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Darden Restaurants, Inc. (DRI) Q1 FY2027 Financial Statements: Sales $3.20B, Net earnings $233.40M

CIK 0000940944 · NYSE · Latest period: Q1 FY2027 (ended 2026-08-30, 10-Q accession 0000940944-26-000042) · Annual report: FY2026 10-K (filed 2026-07-24, accession 0000940944-26-000025) · Next expected filing: 10-Q ~2026-12-29

More for Darden Restaurants: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ1 FY2027

Published

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.

MetricAmountvs. year ago
Sales$3,200,300,000up 5.1%
Net earnings$233,400,000down 9.5%
Diluted EPS from continuing operations$2.05down 6.4%
Olive Garden sales$1,329,800,000up 2.2%
LongHorn Steakhouse sales$860,900,000up 10.9%

Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.

About this file

TickerDRI
CIK0000940944
CompanyDarden Restaurants, Inc.
Business typerestaurant operator
Schema templatefull-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 rationaleDarden 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 currencyUSD
Converted to USDno
Unitsactual dollars (not millions); share counts in actual shares; per-share amounts in dollars per share
Fiscal calendar noteDarden 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.

DRI annual income statement, balance sheet and cash flow

FY2026FY2025FY2024
Period start2025-05-262024-05-272023-05-29
Period end2026-05-312025-05-252024-05-26
Period typefiscal yearfiscal yearfiscal year
Weeks535252
Source accession10-K10-K10-K
Income statement
Sales13,210,900,00012,076,700,00011,390,000,000
Food and beverage4,038,800,0003,657,000,0003,523,900,000
Restaurant labor4,182,400,0003,833,100,0003,619,300,000
Restaurant expenses2,127,200,0001,944,000,0001,812,300,000
Marketing expenses180,400,000169,900,000144,500,000
Pre opening costs34,500,00024,800,00024,300,000
General and administrative expenses514,400,000520,300,000479,200,000
Depreciation and amortization561,100,000516,100,000459,900,000
Impairments and disposal of assets net-10,700,00049,200,00012,400,000
Total operating costs and expenses11,628,100,00010,714,400,00010,075,800,000
Operating income1,582,800,0001,362,300,0001,314,200,000
Interest net194,200,000175,100,000138,700,000
Earnings before income taxes1,388,600,0001,187,200,0001,175,500,000
Income tax expense174,900,000136,200,000145,000,000
Earnings from continuing operations1,213,700,0001,051,000,0001,030,500,000
Losses from discontinued operations net of tax-7,000,000-1,400,000-2,900,000
Net earnings1,206,700,0001,049,600,0001,027,600,000
Basic EPS continuing operations10.518.948.59
Basic EPS10.458.938.57
Diluted EPS continuing operations10.448.888.53
Diluted EPS10.388.868.51
Basic shares115,500,000117,500,000119,900,000
Diluted shares116,300,000118,400,000120,800,000
Dividends declared per share6.005.605.24
Balance sheet
Cash and cash equivalents219,500,000240,000,000
Inventories326,300,000311,600,000
Total current assets942,900,000937,700,000
Land buildings and equipment net5,048,600,0004,716,000,000
Operating lease right of use assets3,433,100,0003,555,900,000
Goodwill1,658,200,0001,659,400,000
Trademarks1,346,400,0001,346,400,000
Total assets12,862,400,00012,587,000,000
Accounts payable427,700,000439,600,000
Short term debt and current portion of long term debt693,600,0000
Total current liabilities3,005,400,0002,247,500,000
Long term debt1,637,700,0002,128,900,000
Operating lease liabilities non current3,722,300,0003,816,900,000
Total liabilities10,654,900,00010,275,700,000
Total stockholders equity2,207,500,0002,311,300,000
Total debt2,331,300,0002,128,900,000
Cash flow
Depreciation and amortization561,100,000516,100,000459,900,000
Stock based compensation79,100,00079,100,00068,500,000
Operating cash flow1,853,100,0001,707,000,0001,621,700,000
Capital expenditures-734,000,000-644,600,000-601,200,000
Net cash used in investing activities-711,400,000-1,278,300,000-1,324,600,000
Dividends paid-693,000,000-658,500,000-628,400,000
Repurchases of common stock-671,700,000-418,200,000-453,900,000
Principal payments on finance leases-18,100,000-21,000,000-19,900,000
Net cash used in financing activities-1,163,800,000-385,800,000-483,400,000
Cash used in business acquisitions0-613,700,000-701,100,000
Free cash flow1,119,100,0001,062,400,0001,020,500,000
Segment sales
Olive garden5,594,800,0005,212,900,0005,067,000,000
Longhorn steakhouse3,423,000,0003,025,500,0002,806,200,000
Fine dining1,375,700,0001,304,800,0001,291,500,000
Other business2,817,400,0002,533,500,0002,225,300,000
Segment profit
Olive garden1,257,900,0001,163,900,0001,117,400,000
Longhorn steakhouse635,100,000582,700,000516,800,000
Fine dining243,100,000242,500,000245,000,000
Other business446,900,000397,400,000340,300,000
Corporate99,100,00086,200,00070,500,000
Total2,682,100,0002,472,700,0002,290,000,000
  • Balance sheet note, FY2024. 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.

DRI quarterly income statement, balance sheet and cash flow

Q1 FY2027Q1 FY2026
Fiscal quarter11
Period start2026-06-012025-05-26
Period end2026-08-302025-08-24
Period typethree monthsthree months
Weeks1313
Source accession10-Q10-Q
Income statement
Sales3,200,300,0003,044,700,000
Food and beverage984,900,000929,100,000
Restaurant labor1,028,900,000988,000,000
Restaurant expenses530,500,000504,200,000
Marketing expenses53,100,00049,100,000
Pre opening costs8,500,0005,900,000
General and administrative expenses134,800,000136,100,000
Depreciation and amortization144,200,000135,100,000
Impairments and disposal of assets net-3,900,000-42,000,000
Total operating costs and expenses2,881,000,0002,705,500,000
Operating income319,300,000339,200,000
Interest net50,300,00045,400,000
Earnings before income taxes269,000,000293,800,000
Income tax expense34,700,00035,900,000
Earnings from continuing operations234,300,000257,900,000
Losses from discontinued operations net of tax-900,000-100,000
Net earnings233,400,000257,800,000
Basic EPS continuing operations2.062.21
Basic EPS2.052.21
Diluted EPS continuing operations2.052.19
Diluted EPS2.042.19
Basic shares113,600,000116,700,000
Diluted shares114,400,000117,600,000
Dividends declared per share1.621.50
Balance sheet
Cash and cash equivalents220,500,000
Inventories321,000,000
Total current assets953,100,000
Land buildings and equipment net5,122,200,000
Operating lease right of use assets3,713,800,000
Goodwill1,658,200,000
Trademarks1,346,400,000
Total assets13,226,600,000
Accounts payable470,000,000
Short term debt and current portion of long term debt979,700,000
Total current liabilities3,199,000,000
Long term debt1,636,100,000
Operating lease liabilities non current4,009,700,000
Total liabilities11,158,200,000
Total stockholders equity2,068,400,000
Total debt2,615,800,000
Cash flow
Depreciation and amortization144,200,000135,100,000
Stock based compensation26,600,00025,000,000
Operating cash flow279,000,000342,500,000
Capital expenditures-175,300,000-174,100,000
Net cash used in investing activities-171,300,000-159,300,000
Dividends paid-184,200,000-175,100,000
Repurchases of common stock-220,800,000-182,700,000
Principal payments on finance leases-5,300,000-5,200,000
Net cash used in financing activities-104,400,000-212,200,000
Free cash flow103,700,000168,400,000
Segment sales
Olive garden1,329,800,0001,301,100,000
Longhorn steakhouse860,900,000776,400,000
Fine dining304,200,000286,500,000
Other business705,400,000680,700,000
Segment profit
Olive garden270,800,000267,600,000
Longhorn steakhouse154,600,000134,900,000
Fine dining39,600,00038,700,000
Other business111,500,000109,300,000
Corporate26,400,00023,800,000
Total602,900,000574,300,000
  • Balance sheet note, Q1 FY2026. 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.

DRI year-to-date income statement and cash flow

First quarter of FY2027 (13 weeks ended August 30, 2026)
Period start2026-06-01
Period end2026-08-30
Period typethree months
Source accession10-Q
Income statement
Sales3,200,300,000
Food and beverage984,900,000
Restaurant labor1,028,900,000
Restaurant expenses530,500,000
Marketing expenses53,100,000
Pre opening costs8,500,000
General and administrative expenses134,800,000
Depreciation and amortization144,200,000
Impairments and disposal of assets net-3,900,000
Total operating costs and expenses2,881,000,000
Operating income319,300,000
Interest net50,300,000
Earnings before income taxes269,000,000
Income tax expense34,700,000
Earnings from continuing operations234,300,000
Losses from discontinued operations net of tax-900,000
Net earnings233,400,000
Basic EPS continuing operations2.06
Basic EPS2.05
Diluted EPS continuing operations2.05
Diluted EPS2.04
Basic shares113,600,000
Diluted shares114,400,000
Dividends declared per share1.62
Cash flow
Depreciation and amortization144,200,000
Stock based compensation26,600,000
Operating cash flow279,000,000
Capital expenditures-175,300,000
Net cash used in investing activities-171,300,000
Dividends paid-184,200,000
Repurchases of common stock-220,800,000
Principal payments on finance leases-5,300,000
Net cash used in financing activities-104,400,000
Free cash flow103,700,000
  • 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.

DRI trailing twelve month income statement and cash flow

Trailing four quarters ended August 30, 2026 (53 weeks)
Period start2025-08-25
Period end2026-08-30
Period typetrailing twelve months
Weeks53
Source accession10-Q
Source accessions10-K, 10-Q
Income statement
Sales13,366,500,000
Food and beverage4,094,600,000
Restaurant labor4,223,300,000
Restaurant expenses2,153,500,000
Marketing expenses184,400,000
Pre opening costs37,100,000
General and administrative expenses513,100,000
Depreciation and amortization570,200,000
Impairments and disposal of assets net27,400,000
Total operating costs and expenses11,803,600,000
Operating income1,562,900,000
Interest net199,100,000
Earnings before income taxes1,363,800,000
Income tax expense173,700,000
Earnings from continuing operations1,190,100,000
Losses from discontinued operations net of tax-7,800,000
Net earnings1,182,300,000
Cash flow
Depreciation and amortization570,200,000
Stock based compensation80,700,000
Operating cash flow1,789,600,000
Capital expenditures-735,200,000
Net cash used in investing activities-723,400,000
Dividends paid-702,100,000
Repurchases of common stock-709,800,000
Principal payments on finance leases-18,200,000
Net cash used in financing activities-1,056,000,000
Free cash flow1,054,400,000
  • 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.

Adjustments

Splits appliednone
ADR ration/a
FXNone. Darden reports in U.S. dollars, so no translation was required.

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.

Company details

NameDarden Restaurants Inc
TickerDRI
CIK0000940944
ExchangeNYSE
StateFlorida
IncorporationFlorida
SIC5812
OfficeTrade & Services
IndustryRetail-Eating Places

Fiscal period

Fiscal year2027
Fiscal periodQ1
TagFY27Q1
Period end2026-08-30
Form10-Q
Accession0000940944-26-000042
Fiscal year end0530
Sourcefacts

Source filings

RoleCurrentFormFiscal yearFiscal periodTagPeriod endFiledAccessionSource
annualno10-K2026FYFY262026-05-312026-07-240000940944-26-000025reported
quarterlyyes10-Q2027Q1FY27Q12026-08-302026-10-020000940944-26-000042facts

FAQ · Darden Restaurants financial statements

How much revenue did Darden Restaurants report in Q1 FY2027?

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.

What was Darden Restaurants' earnings per share in Q1 FY2027?

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.

Why did Darden's net earnings fall in Q1 FY2027?

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.

How did Olive Garden and LongHorn Steakhouse sales do in Q1 FY2027?

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.

Where can I get Darden Restaurants, Inc. (DRI) financial data in machine-readable form?

Ticker Scout publishes Darden Restaurants, Inc.'s financial statements as JSON at https://tickerscout.ai/dri/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/dri/narrative.md and https://tickerscout.ai/dri/events.md. Darden Restaurants, Inc.'s SEC CIK is 0000940944. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Darden Restaurants, Inc. (DRI) next file with the SEC?

Darden Restaurants, Inc. (DRI) is expected to file its next Form 10-Q with the SEC on or around December 29, 2026. That date is a projection rather than a company-announced date: it is derived from Darden Restaurants, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q1 FY2027, the period ended 2026-08-30, SEC accession 0000940944-26-000042.

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How this page was built

This page was built from two of Darden Restaurants, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.

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