Revenue: $2.89 billion, (QoQ +4.82%, YoY -2.85%)
Gross Profit: $612.7 million, (QoQ +8.87%, YoY -5.10%)
Operating Income: $292.1 million, (QoQ +8.51%, YoY -24.68%)
Net Income: $215.1 million, (QoQ +3.81%, YoY -31.26%)
Earnings Per Share (EPS): $1.83, (QoQ +4.57%, YoY -30.15%)
Darden's gross profit margin remained steady at 21.20%, while the operating margin experienced compression to 10.11%, reflecting higher cost pressures and competitive pricing strategies. Management noted that the company is continually assessing labor and food costs to weather ongoing inflationary pressures, particularly in the current economic environment.