DARDEN RESTAURANTS INC

For the period ended Feb 25, 2024. Filed Apr 2, 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.

Feb 25, 2024 · Filed Apr 2, 2024

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

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Contents

Consolidated Balance Sheets

	February 25,2024	May 28,2023
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$243.9	$367.8
Receivables, net	72.2	80.2
Inventories	298.2	287.9
Prepaid income taxes	122.6	107.3
Prepaid expenses and other current assets	139.5	154.5
Total current assets	$876.4	$997.7
Land, buildings and equipment, net of accumulated depreciation and amortization of $3,667.8 and $3,422.0, respectively	4,101.9	3,725.1
Operating lease right-of-use assets	3,494.3	3,373.9
Goodwill	1,397.8	1,037.4
Trademarks	1,148.0	806.3
Other assets	339.8	301.1
Total assets	$11,358.2	$10,241.5
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$406.0	$426.2
Short-term debt	158.7	—
Accrued payroll	195.6	173.0
Accrued income taxes	8.5	7.8
Other accrued taxes	69.0	65.9
Unearned revenues	626.0	512.0
Other current liabilities	808.6	752.5
Total current liabilities	$2,272.4	$1,937.4
Long-term debt	1,372.8	884.9
Deferred income taxes	240.9	142.2
Operating lease liabilities - non-current	3,774.4	3,667.6
Other liabilities	1,516.8	1,407.9
Total liabilities	$9,177.3	$8,040.0
Stockholders’ equity:
Common stock and surplus	$2,252.8	$2,230.8
Retained earnings (deficit)	(101.6)	(32.5)
Accumulated other comprehensive income	29.7	3.2
Total stockholders’ equity	$2,180.9	$2,201.5
Total liabilities and stockholders’ equity	$11,358.2	$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.