 million, and total current liabilities are unchanged at $3,005.4 million. Neither line is carried in this record.", "Year to date: fiscal 2027 began on June 1, 2026, so the year-to-date period equals the first quarter of fiscal 2027.", "Trailing four quarters: computed as fiscal 2026 plus the first quarter of fiscal 2027 less the first quarter of fiscal 2026. Because fiscal 2026 had 53 weeks, this trailing period covers 53 weeks (August 25, 2025 through August 30, 2026)." ], "uncertainties": [ "The trailing four-quarter figures are computed rather than printed by Darden, and span 53 weeks rather than 52 because of fiscal 2026's extra week; they are not directly comparable with a 52-week fiscal year.", "No balance sheet is reported for fiscal 2024 or as of August 24, 2025, because the filings this record is built from do not present those dates." ], "headline": { "period": "Q1 FY2027", "period_end_words": "August 30, 2026", "metrics": [ { "label": "Sales", "format": "usd", "value": 3200300000, "text": "$3.2 billion", "exact": "$3,200,300,000", "compact": "$3.20B", "abs": "$3.2 billion", "prior_value": 3044700000, "prior": "$3.04 billion", "priorabs": "$3.04 billion", "yoy": "up 5.1%", "source": { "array": "quarterly", "field": "income_statement.sales", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-08-30", "period_start": "2026-06-01", "span_days": 90, "source_accession": "0000940944-26-000042", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-08-24", "prior_period_start": "2025-05-26", "prior_span_days": 90, "prior_source_accession": "0000940944-26-000042", "gap_days": 371 } }, { "label": "Net earnings", "format": "usd", "value": 233400000, "text": "$233.4 million", "exact": "$233,400,000", "compact": "$233.40M", "abs": "$233.4 million", "prior_value": 257800000, "prior": "$257.8 million", "priorabs": "$257.8 million", "yoy": "down 9.5%", "source": { "array": "quarterly", "field": "income_statement.net_earnings", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-08-30", "period_start": "2026-06-01", "span_days": 90, "source_accession": "0000940944-26-000042", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-08-24", "prior_period_start": "2025-05-26", "prior_span_days": 90, "prior_source_accession": "0000940944-26-000042", "gap_days": 371 } }, { "label": "Diluted EPS from continuing operations", "format": "eps", "value": 2.05, "text": "$2.05", "exact": "$2.05", "compact": "$2.05", "abs": "$2.05", "prior_value": 2.19, "prior": "$2.19", "priorabs": "$2.19", "yoy": "down 6.4%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps_continuing_operations", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-08-30", "period_start": "2026-06-01", "span_days": 90, "source_accession": "0000940944-26-000042", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-08-24", "prior_period_start": "2025-05-26", "prior_span_days": 90, "prior_source_accession": "0000940944-26-000042", "gap_days": 371 } }, { "label": "Olive Garden sales", "format": "usd", "value": 1329800000, "text": "$1.33 billion", "exact": "$1,329,800,000", "compact": "$1.33B", "abs": "$1.33 billion", "prior_value": 1301100000, "prior": "$1.30 billion", "priorabs": "$1.30 billion", "yoy": "up 2.2%", "source": { "array": "quarterly", "field": "segment_sales.olive_garden", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-08-30", "period_start": "2026-06-01", "span_days": 90, "source_accession": "0000940944-26-000042", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-08-24", "prior_period_start": "2025-05-26", "prior_span_days": 90, "prior_source_accession": "0000940944-26-000042", "gap_days": 371 } }, { "label": "LongHorn Steakhouse sales", "format": "usd", "value": 860900000, "text": "$860.9 million", "exact": "$860,900,000", "compact": "$860.90M", "abs": "$860.9 million", "prior_value": 776400000, "prior": "$776.4 million", "priorabs": "$776.4 million", "yoy": "up 10.9%", "source": { "array": "quarterly", "field": "segment_sales.longhorn_steakhouse", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-08-30", "period_start": "2026-06-01", "span_days": 90, "source_accession": "0000940944-26-000042", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-08-24", "prior_period_start": "2025-05-26", "prior_span_days": 90, "prior_source_accession": "0000940944-26-000042", "gap_days": 371 } } ], "summary": "Darden Restaurants reported sales of $3.2 billion for Q1 FY2027, the quarter ended August 30, 2026, up 5.1% from a year earlier, with Olive Garden sales of $1.33 billion (up 2.2%) and LongHorn Steakhouse sales of $860.9 million (up 10.9%). Net earnings were $233.4 million, down 9.5%, and diluted earnings per share from continuing operations were $2.05, against $2.19 a year earlier. The decline in earnings reflects a gain on the sale of Darden's Olive Garden restaurants in Canada that was recorded in the year-ago quarter.", "qa": [ { "q": "How much revenue did Darden Restaurants report in Q1 FY2027?", "a": "Darden Restaurants reported sales of $3.2 billion for Q1 FY2027, the quarter ended August 30, 2026, up 5.1% from $3.04 billion in the same quarter a year earlier. The growth came from new restaurants and higher same-restaurant sales." }, { "q": "What was Darden Restaurants' earnings per share in Q1 FY2027?", "a": "Darden Restaurants reported diluted earnings per share from continuing operations of $2.05 in Q1 FY2027, down 6.4% from $2.19 a year earlier, and net earnings of $233.4 million. The year-ago quarter included a pre-tax gain on the sale of Darden's Olive Garden restaurants in Canada, which accounts for the decline." }, { "q": "Why did Darden's net earnings fall in Q1 FY2027?", "a": "Darden Restaurants' net earnings were $233.4 million in Q1 FY2027, down 9.5% from $257.8 million a year earlier, even though sales were up 5.1%. The year-ago quarter included a one-time gain on the sale of Darden's Olive Garden restaurants in Canada, which the current quarter did not repeat." }, { "q": "How did Olive Garden and LongHorn Steakhouse sales do in Q1 FY2027?", "a": "Olive Garden, Darden Restaurants' largest brand, had sales of $1.33 billion in Q1 FY2027, up 2.2% from $1.30 billion a year earlier. LongHorn Steakhouse sales were $860.9 million, up 10.9% from $776.4 million." } ] }, "company_details": { "Name": "Darden Restaurants Inc", "Ticker": "DRI", "CIK": "0000940944", "Exchange": "NYSE", "State": "Florida", "Incorporation": "Florida", "SIC": "5812", "Office": "Trade & Services", "Industry": "Retail-Eating Places" }, "next_filing": { "predicted_date": "2026-12-29", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2027, "fiscal_period": "Q1", "tag": "FY27Q1", "period_end": "2026-08-30", "form": "10-Q", "accession": "0000940944-26-000042", "fiscal_year_end": "0530", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2026, "fiscal_period": "FY", "tag": "FY26", "period_end": "2026-05-31", "filed": "2026-07-24", "accession": "0000940944-26-000025", "url": "https://www.sec.gov/Archives/edgar/data/940944/000094094426000025/dri-20260531.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2027, "fiscal_period": "Q1", "tag": "FY27Q1", "period_end": "2026-08-30", "filed": "2026-10-02", "accession": "0000940944-26-000042", "url": "https://www.sec.gov/Archives/edgar/data/940944/000094094426000042/dri-20260830.htm", "source": "facts" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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