Company file · DRI

Darden Restaurants

Darden Restaurants' revenue rose 9.4% in FY2026, to $13.2B, and net income rose 15.0% to $1.2B

Revenue rose 9.4% to $13.2B in FY2026, from $12.1B in FY2025. Net income rose 15.0% to $1.2B. Olive Garden was the largest segment, at 42% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2026 (filed Jul 24, 2026) · Latest quarter: 10-Q for the quarter ended Aug 30, 2026 (filed Oct 2, 2026) · Data pulled Nov 11, 2026

Key facts

In fiscal 2026, which ended May 31, 2026, Darden Restaurants (NYSE: DRI) took in $13.2B of revenue (up 9.4% on fiscal 2025); net income was $1.2B (up 15.0%). The most recent quarter, ended Aug 30, 2026, brought revenue of $3.2B, up 5.1% year over year, with net income of $233M. Sources: 10-K for fiscal 2026 (filed Jul 24, 2026) and 10-Q for the quarter ended Aug 30, 2026 (filed Oct 2, 2026).

Revenue$13.2BFY2026 · +9.4% vs FY2025

Net income$1.2BFY2026 · +15.0% vs FY2025

Cash & equivalents$220Mat Aug 30, 2026 · +0.5% vs FY2026 end

Total debt$2.6Bat Aug 30, 2026 · −13.5% vs FY2026 end

Diluted shares116MFY2026 avg · −1.8% vs FY2025

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2026, filed Jul 24, 2026

Quarterly revenue: fiscal 2027 vs a year earlierFiscal Q1, $bn (each quarter from that quarter's 10-Q)

FY2026FY2027

Source: 10-Q filed Oct 2, 2026

How it makes money

By segment in FY2026: Olive Garden (42%), LongHorn Steakhouse (26%) and Fine Dining (10%), as shares of total revenue; the rest of revenue isn't part of this breakdown. Total revenue was $13.2B.

By segment, FY2026

Olive Garden$5.6B42%+7.3%

LongHorn Steakhouse$3.4B26%+13.1%

Fine Dining$1.4B10%+5.4%

Share is of FY2026 revenue; the items listed don't cover all of it. The last column is the change from FY2025.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q1 FY2027 (Jun to Aug 2026) compared with Q1 FY2026 (Jun to Aug 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q1 FY2027Q1 FY2026

Company

Revenue

$3.2B Q1 FY2027

$3.0B Q1 FY2026

5.1% increase

Net income

$233M Q1 FY2027

$258M Q1 FY2026

9.5% decrease

Source: Darden Restaurants 10-Q for the quarter ended Aug 30, 2026, filed Oct 2, 2026

Cash & equivalents $220M at Aug 30, 2026, vs $220M at FY2026 end.
Total debt $2.6B at Aug 30, 2026, vs $3.0B at FY2026 end.

The bull case and the bear case

The bull case

Revenue rose 9.4% in FY2026 to $13.2B, from $12.1B a year earlier. 10-K, FY2026
Net income rose 15.0% in FY2026 to $1.2B, from $1.0B. 10-K, FY2026
Diluted shares fell 1.8% in FY2026, so each share represents a larger slice of profit. 10-K, FY2026
Revenue in the quarter ended Aug 30, 2026 was $3.2B, up 5.1% on a year earlier. 10-Q, quarter ended Aug 30, 2026

The bear case

Total debt rose 42.1% in FY2026 to $3.0B. 10-K, FY2026
Net income in the quarter ended Aug 30, 2026 was $233M, down 9.5% on a year earlier. 10-Q, quarter ended Aug 30, 2026
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include consumer spending; competition; costs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Darden Restaurants is in the restaurants industry, part of the consumer discretionary sector. The SEC files it under Retail-Eating Places.

Darden Restaurants reports 3 segments: Olive Garden, LongHorn Steakhouse and Fine Dining.

Its fiscal year ends in May; the latest, FY2026, ended May 31, 2026.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the restaurants industry. They are not a summary of Darden Restaurants’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Consumer spendingShoppers cut back on non-essentials when budgets are tight.
CompetitionRivals, online sellers and changing tastes pressure prices and traffic.
CostsWages, freight and product costs can squeeze margins.
Supply chain and tariffsImported goods make it sensitive to trade policy and shipping disruptions.
Brand and reputationProduct problems or public criticism can hurt demand.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2024	FY2025	FY2026
Revenue	$11.4B	$12.1B	$13.2B
Net income	$1.0B	$1.0B	$1.2B
Cash & equivalents (year end)	$195M	$240M	$220M
Total debt (year end)	$1.5B	$2.1B	$3.0B
Diluted shares	121M	118M	116M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Short-term borrowings and the current part of long-term debt plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Darden Restaurants names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended May 31, 2026.
The segment chart covers only part of revenue: the company reports other lines that aren't part of this breakdown.

What we left out

Operating cash flow: the company's filing data doesn't carry it for all the years shown, so it isn't shown.

Recent filings

Form	Filed	Period
10-Q	Oct 2, 2026	Aug 30, 2026
DEF 14A	Aug 10, 2026	Sep 23, 2026
10-K	Jul 24, 2026	May 31, 2026

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Darden Restaurants

How does Darden Restaurants make money?

In fiscal 2026, revenue totaled $13.2B. By segment in FY2026: Olive Garden (42%), LongHorn Steakhouse (26%) and Fine Dining (10%), as shares of total revenue; the rest of revenue isn't part of this breakdown. Total revenue was $13.2B. Source: 10-K for fiscal 2026, filed Jul 24, 2026.

What was Darden Restaurants's revenue in fiscal 2026?

Revenue came to $13.2B in the year ended May 31, 2026. Going back two years, it was $11.4B in fiscal 2024 and $12.1B in fiscal 2025, so the latest year was up 9.4%. Source: 10-K for fiscal 2026, filed Jul 24, 2026.

Is Darden Restaurants profitable?

Yes, by US accounting rules (GAAP): net income was $1.2B in fiscal 2026, up 15.0% from $1.0B a year earlier. For the quarter ended Aug 30, 2026, net income was $233M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Jul 24, 2026.

What did Darden Restaurants report in its latest quarterly filing?

The 10-Q for the quarter ended Aug 30, 2026 shows revenue of $3.2B, against $3.0B in the same quarter a year before (up 5.1%), and net income of $233M, against $258M (down 9.5%). Source: 10-Q for the quarter ended Aug 30, 2026, filed Oct 2, 2026.

How much cash and debt does Darden Restaurants have?

On Aug 30, 2026, cash and cash equivalents stood at $220M and total debt at $2.6B. Total debt here is short-term borrowings and the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Oct 2, 2026.

What are the main risks Darden Restaurants faces?

Darden Restaurants's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Jul 24, 2026. Risks that are common among companies in the restaurants industry include Consumer spending; competition; costs; supply chain and tariffs; brand and reputation. The first: Shoppers cut back on non-essentials when budgets are tight. Source: 10-K, Item 1A Risk Factors.

Where do these Darden Restaurants numbers come from?

Two filings Darden Restaurants made with the SEC: its fiscal 2026 10-K, filed Jul 24, 2026, and its 10-Q for the quarter ended Aug 30, 2026, filed Oct 2, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Darden Restaurants

Two Sigma Investments: 351,342 shares, reported value $72.4M at Jun 30, 2026 (+1,220.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Citadel Advisors: 51,830 shares, reported value $10.7M at Jun 30, 2026 (−30.5% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Millennium Management: 43,284 shares, reported value $8.9M at Jun 30, 2026 (−72.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Bridgewater Associates: 6,765 shares, reported value $1.4M at Jun 30, 2026 (−9.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in DRI: The editor holds no position in Darden Restaurants (DRI). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell DRI from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 10, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold DRI, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Darden RestaurantsDRI	FY2026	$13.2B	+9.4%	$1.2B
McDonald'sMCD	FY2025	$26.9B	+3.7%	$8.6B
StarbucksSBUX	FY2025	$37.2B	+2.8%	$1.9B
Yum! BrandsYUM	FY2025	$8.2B	+8.8%	$1.6B
Chipotle Mexican GrillCMG	FY2025	$11.9B	+5.4%	$1.5B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.