DARDEN RESTAURANTS INC

For the period ended Aug 25, 2024. Filed Sep 27, 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.

Aug 25, 2024 · Filed Sep 27, 2024

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

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Contents

Consolidated Statements of Earnings

(In millions, except per share data)

	Three Months Ended
	August 25,2024	August 27,2023
Sales	$2,757.0	$2,730.6
Costs and expenses:
Food and beverage	846.7	851.0
Restaurant labor	889.3	875.3
Restaurant expenses	458.2	446.6
Marketing expenses	44.7	38.6
General and administrative expenses	126.4	153.3
Depreciation and amortization	121.5	109.8
Impairments and disposal of assets, net	1.0	3.1
Total operating costs and expenses	$2,487.8	$2,477.7
Operating income	269.2	252.9
Interest, net	37.1	29.7
Earnings before income taxes	232.1	223.2
Income tax expense	24.5	28.4
Earnings from continuing operations	$207.6	$194.8
Losses from discontinued operations, net of tax benefit of $0.4 and $0.1, respectively	(0.4)	(0.3)
Net earnings	$207.2	$194.5
Basic net earnings per share:
Earnings from continuing operations	$1.75	$1.61
Losses from discontinued operations	—	—
Net earnings	$1.75	$1.61
Diluted net earnings per share:
Earnings from continuing operations	$1.74	$1.60
Losses from discontinued operations	—	(0.01)
Net earnings	$1.74	$1.59
Average number of common shares outstanding:
Basic	118.5	120.9
Diluted	119.2	122.0

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.