Darden Restaurants, Inc.

DRI
Sector

Consumer Discretionary

Industry

Restaurants

Market Cap

$21.99B

Employees

191.1K

Company Overview

Darden Restaurants, Inc. is a full-service restaurant company that owns and operates various brands including Olive Garden, LongHorn Steakhouse, and Ruth's Chris. The company's primary revenue streams come from food and beverage sales at its restaurants. Darden is a major player in the full-service dining sector, operating primarily in the U.S. and Canada, with a mix of company-owned and franchised locations.

Filing Highlights

Key insights and themes extracted from this filing

9 Themes

Financial Performance

3 Insights

Total sales increased to $2.89 billion, up 6.0% year-over-year, driven by 142 net new restaurants and a blended same-restaurant sales increase of 2.4%. This growth indicates successful expansion and sustained performance at existing locations.

Net earnings from continuing operations increased to $215.7 million, a 1.6% increase compared to $212.3 million in the prior year. This indicates improved profitability despite inflationary pressures and integration costs.

General and administrative expenses increased by 25.5% YoY, primarily due to Chuy's transaction and integration costs. This increase suggests potential short-term cost pressures related to the acquisition.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

1 Insight

Capital Allocation

3 Insights

Market Environment

2 Insights