DARDEN RESTAURANTS INC

For the period ended Nov 26, 2023. Filed Jan 3, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Nov 26, 2023 · Filed Jan 3, 2024

DRI$229.77+1.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	November 26,2023	May 28,2023
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$195.7	$367.8
Receivables, net	80.3	80.2
Inventories	310.6	287.9
Prepaid income taxes	138.9	107.3
Prepaid expenses and other current assets	142.2	154.5
Total current assets	$867.7	$997.7
Land, buildings and equipment, net of accumulated depreciation and amortization of $3,584.8 and $3,422.0, respectively	4,043.5	3,725.1
Operating lease right-of-use assets	3,539.7	3,373.9
Goodwill	1,392.9	1,037.4
Trademarks	1,148.0	806.3
Other assets	330.3	301.1
Total assets	$11,322.1	$10,241.5
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$423.9	$426.2
Short-term debt	350.0	—
Accrued payroll	177.1	173.0
Accrued income taxes	8.4	7.8
Other accrued taxes	69.7	65.9
Unearned revenues	547.3	512.0
Other current liabilities	805.2	752.5
Total current liabilities	$2,381.6	$1,937.4
Long-term debt	1,368.4	884.9
Deferred income taxes	242.3	142.2
Operating lease liabilities - non-current	3,815.3	3,667.6
Other liabilities	1,474.8	1,407.9
Total liabilities	$9,282.4	$8,040.0
Stockholders’ equity:
Common stock and surplus	$2,240.8	$2,230.8
Retained earnings (deficit)	(228.5)	(32.5)
Accumulated other comprehensive income	27.4	3.2
Total stockholders’ equity	$2,039.7	$2,201.5
Total liabilities and stockholders’ equity	$11,322.1	$10,241.5

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.