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Darden Restaurants Inc   (DRI)
Other Ticker:  
 
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services
 

DRI's Net Income Growth by Quarter and Year

Darden Restaurants Inc 's Net Income results by quarter and year




DRI Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter May - 315.10 281.70 368.50
III Quarter February - 286.60 247.00 128.70
II Quarter November - 187.20 193.20 96.00
I Quarter August 194.50 193.00 230.90 36.10
FY   194.50 981.90 952.80 629.30



DRI Net Income first quarter 2024 Y/Y Growth Comment
Darden Restaurants Inc reported Net Income growth of 0.78% year on year in the first quarter 2024, to $ 194.50 millions, this is lower than Darden Restaurants Inc 's recent average Net Income growth of 3.03%.

According to the results reported in the first quarter 2024, Darden Restaurants Inc achieved the best Net Income growth in Restaurants industry. While Darden Restaurants Inc ' s Net Income increase of 0.78% ranks overall at the positon no. 8 in the first quarter 2024.




DRI Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter May - 11.86 % -23.55 % -
III Quarter February - 16.03 % 91.92 % -44.6 %
II Quarter November - -3.11 % 101.25 % 288.66 %
I Quarter August 0.78 % -16.41 % 539.61 % -78.84 %
FY   - 3.05 % 51.41 % -

Financial Statements
Darden Restaurants Inc 's first quarter 2024 Net Income $ 194.50 millions DRI's Income Statement
Darden Restaurants Inc 's first quarter 2023 Net Income $ 193.00 millions Quarterly DRI's Income Statement
New: More DRI's historic Net Income Growth >>


DRI Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter May - 9.94 % 14.05 % 186.32 %
III Quarter February - 53.1 % 27.85 % 34.06 %
II Quarter November - -3.01 % -16.33 % 165.93 %
I Quarter August -38.27 % -31.49 % -37.34 % -
FY (Year on Year)   - 3.05 % 51.41 % -




Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Restaurants Industry #1
Services Sector #3
Overall #8

Net Income Y/Y Growth Statistics
High Average Low
102.56 % 3.03 % -134.49 %
(March 31, 2016)   (Feb 28 2021)
Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Restaurants Industry #1
Services Sector #3
Overall #8
Net Income Y/Y Growth Statistics
High Average Low
102.56 % 3.03 % -134.49 %
(March 31, 2016)   (Feb 28 2021)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Darden Restaurants Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
840.49 % 35.94 % -85.52 %
(Feb 23 2020)  


DRI's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2024 Darden Restaurants Inc disclosed fall in Net Income from the fourth quarter by -38.27% to $ 194.50 millions, from $ 315.10 millions declared a quarter before.

As we analyse current shortcoming in the quarter, we should presume, that usually I. Quarter Net Income occur softer relative to the preciding period

Within Restaurants industry Darden Restaurants Inc achieved highest sequential Net Income growth. While Darden Restaurants Inc 's Net Income growth quarter on quarter, overall rank is 8.


Net Income Q/Q Growth Company Ranking
Within: No.
Restaurants Industry #0
Services Sector #1
Overall #8
Net Income Q/Q Growth Company Ranking
Within: No.
Restaurants Industry #0
Services Sector #1
Overall #8
Net Income Q/Q Growth Statistics
High Average Low
840.49 % 35.94 % -85.52 %
(Feb 23 2020)  


DRI's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2024 Darden Restaurants Inc disclosed fall in Net Income from the fourth quarter by -38.27% to $ 194.50 millions, from $ 315.10 millions achived a quarter before.

But that's not huge concern, as I. Quarter Net Income always seem to plunge in the I. Quarter Caroline Maes, market contributor situated in Brussel wrote.

Within Restaurants industry Darden Restaurants Inc achieved highest sequential Net Income growth. While Darden Restaurants Inc 's Net Income growth quarter on quarter, overall rank is 8.


Darden Restaurants Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Aug 27 2023)
12 Months Ending
(May 28 2023)
12 Months Ending
(Feb 26 2023)
12 Months Ending
(Nov 27 2022)
12 Months Ending
(Aug 28 2022)
Cumulative Net Income 12 Months Ending $ 983.40 $ 981.90 $ 948.50 $ 908.90 $ 914.90
Y / Y Net Income Growth (TTM) 7.49 % 3.05 % -8.76 % -1.35 % 11.02 %
Year on Year Net Income Growth Overall Ranking # 5 # 418 # 9 # 337 # 12
Seqeuential Net Income Change (TTM) 0.15 % 3.52 % 4.36 % -0.66 % -3.98 %
Seq. Net Income Growth (TTM) Overall Ranking # 8 # 1162 # 13 # 689 # 12




Cumulative Net Income growth Comment
Darden Restaurants Inc saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 7.49% year on year, to $ 983 millions if the fiscal year would have ended in Aug 27 2023.
Darden Restaurants Inc 's trailing twelve months Net Income growth was higher than company's average 3.03% and higher than 3.05% growth in May 28 2023. And, Darden Restaurants Inc realized the fastest Net Income growth, in Restaurants industry.
But from twelve months ended May 28 2023 growth rate was slower at 0.15 % from $981.9 millions achieved in twelve months ending a quarter before.
It appears to be slowdown developing, more evident as we look at If you typical sequential Net Income advancement what is higher at 3.03% Caroline Maes noted.
The progress is even higher from the previous reporting period showed at 0.15 % jump from $981.9 millions in twelve months ending a quarter before.

Darden Restaurants Inc achieved highest trailing twelve month year on year Net Income growth. While Total ranking has impoved so far to 5, from total ranking in previous quarter at 418.

Net Income TTM Q/Q Growth Statistics
High Average Low
102.56 %
3.03 %
-134.49 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Restaurants Industry # 1
Services Sector # 1
Overall # 5

Net Income TTM Y/Y Growth Statistics
High Average Low
102.56 %
3.03 %
-134.49 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 8
Cumulative Net Income growth Comment
Darden Restaurants Inc saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 7.49% year on year, to $ 983 millions if the fiscal year would have ended in Aug 27 2023.
Darden Restaurants Inc 's trailing twelve months Net Income growth was higher than company's average 3.03% and higher than 3.05% growth in May 28 2023. And, Darden Restaurants Inc realized the fastest Net Income growth, in Restaurants industry.
But sequential rise was beneth at 0.15 % from $981.9 millions reported in twelve months ending a quarter May 28 2023.
It appears to be slowdown in progress, more noticeable observing the If you average Q/Q TTM historic advancement what is higher at 3.03% Caroline Maes wrote.
The growth was even stronger from the previous reporting period exhibited at 0.15 % increase from $981.9 millions in twelve months ending a quarter before.

Darden Restaurants Inc achieved highest trailing twelve month year on year Net Income growth. While Total ranking has impoved so far to 5, from total ranking in previous quarter at 418.

Net Income TTM Q/Q Growth Statistics
High Average Low
102.56 %
3.03 %
-134.49 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Restaurants Industry # 1
Services Sector # 1
Overall # 5

Net Income TTM Y/Y Growth Statistics
High Average Low
102.56 %
3.03 %
-134.49 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 8




Other Net Income Growth
Restaurants Industry Net Income Growth Trends and Statistics
Services Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
DRI's Net Income Growth Ratio versus Restaurants Industry, Services Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for DRI's Competitors
Net Income Growth for Darden Restaurants Inc 's Suppliers
Net Income Growth for DRI's Customers

You may also want to know
DRI's Annual Growth Rates DRI's Profitability Ratios DRI's Asset Turnover Ratio DRI's Dividend Growth
DRI's Roe DRI's Valuation Ratios DRI's Financial Strength Ratios DRI's Dividend Payout Ratio
DRI's Roa DRI's Inventory Turnover Ratio DRI's Growth Rates DRI's Dividend Comparisons



Companies with similar Net Income fall for the quarter ending Aug 27 2023 within Services SectorY/Y Change %Net Income for the quarter ending Aug 27 2023
Darden Restaurants Inc 0.78%$ 0.777 millions




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