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

10 Themes

Financial Performance

3 Insights

Total sales increased to $3.16 billion, up from $2.97 billion in Q3 2024, driven by new restaurant openings and a blended same-restaurant sales increase of 0.7%. This indicates a healthy expansion and sustained demand across Darden's portfolio.

Net earnings rose to $323.4 million from $312.9 million in the same period last year. However, operating costs and expenses increased by 5.9%, outpacing revenue growth, suggesting margin pressures from factors like inflation and supply chain costs.

The effective income tax rate rose to 13.1% from 10.7% in the prior year quarter, primarily due to higher net earnings and non-deductible transaction costs related to the Chuy's acquisition. This could impact future profitability if these trends continue.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

1 Insight

Market Environment

3 Insights