Filing Flows › Darden Restaurants (DRI) › Q1 FY26
Darden Restaurants (DRI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 26, 2025
Darden Restaurants (DRI) reported revenue of $3.0B for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and -7% from the quarter before. Operating margin was 11.1%, net earnings $258M (8.5% of revenue).
Darden Restaurants, Q1 FY26: revenue $3.0B (+10% year over year), operating margin 11.1%, net earnings $258M, operating cash flow $342M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -7% | +10% |
| Gross profit | $574M | -19% | +10% |
| Operating profit | $339M | -11% | +26% |
| Net earnings | $258M | -15% | +24% |
| Operating cash flow | $342M | -25% | +25% |
| Free cash flow | $168M | -41% | +32% |
What changed
Revenue was $3.0B in Q1 FY26, up 10% year over year and down 7% from the previous quarter.
Gross margin was 18.9%, down 0.1 points from a year earlier. Operating profit was $0.34B, a 11.1% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 10% margin then. Operating expenses fell 7% while revenue rose 10%. Net earnings were $0.26B, up 24% year over year. The effective tax rate was 12.2%.
Operating cash flow was $0.34B (up 25% year over year), 133% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.17B left free cash flow of $0.17B.
Questions
What was Darden Restaurants' revenue in the first quarter fiscal 2026?
Darden Restaurants (DRI) reported revenue of $3.0B for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and -7% from the quarter before.
Was Darden Restaurants profitable in the first quarter fiscal 2026?
Operating profit was $339M (11.1% of revenue) and net earnings $258M.
Source: Darden Restaurants 10-Q on SEC EDGAR.