Darden Restaurants DRI

Restaurants, Consumer Cyclical

$212.40

−2.37%

Market cap: $24B
PE: 20.8×; 10y median 20.8×
Forward PE: 18.5×; 10y median 18.9×
Price to sales: 1.8×
EV/EBIT: 16.7×
Revenue, 12 months: $13.4B; +8% on a year ago
Net margin: 8.8%
Free cash flow yield: 4.4%

Darden Restaurants trades at 20.8× trailing earnings, near its ten-year median. Revenue was $13.4B over the last twelve months, up 8% on a year earlier with a 9% net margin.

Charts

Financials

Income statement for DRI, by quarter
Income statement	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
	$2.7B+10%	$3B+7%	$3B+7%	$2.8B+1%	$2.9B+6%	$3.2B+6%	$3.3B+11%	$3B+10%	$3.1B+7%	$3.3B+6%	$3.7B+14%	$3.2B+5%
Cost of revenue	$1.3B+5%	$1.4B+5%	$1.4B+4%	$1.3B+0%	$1.3B+4%	$1.5B+5%	$1.5B+11%	$1.4B+10%	$1.5B+9%	$1.6B+7%	$1.7B+14%	$1.5B+6%
Gross profit	$1.4B+14%	$1.6B+9%	$1.6B+9%	$1.5B+2%	$1.5B+8%	$1.7B+8%	$1.8B+10%	$1.6B+11%	$1.6B+6%	$1.8B+5%	$2B+14%	$1.7B+5%
SG&A	$151.7M+25%	$139.9M+4%	$140.2M+9%	$171.1M−11%	$192.9M+27%	$152.1M+9%	$174.1M+24%	$185.2M+8%	$166.5M−14%	$160.9M+6%	$182.2M+5%	$187.9M+2%
	$278.5M+19%	$387.4M+11%	$395.4M+6%	$269.2M+6%	$292.1M+5%	$418.2M+8%	$382.8M−3%	$339.2M+26%	$320.4M+10%	$406.4M−3%	$516.8M+35%	$319.3M−6%
Pre-tax income	$241.4M+13%	$350.9M+6%	$360M+2%	$232.1M+4%	$245.9M+2%	$372.7M+6%	$336.5M−7%	$293.8M+27%	$272.4M+11%	$356.8M−4%	$465.6M+38%	$269M−8%
	$29.1M+12%	$37.5M−14%	$50M+36%	$24.5M−14%	$30.2M+4%	$49M+31%	$32.5M−35%	$35.9M+47%	$35M+16%	$46.2M−6%	$57.8M+78%	$34.7M−3%
Net income	$212.1M+13%	$312.9M+9%	$308.1M−2%	$207.2M+7%	$215.1M+1%	$323.4M+3%	$303.8M−1%	$257.8M+24%	$237.2M+10%	$306.8M−5%	$404.9M+33%	$233.4M−10%
	$1.76+16%	$2.60+11%	$2.56−1%	$1.74+9%	$1.82+3%	$2.74+5%	$2.57+0%	$2.19+26%	$2.03+12%	$2.65−3%	$3.51+37%	$2.04−7%
	120.8M−2%	120.4M−2%	120.2M−2%	119.2M−2%	118.3M−2%	118M−2%	118.1M−2%	117.6M−1%	116.7M−1%	115.8M−2%	115.2M−3%	114.4M−3%

Gross profit: 60 periods, Q3 FY09 to Q1 FY27: not printed by the filing, worked out from its own lines.

Operating income: 24 periods, Q3 FY09 to Q3 FY15: not printed by the filing, worked out from its own lines. Q4 FY14: the year less its other three quarters as the newest filings print them.

EPS, diluted: 8 periods, Q4 FY09 to Q4 FY26: quarter's net income to common over its shares, to the cent.

Diluted shares: 17 periods, Q4 FY09 to Q4 FY26: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY20: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: Dec 17, 2026.

Quarter	Revenue	Range	EPS	Range	Analysts
Q2 FY27	$3.3B	$3.3B to $3.3B	$2.26	$2.18 to $2.43	19
Q3 FY27	$3.5B	$3.4B to $3.6B	$3.27	$3.21 to $3.36	19
Q4 FY27	$3.7B	$3.6B to $3.7B	$3.69	$3.59 to $3.74	17
Q1 FY28	$3.4B	$3.3B to $3.4B	$2.26	$2.20 to $2.29	13
Q2 FY28	$3.5B	$3.4B to $3.5B	$2.51	$2.44 to $2.55	9
Q3 FY28	$3.7B	$3.7B to $3.8B	$3.59	$3.49 to $3.64	9
Q4 FY28	$3.9B	$3.8B to $4B	$4.03	$3.93 to $4.09	9
Q1 FY29	$3.6B	$3.5B to $3.6B	$2.48	$2.41 to $2.51	9

Peers

Companies in Restaurants nearest Darden Restaurants' size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
DRIDarden Restaurants	$24B	20.8×	20.8×	18.5×	1.8×	+8%	8.8%
QSRRestaurant Brands International	$34.2B	20.8×	26.5×	17.8×	3.5×	+7%	13.1%
CMGChipotle Mexican Grill	$34.8B	25.2×	63.3×	21.7×	2.8×	+7%	11.4%
YUMCYum China	$15.3B	16.4×	24.7×	n/m	1.2×	+9%	7.8%
YUMYum! Brands	$40.9B	18.9×	24.7×	22.4×	4.7×	+10%	25.4%
ARMKAramark	$13.9B	36.8×	22.5×	n/m	0.7×	+11%	1.9%
TXRHTexas Roadhouse	$10.9B	26.5×	28.4×	23.2×	1.7×	+10%	6.6%
EATBrinker International	$7.6B	16.8×	14.4×	n/m	1.3×	+8%	8.4%
BROSDutch Bros	$7.2B	57.6×	130×	n/m	3.9×	+30%	4.9%
CAVACava	$6.2B	97.2×	124×	n/m	4.5×	+27%	4.8%
CAKECheesecake Factory	$5.4B	29.4×	18.8×	n/m	1.4×	+6%	4.6%
Peer median	$12.4B	25.9×	25.6×	22.0×	2.3×	+9%	7.2%