Consumer Discretionary
Restaurants
$21.99B
191.1K
Key insights and themes extracted from this filing
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.