Darden Restaurants (DRI)
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About
Darden Restaurants is the largest restaurant operator in the us full-service space, with consolidated revenue of $11.4 billion in fiscal 2024 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2024, the company operated 2,031 restaurants in the us.
Key Insights
Share Price
$162.38Market Cap
$19.08 BillionTotal Outstanding Shares
117.50 Million SharesTotal Employees
187,384Dividend
$1.4 Per Share QuarterlyIPO Date
May 15, 1995SIC Description
Retail-eating PlacesHomepage
https://www.darden.com
Historical Stock Splits
Execution Date | Split Amount |
---|---|
No Historical Stock Splits |
Cash Flow Statement
May 29, 2023 to May 26, 2024
Metric | Value |
---|---|
Net Cash Flow From Operating Activities, Discontinued | $-9.80 Million |
Net Cash Flow, Discontinued | $-9.80 Million |
Net Cash Flow From Operating Activities | $1.61 Billion |
Net Cash Flow, Continuing | $-186.30 Million |
Net Cash Flow From Financing Activities | $-483.40 Million |
Net Cash Flow From Investing Activities, Continuing | $-1.32 Billion |
Net Cash Flow From Financing Activities, Continuing | $-483.40 Million |
Net Cash Flow From Investing Activities | $-1.32 Billion |
Net Cash Flow From Operating Activities, Continuing | $1.62 Billion |
Net Cash Flow | $-196.10 Million |
Income Statement
May 29, 2023 to May 26, 2024
Metric | Value |
---|---|
Income/Loss From Continuing Operations Before Tax | $1.18 Billion |
Basic Average Shares | $119.90 Million |
Gross Profit | $2.27 Billion |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
Net Income/Loss Attributable To Parent | $1.03 Billion |
Income/Loss From Discontinued Operations Net Of Tax | $-2.90 Million |
Net Income/Loss | $1.03 Billion |
Revenues | $11.39 Billion |
Operating Expenses | $951.50 Million |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Income Tax Expense/Benefit | $145.00 Million |
Diluted Earnings Per Share | $8.51 |
Cost Of Revenue | $9.12 Billion |
Basic Earnings Per Share | $8.57 |
Diluted Average Shares | $120.80 Million |
Net Income/Loss Available To Common Stockholders, Basic | $1.03 Billion |
Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
Operating Income/Loss | $1.31 Billion |
Costs And Expenses | $10.08 Billion |
Income/Loss From Continuing Operations After Tax | $1.03 Billion |
Benefits Costs and Expenses | $10.21 Billion |
Income Tax Expense/Benefit, Current | $145.70 Million |
Income Tax Expense/Benefit, Deferred | $700000.00 |
Balance Sheet
May 29, 2023 to May 26, 2024
Metric | Value |
---|---|
Wages | $190.10 Million |
Noncurrent Assets | $10.50 Billion |
Liabilities | $9.08 Billion |
Other Non-current Liabilities | $5.52 Billion |
Current Liabilities | $2.19 Billion |
Accounts Receivable | $79.10 Million |
Equity | $2.24 Billion |
Other Current Liabilities | $1.60 Billion |
Noncurrent Liabilities | $6.89 Billion |
Equity Attributable To Noncontrolling Interest | $0.00 |
Assets | $11.32 Billion |
Inventory | $290.50 Million |
Long-term Debt | $1.37 Billion |
Liabilities And Equity | $11.32 Billion |
Current Assets | $822.80 Million |
Equity Attributable To Parent | $2.24 Billion |
Other Current Assets | $453.20 Million |
Accounts Payable | $399.50 Million |
Historical Dividends
Current dividend: $1.4 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Sep 19, 2024 | Nov 1, 2024 | Oct 10, 2024 | $1.4 | Quarterly |
Jun 20, 2024 | Aug 1, 2024 | Jul 10, 2024 | $1.4 | Quarterly |
Mar 21, 2024 | May 1, 2024 | Apr 10, 2024 | $1.31 | Quarterly |
Dec 15, 2023 | Feb 1, 2024 | Jan 10, 2024 | $1.31 | Quarterly |
Sep 21, 2023 | Nov 1, 2023 | Oct 10, 2023 | $1.31 | Quarterly |
Jun 22, 2023 | Aug 1, 2023 | Jul 10, 2023 | $1.31 | Quarterly |
Mar 23, 2023 | May 1, 2023 | Apr 10, 2023 | $1.21 | Quarterly |
Dec 16, 2022 | Feb 1, 2023 | Jan 10, 2023 | $1.21 | Quarterly |
Sep 22, 2022 | Nov 1, 2022 | Oct 10, 2022 | $1.21 | Quarterly |
Jun 23, 2022 | Aug 1, 2022 | Jul 8, 2022 | $1.21 | Quarterly |
Mar 24, 2022 | May 2, 2022 | Apr 8, 2022 | $1.1 | Quarterly |
Sep 23, 2021 | Nov 1, 2021 | Oct 8, 2021 | $1.1 | Quarterly |
Jun 24, 2021 | Aug 2, 2021 | Jul 9, 2021 | $1.1 | Quarterly |
Mar 25, 2021 | May 3, 2021 | Apr 9, 2021 | $0.88 | Quarterly |
Dec 18, 2020 | Feb 1, 2021 | Jan 8, 2021 | $0.37 | Quarterly |
Sep 24, 2020 | Nov 2, 2020 | Oct 9, 2020 | $0.3 | Quarterly |
Dec 19, 2019 | Feb 3, 2020 | Jan 10, 2020 | $0.88 | Quarterly |
Sep 19, 2019 | Nov 1, 2019 | Oct 10, 2019 | $0.88 | Quarterly |
Jun 19, 2019 | Aug 1, 2019 | Jul 10, 2019 | $0.88 | Quarterly |
Mar 21, 2019 | May 1, 2019 | Apr 10, 2019 | $0.75 | Quarterly |
Dec 12, 2018 | Feb 1, 2019 | Jan 10, 2019 | $0.75 | Quarterly |
Sep 20, 2018 | Nov 1, 2018 | Oct 10, 2018 | $0.75 | Quarterly |
Jun 20, 2018 | Aug 1, 2018 | Jul 10, 2018 | $0.75 | Quarterly |
Mar 22, 2018 | May 1, 2018 | Apr 10, 2018 | $0.63 | Quarterly |
Dec 14, 2017 | Feb 1, 2018 | Jan 10, 2018 | $0.63 | Quarterly |
Sep 21, 2017 | Nov 1, 2017 | Oct 10, 2017 | $0.63 | Quarterly |
Jun 26, 2017 | Aug 1, 2017 | Jul 10, 2017 | $0.63 | Quarterly |
Mar 22, 2017 | May 1, 2017 | Apr 10, 2017 | $0.56 | Quarterly |
Dec 14, 2016 | Feb 1, 2017 | Jan 10, 2017 | $0.56 | Quarterly |
Sep 29, 2016 | Nov 1, 2016 | Oct 10, 2016 | $0.56 | Quarterly |
Jun 30, 2016 | Aug 1, 2016 | Jul 11, 2016 | $0.56 | Quarterly |
Mar 31, 2016 | May 2, 2016 | Apr 11, 2016 | $0.5 | Quarterly |
Dec 18, 2015 | Feb 1, 2016 | Jan 8, 2016 | $0.5 | Quarterly |
Sep 17, 2015 | Nov 2, 2015 | Oct 9, 2015 | $0.55 | Quarterly |
Mar 20, 2015 | May 1, 2015 | Apr 10, 2015 | $0.55 | Quarterly |
Dec 16, 2014 | Feb 2, 2015 | Jan 9, 2015 | $0.55 | Quarterly |
Sep 12, 2014 | Nov 3, 2014 | Oct 10, 2014 | $0.55 | Quarterly |
May 25, 2014 | Aug 1, 2014 | Jul 10, 2014 | $0.55 | Quarterly |
Mar 21, 2014 | May 1, 2014 | Apr 10, 2014 | $0.55 | Quarterly |
Dec 18, 2013 | Feb 3, 2014 | Jan 10, 2014 | $0.55 | Quarterly |
Sep 20, 2013 | Nov 1, 2013 | Oct 10, 2013 | $0.55 | Quarterly |
Jun 21, 2013 | Aug 1, 2013 | Jul 10, 2013 | $0.55 | Quarterly |
Mar 22, 2013 | May 1, 2013 | Apr 10, 2013 | $0.5 | Quarterly |
Dec 19, 2012 | Feb 1, 2013 | Jan 10, 2013 | $0.5 | Quarterly |
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