Darden Restaurants Inc (DRI) |
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Darden Restaurants Inc's Suppliers Performance
DRI's Supply Chain
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DRI Costs vs Sales of Suppliers Growth |
Darden Restaurants Inc's Suppliers recorded an increase in sales by 2.33 % year on year in Q4 2023, sequentially sales grew by 53.76 %, Darden Restaurants Inc recorded an increase in cost of sales by 3.36 % year on year, relative to one quarter ago cost of sales fell by -0.61 % in Q4.
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Darden Restaurants Inc's Suppliers recorded an increase in sales by 2.33 % year on year in Q4 2023, sequentially sales grew by 53.76 %, Darden Restaurants Inc recorded increase in cost of sales by 3.36 % year on year, compare to one quarter ago cost of sales fell by -0.61 % in Q4.
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News about Darden Restaurants Inc Contracts |
Darden Restaurants Inc's Comment on Supply Chain
Our ability to ensure a consistent supply of high-quality food and supplies
at competitive prices to all of our restaurant brands depends on reliable sources
of procurement. Our purchasing staff sources, negotiates and purchases food
and supplies from more than 2,000 suppliers whose products originate in more
than 30 countries. Suppliers must meet our requirements and strict quality control
standards in the development, harvest, catch and production of food products.
Competitive bids, long-term contracts and long-term vendor relationships are
routinely used to manage availability and cost of products.
We believe that our seafood purchasing capabilities are a significant competitive
advantage. Our purchasing staff travels routinely within the United States and
internationally to source more than 100 varieties of top-quality seafood at
competitive prices. We believe that we have established excellent long-term
relationships with key seafood vendors and usually source our product directly
from producers (not brokers or middlemen). While the supply of certain seafood
species is volatile, we believe we have the ability to identify alternative
seafood products and to adjust our menus as necessary.
All other essential food products are available, or can be made available
upon short notice, from alternative qualified suppliers. We continue to progress
in automating our supply chain allowing our suppliers, logistics partners and
distributors to improve optimization with information visibility. Through our
subsidiary, Darden Direct Distribution, Inc. ("Darden Direct"), and
long-term agreements with our third party national distribution companies we
maintain inventory ownership in dedicated environments where practical. Darden
Direct further enables our purchasing staff to integrate demand forecasts into
long-term agreements driving efficiencies in production economics when we collaborate
with vendors. We continue to invest in new technologies to improve restaurant
product orders, receiving, invoice approval and inventories across the supply
chain. This improves the ability of our logistics infrastructure to replenish
restaurants with the right products, at the right price and with just-in-time
delivery. Because of the relatively rapid turnover of perishable food products,
inventories in the restaurants have a modest aggregate dollar value in relation
to sales.
Our supplier diversity initiative, which focuses on women- and minority-owned
businesses, is the major driver behind Dardens efforts to bring about diversity
awareness and opportunities within our supplier network. We actively support
several national minority supplier organizations to ensure that Darden incorporates
women- and minority-owned businesses in all of its purchasing decisions.
Darden Restaurants Inc's Comment on Supply Chain
Our ability to ensure a consistent supply of high-quality food and supplies
at competitive prices to all of our restaurant brands depends on reliable sources
of procurement. Our purchasing staff sources, negotiates and purchases food
and supplies from more than 2,000 suppliers whose products originate in more
than 30 countries. Suppliers must meet our requirements and strict quality control
standards in the development, harvest, catch and production of food products.
Competitive bids, long-term contracts and long-term vendor relationships are
routinely used to manage availability and cost of products.
We believe that our seafood purchasing capabilities are a significant competitive
advantage. Our purchasing staff travels routinely within the United States and
internationally to source more than 100 varieties of top-quality seafood at
competitive prices. We believe that we have established excellent long-term
relationships with key seafood vendors and usually source our product directly
from producers (not brokers or middlemen). While the supply of certain seafood
species is volatile, we believe we have the ability to identify alternative
seafood products and to adjust our menus as necessary.
All other essential food products are available, or can be made available
upon short notice, from alternative qualified suppliers. We continue to progress
in automating our supply chain allowing our suppliers, logistics partners and
distributors to improve optimization with information visibility. Through our
subsidiary, Darden Direct Distribution, Inc. ("Darden Direct"), and
long-term agreements with our third party national distribution companies we
maintain inventory ownership in dedicated environments where practical. Darden
Direct further enables our purchasing staff to integrate demand forecasts into
long-term agreements driving efficiencies in production economics when we collaborate
with vendors. We continue to invest in new technologies to improve restaurant
product orders, receiving, invoice approval and inventories across the supply
chain. This improves the ability of our logistics infrastructure to replenish
restaurants with the right products, at the right price and with just-in-time
delivery. Because of the relatively rapid turnover of perishable food products,
inventories in the restaurants have a modest aggregate dollar value in relation
to sales.
Our supplier diversity initiative, which focuses on women- and minority-owned
businesses, is the major driver behind Dardens efforts to bring about diversity
awareness and opportunities within our supplier network. We actively support
several national minority supplier organizations to ensure that Darden incorporates
women- and minority-owned businesses in all of its purchasing decisions.
DRI's Suppliers Net profit fell by |
DRI's Suppliers Net margin fell in Q4 to |
-12.7 % |
10.16 % |
DRI's vs. Suppliers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Darden Restaurants Inc |
20,882.70 |
11,013.10 |
1,008.30 |
178,956 |
Clearwater Paper Corporation |
678.34 |
2,082.80 |
251.90 |
3,300 |
Naturalshrimp Incorporated |
6.62 |
5.91 |
-86.30 |
4 |
Cal maine Foods Inc |
2,953.46 |
2,667.74 |
450.29 |
3,277 |
Treehouse Foods Inc |
2,086.15 |
3,431.10 |
53.10 |
5,880 |
Future Fintech Group Inc |
15.57 |
20.20 |
-13.17 |
0 |
Pilgrim s Pride Corporation |
7,982.60 |
17,361.40 |
322.32 |
29,100 |
Performance Food Group Company |
11,840.53 |
57,472.70 |
422.20 |
13,000 |
Mama s Creations Inc |
187.85 |
99.08 |
6.36 |
0 |
Medifast Inc |
391.65 |
1,071.85 |
99.42 |
425 |
Kraft Heinz Co |
43,158.70 |
26,640.00 |
2,846.00 |
36,000 |
Farmer Brothers Co |
65.68 |
391.39 |
-89.21 |
1,634 |
Bab Inc |
6.08 |
3.29 |
0.47 |
17 |
Reed s Inc |
7.34 |
46.69 |
-15.70 |
36 |
Coca Cola Co |
260,823.00 |
45,754.00 |
10,703.00 |
79,000 |
Equator Beverage Company |
9.20 |
2.13 |
-0.10 |
2 |
Pepsico Inc |
236,852.58 |
91,617.00 |
8,366.00 |
309,000 |
Monster Beverage Corporation |
64,435.33 |
7,222.62 |
1,356.48 |
4,092 |
Jones Soda Co |
23.14 |
16.91 |
-4.95 |
26 |
National Beverage Corp |
4,475.06 |
1,181.08 |
169.31 |
1,200 |
Coca cola Consolidated Inc |
7,829.38 |
6,653.71 |
408.38 |
7,600 |
Celsius Holdings Inc |
21,162.95 |
1,318.01 |
209.45 |
1 |
Mgp Ingredients Inc |
1,830.98 |
835.71 |
107.13 |
293 |
The Boston Beer Company Inc |
3,548.55 |
2,062.43 |
82.96 |
1,429 |
Pacific Ventures Group Inc |
0.08 |
33.56 |
-6.59 |
1 |
Eastside Distilling Inc |
1.12 |
-17,247.40 |
-13.24 |
0 |
Constellation Brands Inc |
49,053.68 |
6,563.90 |
1,584.00 |
10,000 |
Crimson Wine Group Ltd |
123.35 |
71.10 |
2.99 |
169 |
Willamette Valley Vineyards Inc |
24.87 |
39.77 |
-0.77 |
94 |
Molson Coors Beverage Company |
14,646.07 |
6,550.80 |
956.40 |
0 |
Lsi Industries Inc |
425.41 |
472.23 |
27.02 |
1,292 |
Sysco Corporation |
40,808.26 |
77,511.93 |
2,081.97 |
71,000 |
Mondel z International Inc |
97,686.82 |
36,016.00 |
4,968.00 |
79,000 |
Conagra Brands Inc |
13,460.94 |
11,864.70 |
984.60 |
18,000 |
Kellanova |
18,871.84 |
13,122.00 |
964.00 |
31,000 |
Super League Enterprise Inc |
5.26 |
21.13 |
-33.27 |
0 |
Campbell Soup Co |
12,952.68 |
9,271.00 |
766.00 |
14,700 |
The Clorox Company |
18,549.69 |
7,310.00 |
93.00 |
9,000 |
Keurig Dr Pepper Inc |
41,523.43 |
14,814.00 |
2,181.00 |
27,500 |
Brown forman Corporation |
38,437.00 |
3,378.00 |
965.00 |
4,800 |
Illinois Tool Works Inc |
80,332.04 |
16,107.00 |
2,957.00 |
45,000 |
General Mills Inc |
39,548.21 |
20,200.00 |
2,460.60 |
32,500 |
Ecolab Inc |
65,354.71 |
15,320.20 |
1,393.00 |
47,000 |
Anheuser busch Inbev Sa |
159,182.10 |
59,380.00 |
6,891.00 |
0 |
Mccormick and Co Inc |
18,397.81 |
6,662.20 |
680.60 |
14,000 |
United Breweries Co Inc |
4,426.69 |
3,937.17 |
196.73 |
0 |
Landec Corporation |
0.00 |
451.01 |
-63.63 |
0 |
Instructure Holdings Inc |
2,994.30 |
450.48 |
-73.30 |
1,140 |
Right On Brands Inc |
10.20 |
1.32 |
-0.13 |
1 |
Diageo Plc |
102,123.00 |
23,515.00 |
3,766.00 |
28,400 |
George Risk Industries Inc |
64.45 |
20.02 |
6.65 |
175 |
Alarm com Holdings Inc |
3,854.04 |
881.68 |
80.34 |
784 |
Berry Global Group Inc |
6,940.76 |
12,457.00 |
562.00 |
21,000 |
Aptargroup Inc |
9,321.80 |
3,487.45 |
284.18 |
12,700 |
Healthstream Inc |
794.12 |
279.06 |
15.21 |
955 |
Greif Inc |
3,618.46 |
5,153.10 |
360.30 |
0 |
Egain Corporation |
199.66 |
93.50 |
7.01 |
479 |
Dupont De Nemours Inc |
33,084.00 |
12,068.00 |
462.00 |
28,000 |
Liveperson Inc |
78.46 |
401.98 |
-4.16 |
981 |
Everbridge Inc |
1,524.47 |
450.00 |
-11.85 |
581 |
Graphic Packaging Holding Co |
8,376.29 |
9,428.00 |
723.00 |
13,000 |
Sonoco Products Company |
5,530.30 |
6,780.65 |
475.90 |
20,000 |
Sprinklr Inc |
3,731.17 |
575.84 |
-26.14 |
3,245 |
Red Violet Inc |
262.24 |
58.21 |
13.06 |
139 |
Snap One Holdings Corp |
596.78 |
1,060.98 |
-21.37 |
1,492 |
SUBTOTAL |
1,567,287.31 |
636,970.31 |
62,299.44 |
1,033,444 |
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