DARDEN RESTAURANTS INC
For the period ended Aug 30, 2026. Filed Oct 2, 2026.
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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 30, 2026 · Filed Oct 2, 2026
DRI$228.66-0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| August 30,2026 | August 24,2025 | |
| Cash flows—operating activities | ||
| Net earnings | $233.4 | $257.8 |
| Losses from discontinued operations, net of tax | 0.9 | 0.1 |
| Adjustments to reconcile net earnings from continuing operations to cash flows: | ||
| Depreciation and amortization | 144.2 | 135.1 |
| Impairments and (gain) loss on disposal of assets, net | (3.9) | (42.0) |
| Stock-based compensation expense | 26.6 | 25.0 |
| Change in current assets and liabilities | (138.6) | (79.2) |
| Deferred income taxes | 23.5 | 53.9 |
| Change in other assets and liabilities | (3.9) | 8.5 |
| Unrealized change in trust-owned life insurance value | (3.2) | (16.7) |
| Net cash provided by operating activities of continuing operations | $279.0 | $342.5 |
| Cash flows—investing activities | ||
| Purchases of land, buildings, and equipment | (175.3) | (174.1) |
| Proceeds from disposal of land, buildings, and equipment | 8.8 | 20.3 |
| Purchases of capitalized software and other assets and other, net | (4.8) | (5.5) |
| Net cash used in investing activities of continuing operations | $(171.3) | $(159.3) |
| Cash flows—financing activities | ||
| Proceeds from issuance of common stock | 20.0 | 8.8 |
| Dividends paid | (184.2) | (175.1) |
| Repurchases of common stock, inclusive of excise taxes paid | (220.8) | (182.7) |
| Proceeds from (repayments of) short-term debt, net | 285.9 | 142.0 |
| Principal payments on finance leases, net | (5.3) | (5.2) |
| Net cash used in financing activities of continuing operations | $(104.4) | $(212.2) |
| Cash flows—discontinued operations | ||
| Net cash used in operating activities of discontinued operations | (2.3) | — |
| Net cash used in discontinued operations | $(2.3) | $— |
| Increase (decrease) in cash, cash equivalents, and restricted cash | 1.0 | (29.0) |
| Cash, cash equivalents, and restricted cash - beginning of period | 227.6 | 254.5 |
| Cash, cash equivalents, and restricted cash - end of period | $228.6 | $225.5 |
| Reconciliation of cash, cash equivalents, and restricted cash: | August 30,2026 | August 24,2025 |
|---|---|---|
| Cash and cash equivalents | $220.5 | $211.0 |
| Restricted cash included in prepaid expenses and other current assets | 8.1 | 14.5 |
| Total cash, cash equivalents, and restricted cash shown in the statement of cash flows | $228.6 | $225.5 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Three Months Ended | ||
|---|---|---|
| August 30,2026 | August 24,2025 | |
| Cash flows from changes in current assets and liabilities | ||
| Receivables, net | $11.9 | $20.2 |
| Inventories | 5.3 | 2.0 |
| Prepaid expenses and other current assets | (19.9) | (9.4) |
| Accounts payable | 24.4 | 20.1 |
| Accrued payroll and employee benefits | (51.8) | (27.5) |
| Prepaid income taxes | (6.5) | (22.5) |
| Accrued taxes | 8.8 | 10.0 |
| Unearned revenues | (34.5) | (36.6) |
| Other current liabilities | (76.3) | (35.5) |
| Change in current assets and liabilities | $(138.6) | $(79.2) |
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