Darden Restaurants Inc. (DRI)

Index:

S&P 500

$ 176.84
   
  • Change Today:
    $9.15
  • 52 Week High: $177.58
  • 52 Week Low: $138.06
  • Currency: US Dollars
  • Shares Issued: 118.90m
  • Volume: 986,145
  • Market Cap: $21,026m
  • RiskGrade: 178
  • Beta: 0.62

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 26-May-24 28-May-23 29-May-22 30-May-21 31-May-20
Continuing Operations          
Revenue 11,390.00 10,487.80 9,630.00 7,196.10 7,806.90
Operating Profit/(Loss) 1,314.20 1,201.80 1,162.20 648.70 47.90
Profit Before Tax 1,175.50 1,120.50 1,093.50 576.50 (161.00)
Profit After Tax 1,030.50 983.50 954.70 632.40 (49.20)
           
Earnings per Share - Basic 859.00¢ 807.00¢ 747.00¢ 485.00¢ (43.00¢)
Earnings per Share - Adjusted 859.00¢ 807.00¢ 747.00¢ 485.00¢ (43.00¢)
           
Dividend per Share 524.00¢ 484.00¢ 440.00¢ 155.00¢ 264.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 26-May-24 28-May-23 29-May-22 30-May-21 31-May-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 7,613.60 7,099.00 6,821.10 6,645.60 6,726.10
Intangible Assets 1,391.00 1,037.40 1,843.70 1,843.70 1,843.30
Other Non-Current Assets 1,495.60 1,107.40 291.60 295.70 275.30
  10,500.20 9,243.80 8,956.40 8,785.00 8,844.70
Current Assets          
Inventories 290.50 287.90 270.60 190.80 206.90
Cash at Bank & in Hand 194.80 367.80 420.60 1,214.70 763.30
Other Current Assets 336.80 342.00 488.20 465.60 131.20
  822.10 997.70 1,179.40 1,871.10 1,101.40
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 11,322.30 10,241.50 10,135.80 10,656.10 9,946.10
Current Liabilities          
Borrowings 86.80 n/a n/a n/a 270.00
Other Current Liabilities 2,105.70 1,937.40 1,847.50 1,848.30 1,522.80
           
Current Liabilities 2,192.50 1,937.40 1,847.50 1,848.30 1,792.80
           
Net Current Assets c(1,370.40) c(939.70) c(668.10) c22.80 c(691.40)
           
Borrowings 1,370.40 884.90 4,656.80 5,018.30 5,205.10
Other Non-Current Liabilities 5,517.60 5,217.70 1,433.30 976.40 617.00
Non-Current Liabilities 6,888.00 6,102.60 6,090.10 5,994.70 5,822.10
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 9,080.50 8,040.00 7,937.60 7,843.00 7,614.90
           
Net Assets 2,241.80 2,201.50 2,198.20 2,813.10 2,331.20
           
Shareholders Funds 2,241.80 2,201.50 2,198.20 2,813.10 2,331.20
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 2,241.80 2,201.50 2,198.20 2,813.10 2,331.20
Cash Flow 26-May-24 28-May-23 29-May-22 30-May-21 31-May-20
Net Cash Flow From Operating Activities 1,621.70 1,552.80 1,256.10 1,194.00 717.40
Net Cash Flow from Investing Activities (1,324.60) (568.40) (389.00) (263.70) (544.00)
Net Cash Flow from Financing Activities (493.20) (1,040.30) (1,609.70) (478.90) 132.60
Net Increase/Decrease In Cash (196.10) (55.90) (742.60) 451.40 306.00
Ratios - based on IFRS 26-May-24 28-May-23 29-May-22 30-May-21 31-May-20
Continuing Operations          
PE Ratio - Adjusted 17.2 20.0 16.9 29.5 n/a
PEG - Adjusted 2.9 2.5 0.3 n/a n/a
Earnings per Share Growth - Adjusted 6% 8% 54% n/a n/a
Dividend Cover 1.64 1.67 1.70 3.13 (0.16)
Revenue per Share 9,579.48¢ 8,820.69¢ 8,099.24¢ 61.09¢ 6,565.94¢
Pre-Tax Profit per Share 988.65¢ 942.39¢ 919.68¢ 4.89¢ (135.41¢)
Operating Margin 11.54% 11.46% 12.07% 9.01% 0.61%
Return on Capital Employed 50.93% 54.69% 21.82% 0.10% n/a
           
Dividend Yield 3.6% 3.0% 3.5% 1.1% 3.4%
Dividend per Share Growth 8.26% 10.00% 183.87% (41.29%) (12.00%)
Operating Cash Flow per Share 1,363.92¢ 1,305.97¢ 1,056.43¢ 1,004.21¢ 603.36¢
Cash Incr/Decr per Share (164.93¢) (47.01¢) (624.56¢) 3.83¢ 257.36¢
Net Asset Value per Share (exc. Intangibles) 715.56¢ 979.06¢ 298.15¢ 815.31¢ 410.35¢
Net Gearing 56.31% 23.49% 192.71% 135.21% 202.12%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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