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Darden Restaurants Inc   (DRI)
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Darden Restaurants Inc

DRI's Financial Statements and Analysis



Darden Restaurants Inc reported in the second quarter of 2024 net earnings per share of $1.76 an increase by 15.79 % year on year from $1.52 and an improvement of 10.69 % from $1.59 realized in I. Quarter (Aug 27 2023).


second quarter of 2024
Earnings Per Share Revenues
$ 1.76 $  2,727 Mill
$+0.24     +15.79 % $+241M     +9.68 %



Darden Restaurants Inc 's Revenue rose by 9.68 % in second quarter of 2024 (Nov 26 2023) year on year, to $2,727 million and declined by -0.12 % sequentially.


Darden Restaurants Inc is Expected to report next financial results on April 03, 2024.

More on DRI's Income Statement



Darden Restaurants Inc 's net income of $212.100 million in the second quarter of 2024 increased by 13.3 % from net earnings of $187.200 million achieved in II. Quarter a year ago.

Sequentially net earnings grew by 9.05 % from net income of $194.500 million realized in previous quarter.

More on DRI's Growth

Darden Restaurants Inc Inventories
Inventories grew by 4.9 % to $311 million from II. Quarter a year ago, sequentially inventories rose by 8.22 %. In Nov 26 2023 company's net cash and cash equivalents decreased by $-21 million, capital expenditures fell by -166.11.87%, to $-169 millions compare to same quarter a year ago

More on DRI's Cash flow Statement


Darden Restaurants Inc payed out dividend of $4.99 per share in last 52 weeks representing 60.19 % of net earning per share in trailing twelve-month period.

During the same period Darden Restaurants Inc earned $ 12.64 cash per share, on a free-cash flow basis 152.49 % of net earning per share.

Book value fell by -4.10 % sequentially to $16.88 per share.
Tangible Book value fell to $ -4.15 per share from $ -3.09.

Company repurchased 1.20 million shares or 0.98 % in Nov 26 2023.
Interest Coverage Ratio was 11.57. Debt Coverage Ratio was 0.99.

More on DRI's Dividends

 Market Capitalization (Millions) 20,883
 Shares Outstanding (Millions) 121
 Total Debt (Millions $) 1,718
 Revenue (TTM) (Millions $) 11,013
 Net Income (TTM) (Millions $) 1,008
 Cash Flow (TTM) (Millions $) -80
 Capital Exp. (TTM) (Millions $) -625
 Dividend TTM ($) 4.99 $
 Dividend Yield TTM (%) 3.01 %
 Employees (TTM) $ 178,956




Darden Restaurants Inc payed out dividend of $4.99 per share in the last 52 weeks representing 60.19 % of net earning per share in trailing twelve-month period.

During the same period Darden Restaurants Inc had $ 12.64 cash flow per share, on a free-cash flow basis 152.49 % of net earning per share.

Book value fell by -4.10 % sequentially to $16.88 per share.
Tangible Book value fell to $ -4.15 per share from $ -3.09.

Company repurchased 1.20 million shares or 0.98 % in Nov 26 2023.
Interest Coverage Ratio was 11.57. Debt Coverage Ratio was 0.99.

More on DRI's Balance Sheets

 Market Capitalization (Millions) 20,883
 Shares Outstanding (Millions) 121
 Total Debt (Millions $) 1,718
 Revenue (TTM) (Millions $) 11,013
 Net Income (TTM) (Millions $) 1,008
 Cash Flow (TTM) (Millions $) -80
 Capital Exp. (TTM) (Millions $) -625
 Dividend TTM ($) 4.99 $
 Dividend Yield TTM (%) 3.01 %
 Employees (TTM) $ 178,956
   


  News about Darden Restaurants Inc Earnings

Darden Restaurants Inc Sets New Record with Blazing Revenue Growth



Darden Restaurants Inc, a renowned name in the food and beverage industry, has experienced fluctuations in stock performance in recent times. However, the company's financial results for the September to November 26, 2023 period indicate positive growth in multiple aspects. This article aims to interpret these results and explore their potential impact on the company's future.
1. Revenue Growth:
Darden Restaurants Inc reported a 9.684% increase in revenue for the September to November 26, 2023 period, reaching $2.73 billion compared to $2.49 billion in the previous year's reporting season. This growth reflects the company's ability to generate higher sales and suggests a positive outlook fo...

Darden Restaurants Inc Serves Up Remarkable Revenue Growth in Recent Fiscal Period



Darden Restaurants Inc, the renowned restaurant company, recently unveiled its financial results for the most recent fiscal period, highlighting solid revenue growth and a focus on improving sales. This article explores the impact of these figures on the company going forward and emphasizes the potential for continued success.
Impressive Revenue Growth and Earnings
Darden Restaurants Inc reported revenue of $2.73 billion in the most recent fiscal period, indicating a significant 11.63% year-on-year growth. This substantial revenue increase is a testament to the exceptional contributions from customers and the company's ability to drive sales during a challenging economic climate. The bottom...

Darden Restaurants Inc Reports a 15.92% Surge in Income per Share and a 6.381% Boost in Revenue for Recent Fiscal Quarter

Darden Restaurants Inc, one of the leading restaurants in the market, has recently reported their financial results for the most recent fiscal period, and the numbers are quite impressive. Revenue increased by a solid 6.381% to $2.77 billion compared to the prior year quarter, indicating a strong growth in their business. This growth in revenue was accompanied by a significant increase in income, which rose by 15.92% to $2.60, compared to $2.24 in the same period last year.
It is worth noting that although there was a slight decrease of -0.617% in revenue from the preceding period, the income per share actually increased by 11.1% from $2.34 per share. This suggests that despite a minor decline in revenue...


Date modified: 2024-01-05T13:31:34+00:00





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