AI-extracted from the 10-Q filed 2026-10-02 — Q1 FY2027 (quarter ended August 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Darden's Q1 FY2027 sales rose 5.1% to $3,200.3M on 53 net new restaurants and 3.1% blended same-restaurant sales growth, while diluted EPS from continuing operations fell 6.4% to $2.05.
Biggest Revenue Drivers
Olive Garden$1,329.8M+2.2% YoY
Driven primarily by same-restaurant sales increases and revenue from new restaurants.
LongHorn Steakhouse$860.9M+10.9% YoY
Driven primarily by same-restaurant sales increases and revenue from new restaurants.
Biggest Revenue Drivers
Total revenue: $3,200.3M+5.1% YoY
Olive Garden$1,329.8M+2.2% YoY
Driven primarily by same-restaurant sales increases and revenue from new restaurants.
LongHorn Steakhouse$860.9M+10.9% YoY
Driven primarily by same-restaurant sales increases and revenue from new restaurants.
Other Business$705.4M+3.6% YoY
Driven primarily by same-restaurant sales increases.
Fine Dining$304.2M+6.2% YoY
Driven primarily by revenue from new restaurants, as well as same-restaurant sales increases.
Largest Expense Items
Restaurant labor$1,028.9M+4.1% YoY
Decreased as a percent of sales due to sales leverage and brand mix, partially offset by inflation.
Food and beverage$984.9M+6.0% YoY
Increased as a percent of sales due to 1.0% inflation and 0.4% brand mix impact, partially offset by 1.1% pricing leverage.
Restaurant expenses$530.5M+5.2% YoY
Flat as a percent of sales; sales and pricing leverage offset inflation.
Margins: Operating income fell 5.9% to $319.3M, with operating margin declining to 10.0% from 11.1%. The decline reflects higher food and beverage costs and the prior-year gain on the Olive Garden Canada sale, partially offset by lower G&A.
Watch Items from the Filing
Net cash from operations fell to $279.0M from $342.5M, driven by working capital changes; $500.0M of 3.850% senior notes due May 2027 are classified as current.
Short-term debt and current portion of long-term debt rose to $979.7M from $693.6M, with $285.9M of net commercial paper borrowings in the quarter.
Olive Garden same-restaurant guest counts fell 2.2%, with growth driven by a 3.4% average check increase.
Board authorized a new $1.5 billion share repurchase program; 1.1 million shares were repurchased in the quarter for $222.3M.
Management reaffirmed FY2027 sales guidance of $13.60B to $13.75B with 2.5% to 3.5% same-restaurant sales growth and 75 to 80 new openings.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Wilmott Timothy JDirectorGrant or award · Sep 23, 2026
Congress trading in DRI
11 transactions in DRI reported by 5 members of Congress under the STOCK Act, most recent trade Apr 9, 2026. Reported transactions, not recommendations.
About DARDEN RESTAURANTS INC (DRI): stock profile, AI score and financials
DARDEN RESTAURANTS INC (DRI) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores DRI at 63.5/100 on a composite quality score built from its SEC filings, placing it at rank #612 of 2,925 stocks — the top 25% of the AI-ranked universe. DRI scores in the top quartile across revenue scale (88.9), balance sheet strength (83.6). Based on the latest XBRL financial filings (Q1 2027), DARDEN RESTAURANTS INC reports quarterly revenue of $3.2B, net income of $233.4M, an operating margin of 10.0%. DRI trades on the NYSE exchange and files with the SEC under CIK 940944. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DRI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for DARDEN RESTAURANTS INC directly from SEC EDGAR.