10-K · July 24, 2026
Darden delivered a strong FY2026, with revenue up 9.4%, operating margin expanding 70 basis points to 12.0%, and continuing-operations diluted EPS up 17.6% to $10.44. LongHorn's 7.2% same-restaurant sales growth and…
Earnings analysis · 10-Q
DRI earnings analysis
Filed October 2, 2026 · Our reading of the company's report
The latest report
The quarter showed modest year-over-year revenue growth to approximately $3.20 billion, but diluted EPS declined to $2.05 from $2.19 a year earlier and $3.52 sequentially. The supplied filing text does not provide gross…
Read full summary
The quarter showed modest year-over-year revenue growth to approximately $3.20 billion, but diluted EPS declined to $2.05 from $2.19 a year earlier and $3.52 sequentially. The supplied filing text does not provide gross margin, operating margin, free cash flow, segment results, balance-sheet detail, or updated numeric guidance. Market-risk exposure was quantified at $55.5 million of potential one-year net-earnings loss, while the filing reported no material changes to the risk factors in the prior 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.05
What stood out
-
Revenue grew year over year
Revenue was approximately $3.20 billion, up from $3.04 billion in the comparable prior-year quarter, but down from $3.72 billion in the immediately preceding quarter.
-
EPS declined year over year
Diluted EPS was $2.05, versus $2.19 in the comparable prior-year quarter and $3.52 in the immediately preceding quarter, indicating year-over-year and sequential earnings contraction.
-
Meaningful share repurchases
Darden repurchased 1,075,059 shares during the quarter at an average price of $205.41, with $1.3356 billion remaining under the authorization at quarter-end.
-
Controls remained effective
Management concluded that disclosure controls and procedures were effective as of August 30, 2026, and reported no material change in internal control over financial reporting during the quarter.
What to watch
-
Earnings momentum weakened
Diluted EPS fell to $2.05 from $2.19 year over year and $3.52 sequentially, suggesting pressure on profitability despite revenue of approximately $3.20 billion.
-
Market-risk exposure remains material
The company estimated potential one-year net-earnings losses of approximately $55.5 million from equity-forward, commodity, and interest-rate exposures as of August 30, 2026.
-
Fixed-rate debt sensitivity
The fair-value risk from an increase in long-term fixed-rate debt values was approximately $92.0 million, while the average fair value of fixed-rate debt outstanding was $2.16 billion during the quarter.
Management's outlook
The supplied 10-Q text does not provide new numeric revenue or EPS guidance. Prior fiscal-year outlook was disclosed in the 10-K, but no update or change to that outlook appears in the supplied filing text.
Earlier filings 4
10-Q · March 27, 2026
Darden Restaurants' Q3 FY2026 results showed a 5.9% revenue growth to $3.35 billion, supported by strong same-restaurant sales across its segments. Although gross margin slightly improved to 53.5%, operating margins saw…
10-Q · December 30, 2025
Darden Restaurants reported a 7.3% increase in revenue to $3.10 billion in Q2 FY2026, surpassing both estimates and the previous year. Gross and operating margins slightly declined while EPS rose 11.5% year-on-year to…
10-Q · September 26, 2025
Darden Restaurants reported a strong Q1 fiscal 2026, with revenues of $3.04 billion, marking a 10.4% increase year-over-year. EPS from continuing operations rose to $2.19, up 25.9% from $1.74 in the prior year, despite…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.