Filing Flows › Darden Restaurants (DRI) › Q1 FY27 › vs Q4 FY26
Darden Restaurants (DRI) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Darden Restaurants's revenue fell $518M (-14%) from $3.7B in Q4 FY26 to $3.2B in Q1 FY27. Gross margin 18.8% against 22.1% (-3.3 pts).
Darden Restaurants, Q1 FY27: revenue $3.2B (+5% year over year), operating margin 10.0%, net earnings $233M, operating cash flow $279M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 18.8% | 22.1% | -3.3 pts |
| Operating margin | 10.0% | 13.9% | -3.9 pts |
| Net margin | 7.3% | 10.9% | -3.6 pts |
| Free cash flow margin | 3.2% | 10.2% | -7.0 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $3.2B | $3.7B | −$518M | -14% |
| Gross profit | $603M | $823M | −$220M | -27% |
| Cost of revenue | $2.6B | $2.9B | −$298M | -10% |
| Operating profit | $319M | $517M | −$198M | -38% |
| Operating expenses | $284M | $306M | −$22.5M | -7% |
| Pre-tax earnings | $268M | $463M | −$195M | -42% |
| Other expense, net | $51.2M | $54.1M | −$2.9M | -5% |
| General & admin | $135M | $139M | −$4.2M | -3% |
| Other operating costs | $149M | $167M | −$18.3M | -11% |
| Net earnings | $233M | $405M | −$172M | -42% |
| Income tax | $34.7M | $57.8M | −$23.1M | -40% |
| Depreciation & amortization | $144M | $146M | −$2.1M | -1% |
| Share-based compensation | $26.6M | $12.6M | $14.0M | +111% |
| Working capital & other | $125M | −$8.3M | $134M | — |
| Operating cash flow | $279M | $572M | −$293M | -51% |
| Free cash flow (OCF − capex) | $104M | $379M | −$275M | -73% |
| Capital expenditures | $175M | $193M | −$17.8M | -9% |
Questions
How much did Darden Restaurants's revenue grow quarter over quarter in Q1 FY27?
Darden Restaurants's revenue fell $518M (-14%) from $3.7B in Q4 FY26 to $3.2B in Q1 FY27. Gross margin 18.8% against 22.1% (-3.3 pts).