Darden Restaurants (DRI) FY2025 results: revenue $12.1 billion, up 6.0% on the year
Darden Restaurants Inc. (DRI) reported revenue of $12.1 billion for fiscal 2025, the year ended 25 May 2025, up 6.0% on the year before. Net income was $1.0 billion, up 2.1%, and diluted earnings per share $8.86. The figures are the company's own, from the 10-K it filed with the SEC on 18 July 2025.
Revenue
$12.1 billion
+6.0% on the year
FY2018FY2025
Operating margin
11.3%
11.5% a year earlier
FY2018FY2025
Net income
$1.0 billion
+2.1% on the year
FY2018FY2025
Diluted EPS
$8.86
+4.1% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
1,698
1,612
1,546
+5.4%
Capital expenditure
645
601
565
+7.2%
Free cash flow
1,054
1,011
981
+4.3%
Free cash flow margin
8.7%
8.9%
9.4%
Cash from investing
-1,278
-1,325
-568
Cash from financing
-386
-483
-1,033
Depreciation and amortisation
516
460
388
+12.2%
Share-based compensation
79.1
68.5
67.5
+15.5%
Buybacks
418
454
459
-7.9%
Dividends paid
658
628
590
+4.8%
Dividend per share
$5.60
$5.24
$4.84
+6.9%
Diluted shares, weighted
118m
121m
123m
-2.0%
Shares outstanding at period end
117m
119m
121m
-1.6%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
2,311
2,242
2,202
+3.1%
Short-term borrowings
0.0
n/a
0.0
Debt
2,129
1,457
885
+46.1%
Operating lease liabilities
3,817
3,705
3,668
+3.0%
Finance lease liabilities
1,584
1,357
1,173
+16.7%
Other liabilities
2,746
2,562
2,315
+7.2%
Total liabilities and equity
12,587
11,323
10,242
+11.2%
Goodwill
1,659
1,391
1,037
+19.3%
Intangible assets
14.3
16.2
11.3
-11.7%
Cash and equivalents
240
195
368
+23.2%
Receivables
93.8
79.1
80.2
+18.6%
Inventory
312
290
288
+7.3%
Other assets
10,268
9,351
8,457
+9.8%
Total assets
12,587
11,323
10,242
+11.2%
10-K for the year ended 25 May 2025, filed 18 July 2025: the filing.