DARDEN RESTAURANTS INC

DRI 10-Q · Q2 2026

DRI Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 3,102.1 2,890 +7.3%
Show Business Segments breakouts
All Other Segments · Operating Segments 647.3 581.4 +11.3%
Fine Dining · Operating Segments 316.2 306 +3.3%
LongHorn Steakhouse · Operating Segments 775.9 710.1 +9.3%
Olive Garden · Operating Segments 1,362.7 1,292.5 +5.4%
Cost of Revenue (Q)
Show Product Lines breakouts
Food And Beverage 963.7 872.8 +10.4%
Food And Beverage · All Other Segments 192.5 172.4 +11.7%
Food And Beverage · Fine Dining 104.9 96.2 +9.0%
Food And Beverage · LongHorn Steakhouse 337.6 289 +16.8%
Food And Beverage · Olive Garden 328.7 315.2 +4.3%
Service Other 508.3 472.2 +7.6%
Service Other · All Other Segments 134.5 120.7 +11.4%
Service Other · Corporate Non Segment -24.4 -21.4 -14.0%
Service Other · Fine Dining 68.8 66.4 +3.6%
Service Other · LongHorn Steakhouse 105.3 97.8 +7.7%
Service Other · Olive Garden 224.1 208.7 +7.4%
Cost Direct Labor 1,000.1 926.8 +7.9%
Show Business Segments breakouts
All Other Segments · Operating Segments 226.5 200.9 +12.7%
Fine Dining · Operating Segments 93.5 87.4 +7.0%
LongHorn Steakhouse · Operating Segments 203.7 185.8 +9.6%
Olive Garden · Operating Segments 476.4 452.7 +5.2%
Marketing Expense 48.7 48.8 -0.2%
Show Business Segments breakouts
All Other Segments · Operating Segments 7.1 6.2 +14.5%
Fine Dining · Operating Segments 2.1 2.1 0.0%
LongHorn Steakhouse · Operating Segments 3.3 2.4 +37.5%
Olive Garden · Operating Segments 36.2 38.1 -5.0%
Pre Opening Costs 8.1 5.5 +47.3%
Show Business Segments breakouts
All Other Segments · Operating Segments 2.7 2 +35.0%
Fine Dining · Operating Segments 0.3 1.2 -75.0%
LongHorn Steakhouse · Operating Segments 2 0.9 +122.2%
Olive Garden · Operating Segments 1.9 0.7 +171.4%
Show Consolidation Items breakouts
Corporate Non Segment 1.2 0.7 +71.4%
General & Administrative 117.8 144.1 -18.3%
Show Retirement Plan Type breakouts
Other Postretirement Benefit Plans Defined Benefit · Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss 0.2 0.2 0.0%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Equity Contract 0.1
Depreciation & Amortization 137.9 127.7 +8.0%
Show Business Segments breakouts
All Other Segments · Operating Segments 31.4 29.3 +7.2%
Fine Dining · Operating Segments 17.7 17.4 +1.7%
LongHorn Steakhouse · Operating Segments 23.4 20.6 +13.6%
Olive Garden · Operating Segments 49.4 46.3 +6.7%
Show Consolidation Items breakouts
Corporate Non Segment 16 14.1 +13.5%
Gain Loss On Sales Of Assets And Asset Impairment Charges -2.9
Show Business Segments breakouts
All Other Segments · Operating Segments -2.9
Total Costs & Expenses 2,781.7 2,597.9 +7.1%
Operating Income 320.4 292.1 +9.7%
Interest Income Expense Nonoperating Net 48 46.2 +3.9%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Interest Rate Contract -0.9 -0.8 -12.5%
Income Before Taxes 272.4 245.9 +10.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -0.2 -0.2 0.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 0.8 0.1 +700.0%
Income Tax Expense (Benefit) 35 30.2 +15.9%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -0.1
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 0.2 -0.1 +300.0%
Income Loss From Continuing Operations 237.4 215.7 +10.1%
Income Loss From Discontinued Operations Net Of Tax -0.2 -0.6 +66.7%
Net Income 237.2 215.1 +10.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -0.1 -0.2 +50.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 0.6 0.2 +200.0%
Retained Earnings 237.2 215.1 +10.3%
Income Loss From Continuing Operations Per Basic Share 2.05 1.84 +11.4%
EPS (Basic) 2.05 1.83 +12.0%
Income Loss From Continuing Operations Per Diluted Share 2.03 1.82 +11.5%
EPS (Diluted) 2.03 1.82 +11.5%
Wtd Avg Shares (Basic) 115.9 117.5 -1.4%
Wtd Avg Shares (Diluted) 116.7 118.3 -1.4%
Gross Profit 581.3 569.4 +2.1%
Show Business Segments breakouts
All Other Segments · Operating Segments 86.7 81.2 +6.8%
Fine Dining · Operating Segments 46.9 53.9 -13.0%
LongHorn Steakhouse · Operating Segments 126 135.1 -6.7%
Olive Garden · Operating Segments 297.3 277.8 +7.0%
Show Consolidation Items breakouts
Corporate Non Segment 24.4 21.4 +14.0%
Comprehensive Income 228.9 218 +5.0%
Other Comprehensive Income -8.3 2.9 -386.2%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -8.3 2.9 -386.2%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 224.1 217.3 +3.1%
Receivables Net Current 126.1 77.8 +62.1%
Inventory 354.5 318 +11.5%
Prepaid Taxes 186 115 +61.7%
Prepaid Expenses & Other Current Assets 152.7 151.5 +0.8%
Total Current Assets 1,043.4 879.6 +18.6%
Non-Current Assets
Operating Lease Right-of-Use Assets 3,560.7 3,678.2 -3.2%
Goodwill 1,658.2
Other Non-Current Assets 387.9 370.1 +4.8%
Total Assets 12,940.2 12,940.2 0.0%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 4,943.6
Indefinite Lived Trademarks 1,346.4 1,346.4 0.0%
Current Liabilities
Accounts Payable 460.8 408.5 +12.8%
Short Term Borrowings 438 275.2 +59.2%
Employee Related Liabilities Current 188.3 192.7 -2.3%
Accrued Income Taxes Current 1.3 2 -35.0%
Accrual For Taxes Other Than Income Taxes Current 93.2 80.9 +15.2%
Contract With Customer Liability Net Of Discounts Current 567 552 +2.7%
Other Liabilities Current 901.9 889.7 +1.4%
Total Current Liabilities 2,650.5 2,401 +10.4%
Deferred Revenue (Current) (Q)
Show Product Lines breakouts
Gift Card 593.8 576.9 +2.9%
Product And Service Other 0.7 0.6 +16.7%
Non-Current Liabilities
Long-Term Debt 2,139.1 2,121.7 +0.8%
Deferred Tax Liabilities 352.4 291.8 +20.8%
Operating Lease Liabilities 3,829.7 3,939.1 -2.8%
Other Non-Current Liabilities 1,888.1 1,694.7 +11.4%
Total Liabilities 10,859.8 10,448.3 +3.9%
Contract With Customer Liability Noncurrent 11.7 4.9 +138.8%
Stockholders' Equity
Common Stocks Including Additional Paid In Capital 2,298.4 2,261 +1.7%
Retained Earnings -235.7 -218.9 -7.7%
Accumulated Other Comprehensive Income 17.7 28.8 -38.5%
Total Stockholders' Equity 2,080.4 2,070.9 +0.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -3 -3.2 +6.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent 21.1 27.4 -23.0%
Accumulated Other Comprehensive Income 17.7 28.8 -38.5%
Accumulated Translation Adjustment -0.4 4.6 -108.7%
Common Stock Including Additional Paid In Capital 2,298.4 2,261 +1.7%
Retained Earnings -235.7 -218.9 -7.7%
Total Liabilities & Equity 12,940.2 12,519.2 +3.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Stock-Based Compensation 48.9 48.9 0.0%
Increase Decrease In Operating Capital -172 -55.5 -209.9%
Pension And Other Postretirement Benefit Contributions -0.8 -0.8 0.0%
Deferred Income Taxes And Tax Credits 77.7 17.5 +344.0%
Increase Decrease In Other Operating Capital -2.1 -12.6 +83.3%
Other Non-Cash Items -11.9 -9.2 -29.3%
Net Cash Provided By Used In Operating Activities Continuing Operations 663.2 661.8 +0.2%
Increase Decrease In Receivables -9.2 2.8 -428.6%
Change in Inventory -42.9 -25.6 -67.6%
Change in Prepaid & Other Assets -5.1 -9 +43.3%
Change in Accounts Payable 10.5 2.6 +303.8%
Increase Decrease In Employee Related Liabilities -19.2 -1.9 -910.5%
Increase Decrease In Accrued Income Taxes Payable -52.9 2.7 -2059.3%
Increase Decrease In Property And Other Taxes Payable 10.3 5.9 +74.6%
Change in Deferred Revenue -32.4 -42.3 +23.4%
Increase Decrease In Other Current Liabilities -31.1 9.3 -434.4%
Investing Activities
Capital Expenditures -375 -314.5 -19.2%
Proceeds From Sale Of Property Plant And Equipment 24.1
Payments To Acquire Other Productive Assets -13 -12.8 -1.6%
Net Cash from Investing -363.9 -939.3 +61.3%
Financing Activities
Proceeds From Issuance Of Common Stock 12.7 21.8 -41.7%
Payments Of Dividends -349 -330.5 -5.6%
Share Repurchases -407.1 -314.2 -29.6%
Proceeds From Repayments Of Commercial Paper 438 188.4 +132.5%
Finance Lease Principal Payments -9.5 -9.7 +2.1%
Net Cash from Financing -314.9 298.9 -205.4%
Supplemental
Income Taxes Paid 40.7 28.8 +41.3%
Interest Paid 92.7 79.7 +16.3%
Other Cash Flow
Cash Provided By Used In Operating Activities Discontinued Operations -0.3
Net Cash Provided By Used In Discontinued Operations -0.3
Net Change in Cash -15.9 21.4 -174.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 238.6 241.5 -1.2%
Restricted Cash And Cash Equivalents 14.5 24.2 -40.1%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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